Economy Oct 20

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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

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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

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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

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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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