Washington Mutual News
Yao Ming, the 'emperor' of Houston and Chinese basketball
HOUSTON -- Inside the Chinese Community Center, located on the outskirts of Chinatown in one of America's largest cities, there's a subtle reminder of the impact of one man to this town -- and maybe even this country. On a side wall behind a pair of teenage girls selling Girl Scout cookies is a
Paycheck Halved Last Year, JPMorgan Chase CEO to Get Big Pay Raise This Year
After overseeing JPMorgan Chase while the bank paid about $20 billion in penalties last year to federal authorities, CEO Jamie Dimon is reportedly getting a 74 percent pay raise, according to a filing with the Securities and Exchange Commission . JPMorgan's board voted this week to increase his
JP Morgan Chase In Controversial Settlement
Morning Money Memo… “The Morgan Shakedown” is how this morning’s Wall Street Journal editorial describes the $13 billion tentative deal between America’s biggest bank and the Justice Department. JP Morgan Chase has decided to settle allegations over the poor quality of mortgage-backed securities ...
Web Extra: Read an Excerpt of David Stockman's New Book
Excerpted from THE GREAT DEFORMATION: THE CORRUPTION OF CAPITALISM IN AMERICA by David A. Stockman by arrangement with PublicAffairs, an imprint of the Perseus Books Group. Copyright © David A. Stockman, 2013. CHAPTER 2 FALSE LEGENDS OF DARK ATMS AND FAILING BANKS When the great financial bubble
Mitt Romney and Consumer Protection Regulation
The people who brought you the Great Economic Meltdown of 2008 have a new idea for you although if they get their way, you'll never hear about it. In fact, one of the most striking things about the new push to undo the consumer-friendly financial reforms that followed the crash is the open
Karilyn Bales, Wife of Robert Bales, Holed up in Washington Military Base
Karilyn Bales and her Kids are Holed up on a Military Base in Washington State
Wall Street Bonuses May Reach Lowest Level in 3 Years
Wall Street banks will announce their annual compensation and bonuses starting this month, and forecasts are generally expecting cutbacks across the board though the rewards will still be rich at least by non-1 percenter standards. "Obviously this is not a good year for Wall Street compensation and
Wall Street Analyst Tries to 'Save The Big Banks From Themselves'
Mike Mayo says he is on the front lines of Occupy Wall Street's battle, which is unusual coming from a Wall Street analyst. A widely-followed managing director of brokerage firm CLSA, Mayo, 48, says the "intersection" between Occupy Wall Street protesters and Wall Street analysts is "bigger than
Chris Christie And The Waiting Game (The Note)
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) These days, it’s Chris Christie’s world and we’re just living in it. Sources close to the New Jersey governor say he will make an announcement about whether or not he will change his mind and run for...
Economy's funk isn't claiming a lot of companies, so far
Q: Is the recent downturn in the economy and stock market putting more companies at risk of going bankrupt? A: Following the financial crisis of 2008, investors got a harrowing lesson on how even big companies can, indeed, fail. The collapse of Lehman Brothers, Washington Mutual and IndyMac Bancorp