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New York State Attorney General Eric Schneiderman filed a civil lawsuit against JPMorgan yesterday, charging the firm with widespread fraud committed by the mortgage securitization unit of Bear Stearns, which JPMorgan acquired in 2008. Not everyone was impressed.
JPMorgan spokesman Joe Evangelisti said the bank was “disappointed” that Mr. Schneiderman filed his lawsuit without giving Read More
Have you heard the one about the time Dick Bove walked into a Wells Fargo branch, and his banker walked out? Which was awkward, because Mr. Bove is the Rochdale Securities analyst who’s rarely met a bank stock he didn’t love. And apparently, marked the first in a series of poor customer service experiences that led Mr. Bove to vent in a note published yesterday:
“You could really make an argument that financial regulation amounts to merely a little dust splashed on some of them,” a private-equity executive said about his Wall Street colleagues this July, when the idea that nothing had really changed on Wall Street was still a semi-secret. It isn’t any longer.
According to the Read More