Ken’s Recent Stories
Economy Sep 29JPMorgan Chase to pay $920M in fines for manipulating bond, metals markets
JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior.
Economy Apr 08Fed eases limit on Wells Fargo to make more small business loans
The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline.
Economy Apr 03Government’s relief program for small businesses off to a slow start
The federal government’s relief program for small businesses is off to a slow start, with few businesses able to apply and some big banks saying they’re not ready to process applications.
Economy Feb 25JPMorgan cuts back lending to coal companies and Arctic drillers
The bank will only lend to power companies to build coal power plants when the design includes carbon capture technology and will not finance new projects involving oil and gas development in the Arctic.
Economy Feb 21Wells Fargo to pay $3 billion to resolve disputes over unauthorized accounts
The $3 billion will settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.
Economy Feb 20Morgan Stanley to buy E-Trade for $13 billion
The deal is the latest chapter in Morgan Stanley's transformation from the scrappy, deal-doing, stock-trading investment bank to a more well-rounded financial firm.
Economy Dec 24Wildfires cause turmoil in California property insurance market
Thousands of homeowners have lost their insurance policies in the last few years as insurers pull out of areas that are at risk of fire damage or stop insuring homes altogether.
Nation Aug 16Trump appoints student loan industry executive to be top loan watchdog
It's a job designed to protect student loan borrowers from poor practices in the student loan industry and one of the few positions explicitly named in the Dodd-Frank Act, the law passed after the 2008 financial crisis that created the…
Nation Jul 30What you need to know about the Capital One data breach
The alleged hacker, Paige A. Thompson, obtained Social Security and bank account numbers in some instances, as well other information such as names, birthdates, credit scores and self-reported income, the bank said Monday.
Politics Apr 10CEOs of big banks defend more resilient financial system since crash
The heads of seven of the largest banks in the U.S. fielded sometimes contentious questions from a House committee Wednesday, some dealing with current risks to the financial system and other focused on more politically charged topics.