Economy Oct 20

No image
J.P. Morgan’s $13 billion penalty

A tentative deal was reached yesterday between the Justice Department and JP Morgan Chase. The agreement would require chase, the nation's largest bank, to pay a record 13-billion dollar penalty. Dawn Kopecki, a banking reporter with Bloomberg News, who has…

Economy Jun 05

No image
Who Benefited from JP Morgan’s Losses?

JPMorgan Chase World Headquarters on Park Avenue in New York City. Photo by Timothy A. Clary/AFP/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Tuesday's…

The U.S. Treasury announced Tuesday that 10 large banks would be permitted to start repaying approximately $68.3 billion in total bailout funds they received from the government in the past nine months.

Jun 09

No image

Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis.

Apr 03

No image

Federal Reserve Chairman Ben Bernanke defended Thursday his agency's decision to assist the ailing investment firm Bear Stearns, calling it a move to prevent a corporate collapse that could have reverberated through the U.S. economy.

Latest News