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Tag Archives: JPMorgan Chase

Stress Tests: How Will Mortgage Loans Impact Bank Losses?

stress test

The results of the stress test scenarios to determine the resiliency of lenders in financially adverse situations were released for the three biggest banks in the country. Here’s what they revealed about loans that are most likely impact banks’ losses if things go south.

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What Happened to the Financial Market?

Wells Fargo, Citigroup, and JPMorgan Chase all reported their second quarter financial earnings on Friday before the market opened in the morning; but, despite reporting earnings and total ...

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JPMorgan Chase to Undergo Leadership Changes

JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced on Thursday. According to sources, Zames is leaving to start his own business. “I have been in this business almost 25 years. I spent the vast majority of my time running businesses, driving things forward, facing off against clients, taking business risk. But at its core … I want to get back to running the railroad…”

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Appeals Court Revives BNY Case Against Chase

A years-old case between Bank of New York Mellon and JPMorgan Chase is back on again—at least in part— after a New York state appeals court revived the suit this week. BNY claims that JPMorgan and affiliate WMC Mortgage breached contracts, failed to repurchase certain defective loans, and failed to provide notice of faulty loans. The case was originally filed in 2015.

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