JPMorgan Chase

Benjamin Lawsky, New York’s first Superintendent of Financial Services, is wading further into the muck that is Ocwen Financial Corporation's (NYSE: OCN) mortgage servicing practices. On Monday Lawsky sent Ocwen a letter demanding explanations for business practices that appear to be self-...

The Government National Mortgage Association (Ginnie Mae) recently discovered that Bank of America (NYSE: BAC) is missing key documents relating to mortgages the bank services for it, Kate Berry reported for National Mortgage News. Because Bank of America is missing so many documents, Ginnie...

Over the years banks have become ubiquitous and indispensable. Not only do banks secure your money, they also provide loans and other essential financial services. But sometimes banks lose touch with reality, forgetting that their essential function is to hold and invest other people’s...

U.S. stocks ended the week on a sour note as investors continue to sell many momentum names. Not helping the bull case was the much anticipated Jobs report number which failed to "wow" the market, coming in relatively in-line with expectations. The Dow suffered a triple digit point loss and...

When companies “pay” huge amounts of money to settle claims that they broke the law, don’t believe the hype: the bill may be a lot less than advertised. That’s because we taxpayers may be picking up part of the tab. How? The tax code allows companies to deduct some or all of the payments as...

Wal-Mart Stores (NYSE: WMT) have filed a lawsuit against Visa (NYSE: V) claiming more than $5 billion in damages for what Wal-Mart claimed were unreasonably high interchange fees Visa charged the retailer. In the lawsuit Wal-Mart claimed Visa conspired with banks to fix so-called “swipe fees”...

Enterprise-focused cloud-based file-management service Box said Monday, via tweet that it was planning a $250 million IPO. A short while later, re/code said the filing had gone live. Box launched in 2005 as an academic project created by CEO Aaron Levie in his dorm room at USC. According...

After April 8, ATMs worldwide could be vulnerable to cyberattack. That’s because April 8 is the last day Microsoft (NASDAQ: MSFT) said it would provide regular tech support for Windows XP, which according to Hareetz.com is the software behind 95 percent of the world’s ATMs. Microsoft declined...

Sixteen of the world’s largest banks were sued Friday by the Federal Deposit Insurance Corporation (FDIC) for fixing the London interbank interest rate (Libor). According to the FDIC, the move cost smaller, failed American banks such as Washington Mutual, IndyMac and Colonial money. Bloomberg...

How big are Target’s (NYSE: TGT) problems? Investors have bid the stock down only about 1.3 percent Monday and only about three percent since news broke but that might be the least of its worries. The negative news is piling up for the retailer. First, customers affected by the breach were...

How could one improve on a mobile app that lets customers use their smartphone to pay for merchandise while standing in line at a store? How about one that lets you pre-pay in the cloud, avoiding the line all together? According to TechCrunch, Amazon (NASDAQ: AMZN) reportedly just acquired...

Last week’s release of the October Federal Open Market Committee Minutes included a brief, but important discussion that, if acted on, could significantly change the way U.S. banks operate. The main focus of the meeting had to do with the possibility of the Federal Reserve tapering the $85...

According to The New York Times, the U.S. Justice Department planned to announce as early as Tuesday, a $13 billion settlement with JPMorgan Chase (NYSE: JPM). Sources told the newspaper Monday that the deal, related to the Wall Street bank’s mortgage practices prior to the 2008 financial...

T-Mobile US (NYSE: TMUS) needs more spectrum. Spectrum, technically electromagnetic radiation and frequency bands, is the lifeblood of mobile service providers and in order to compete with AT&T (NYSE: T), Verizon (NYSE: VZ), and Sprint (NYSE: S), T-Mobile needs all the spectrum it can get...

Hiring military veterans isn’t just a “feel good” move, it’s also a “smart” move. Especially in the tech sector, according to speakers in a presentation at Google (NASDAQ: GOOG) headquarters in New York Friday. Many “hire a veteran” efforts emphasize the debt owed to returning servicemen and...