Tag Archives: JPMorgan Chase

New suit alleges deceptive foreclosure practices

December 2, 2011 – 10:32 AM

SPRINGFIELD, Mass. (WWLP) – This week, Massachusetts slapped a huge lawsuit on five major U.S. banks. The lawsuit claims the banks’ shady practices have contributed to people illegally being removed from their home.

By Timothy Blake | Posted in General Finance | Also tagged , , , , , , , | Comments Off

How crappy U.S. mortgages hurt Ireland and Germany

October 1, 2011 – 12:32 AM

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks.

By Timothy Blake | Posted in Bank of America, JPMorgan Chase | Also tagged , , , , , , | Comments Off

Ambac $1 billion subprime lawsuit vs JPMorgan revived

July 16, 2011 – 6:17 AM

By Jonathan Stempel NEW YORK | Thu Jul 14, 2011 4:36pm EDT NEW YORK (Reuters) – A New York state appeals court revived Ambac Financial Group Inc’s $1 billion lawsuit against JPMorgan Chase & Co over an investment vehicle that in 2007 and 2008 suffered heavy losses from toxic subprime debt.

By Timothy Blake | Posted in JPMorgan Chase | Also tagged | Comments Off

J.P. Morgan Securities LLC settles with SEC

July 6, 2011 – 8:08 AM

As the mortgage crisis and subprime debacle came and went, scars were left on the financial landscape across the Unted States and elsewhere around the world. Did those who caused the problem escape with minimal damage?

By Timothy Blake | Posted in JPMorgan Chase | Also tagged , , , | Comments Off