Financials

Where do the proceeds of the $13 billion dollar record breaking settlement go?

The government is considering tougher regulations on mutual funds to protect investors.

Meet Wall Street’s new sheriff. He’s responsible for levying billions from banks this year alone and he’s changing the way some big institutions do business.

The tentative $13 billion settlement that J.P. Morgan Chase reached with the federal government could have a negative impact on investors and home buyers.

JP Morgan Chase has tentatively agreed to a $13 billion settlement with the U.S. government for misleading investors and mortgage agencies about the safety of mortgage backed securities that the company sold ahead of the financial crisis.

The Justice Department’s potential $13 billion settlement with JPMorgan may go a long way toward appeasing consumers’ anger at big banks for the financial crisis, but it probably won’t help those same consumers get a mortgage. In fact, it may make it harder. “In my eyes, this tightens credit,” said Paul Miller of FBR. “That is the …

In its first earnings report as a member of the Dow 30, Goldman Sachs beat the Street, but only by taking a chainsaw to expenses. The investment bank reported third-quarter earnings of $2.88 a share on revenue of $6.72 billion. While the firm’s earnings per share were well above FactSet estimates of $2.44 a share, revenue …

President Obama met with top executives of some of Wall Street’s banks as part of his effort to get Congress to raise the nation’s borrowing limit.

JPMorgan spent nearly a billion dollars settling charges related to the “London Whale” debacle, but that doesn’t mean it’s out of the woods yet.

In two separate settlements, JPMorgan has agreed to pay a billion dollars in fines, including over $900 million over the “London Whale” trading fiasco. Will this damage the banks reputation?

JPMorgan will settle with regulators for nearly $1 billion for the London Whale trading fiasco and other lapses, the Federal Reserve says.

Are the nation’s banks in a better position now than they were before the 2008 financial crisis? If not, what else needs to change?

JPMorgan Chase may reportedly face criminal charges related to the London Whale trading fiasco. Former SEC chair Harvey Pitt talks about the troubles the big bank is facing.

What are the top bankers at the center of the financial crisis doing now? “Too Big to Fail” author Andrew Ross Sorkin takes a look.

Regulators insist that the banking system is safer five years after the crisis. Critics say not so fast.