JPMorgan Trading Loss May Reach $9 Billion
JPMorgan Trading Loss May Reach $9 Billion Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation. When Jamie Dimon, the bank’s chief executive, announced in May that the bank had lost $2 billion in a bet … Read more
OCC Annual Survey of Banks’ Credit Underwriting Practices Shows that Underwriting Standards Remained Largely Unchanged
OCC Survey Showed Banks’ Underwriting Standards Largely Unchanged WASHINGTON — The Office of the Comptroller of the Currency’s 18th Annual Survey of Credit Underwriting Practices, released today, shows that underwriting standards remained largely unchanged from last year, although some easing was noted in select commercial and retail products. Banks continued to react to changing economic … Read more
Hey Lender Processing Services (LPS) – Looked in the Mirror Lately? | Firm Named in Nevada Robosigning (MURDER or SUICIDE?) Case Brazenly Countersues AG Masto Alleging Due Process Violations
Hey Lender Processing Services (LPS)| Firm Named in Nevada Robosigning (MURDER or SUICIDE?) Case Brazenly Countersues AG Masto Alleging Due Process Violations The foreclosure processor sued by Nevada Attorney General Catherine Cortez Masto in last year’s robosigning cases has now retaliated, suing Masto and alleging due process violations. In December, Masto’s office sued Lender Processing … Read more
