'March Against Monsanto' protest draws thousands worldwide. Image via RT.

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Home » Topics » JPMorgan (Page 3)

‘Occupy Lexington Kentucky’ protests in front of JPMorgan Chase

A small group of demonstrators on Thursday joined in solidarity with the “Occupy Wall Street” protesters by assembling outside a JPMorgan Chase bank in Lexington, Kentucky. “We are union members, students, teachers, veterans, families, the unemployed and underemployed,” the group said. “We are all races, sexes and creeds. We are…

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Washington Mutual shareholders win $208 million

WASHINGTON (AFP) – Former Washington Mutual executives have agreed to pay $208.5 million to settle a lawsuit launched by a group of investors after the bank’s failure in 2008, the largest ever of its kind. The bank leaders, among them former Washington Mutual chairman Kerry Killinger, ex-chief operating officer Stephen…

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Obama chooses JPMorgan exec. William Daley as new chief of staff

JPMorgan Chase & Co. executive and former commerce secretary William Daley was chosen Thursday to be President Obama’s new White House chief of staff, according to published reports. Sixty-two year old Daley is brother of outgoing Chicago major Richard Daley and has close ties to former White House chief of…

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Obama’s leading contender for chief of staff is JPMorgan exec

An executive of JPMorgan Chase & Co with close ties to President Barack Obama’s inner circle has shot to the top of the list for next White House chief of staff, according to news reports. Bloomberg reported Monday that William Daley, who serves on JPMorgan’s Executive Committee in charge of…

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JPMorgan sued for ‘abetting’ Madoff

NEW YORK — The trustee charged with recouping assets for victims of Wall Street fraudster Bernard Madoff said Thursday he was seeking $6.4 billion from JPMorgan Chase for supporting the scam. In a statement, Irving Picard said a suit was filed in a New York federal bankruptcy court seeking to…

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Lawsuits: Banks foreclosed after deciding payments too small

Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and signed up. The Cascos say they never missed a subsequent payment,…

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JPMorgan profit leaps nearly 80%

NEW YORK (AFP) – US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year. Reporting solid performance across most business areas, the New York-based bank’s profits included 1.5 billion dollars that…

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Post-bailout, ‘Obama’s favorite banker’ turns to GOP

When it comes to financial matters, it’s just good business to consider the enemy of your friend a potential ally in the future. Wednesday’s Washington Post reports, “Commercial banks and high-flying investment firms have shifted their political contributions toward Republicans in recent months amid harsh rhetoric from Democrats about fat…

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