By Saskia de Melker
Regulators Charge JP Morgan With More Than $1 Billion in Penalties…
Former JP Morgan Executive Deflects Blame for Billion Dollar Mistake…
JPMorgan Chase World Headquarters on Park Avenue in New York City. Photo by Timothy A. Clary/AFP/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Tuesday's…
By Paul Solman
Shields, Brooks on Campaign Ads, J.P. Morgan Losses, Debt Ceiling Debate…
In other news Friday, winter weather continued its assault around the U.S. as bitter cold gripped New Mexico for a fourth straight day. In Dallas, five inches of snow canceled flights ahead of Super Bowl weekend. At Cowboys Stadium, the…
By PBS NewsHour
Just a month after paying back $10 billion in government bailout funds, Goldman Sachs reported impressive second-quarter earnings Tuesday, comfortably surpassing analysts' expectations.
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.
By Admin, PBS NewsHour
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.
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.
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