35 Burst results for "morgan chase"

Wells Fargo plans $10 billion in cuts, posts first quarterly loss since 2008

KCBS Radio Midday News

00:33 sec | 3 weeks ago

Wells Fargo plans $10 billion in cuts, posts first quarterly loss since 2008

"Of big bank earnings reports were his dire is investors had feared, except maybe for Wells Fargo's JP Morgan Chase saw a smaller drop in profits last quarter, a little more than half and set aside 10.5 $1,000,000,000 to couple potential bad loans. Citigroup saw large drop in profits to and set aside billions. But Wells Fargo Posted its first quarterly loss since 2008. Because of those set asides and its slash dividends it shares are falling more than 5.5%. The bank CEO says cost cutting is coming. The bank will eventually cut $10 billion on Wall

Wells Fargo Jp Morgan Chase Citigroup CEO
Banks Under Fire for Alleged Unequal Lending Practices

Business Wars Daily

03:17 min | Last month

Banks Under Fire for Alleged Unequal Lending Practices

"The practice of red lining were denying financial and other services to people based on race, was outlawed in nineteen, sixty eight, but last week several Chicago Chase Bank branches closed temporarily as protesters call for racial equity and lending from the nation's largest bank and expose published in early June by nonprofit newsroom city bureau and WBZ radio found that off the seven and a half billion dollars in Chicago home. Purchase loans approved since two thousand, twelve, less than two percent was loaned in black majority neighborhoods. The bank is also the subject of a Federal Class Action Lawsuit. That suit alleges that chase shutout. Business. Borrowers from the paycheck protection, program or PCP. Stacey Hawkins Armstrong's the founder of shop. poppin gourmet. Popcorn in Westchester. She told news station ABC seven Chicago the. She tried to file her PP loan application with chase. On the first day. They were accepted, but she got nothing but error messages desperate to keep her doors open and her four employees on payroll. She ultimately secured a smaller loan through a different bank. She believes that chase prioritized. It's favored customers and left small businesses like hers in. In the cold, She's not alone the US. House of Representatives is launching probes into how several banks including J. P.. Morgan Chase Bank of America and Citigroup made P P P loans according to the Orange County Register. Critics allege that big banks service business customers and Shutout underserved borrowers from the funding pool. redlining continues in subtle ways today, including in how P P P loans. Loans were distributed according to Everett. Sand CEO of small business lender lend Distri in a report in fortune as business wars daily reported earlier this month. The Small Business Administration gave no guidance to lenders to prioritize underserved communities about ninety percent of black owned businesses have no employees ease sands, says P, P P rules. Regarding sole proprietors came out last that let these entrepreneurs unclear about. About which loans were available to them? The SBA hasn't released the demographics of WHO received PPP loans, but a survey report by color of change and UNIDOs US is revealing more than half of black and Latin next small business owners who sought assistance requested less than twenty thousand dollars in funding only about one in ten received the funding. They ask for according to the report. One united the nation's largest blackout bank has been working to help black owned businesses get better access to loans in the second round of stimulus funding, federal government allowed thirty billion dollars to smaller and minority owned banks such as community development, financial institutions were CDFI's one united secured some of that funding with that on April. Twenty nine, the bank launched its own P. Program. The bank committed to lending to black owned businesses and self-employed people. It's I. P P Loan, went to an uber driver. Time will tell who was more effective in getting money to black owned businesses, but the stakes couldn't be higher. A recent report by the Brookings Institution Warns Covid. Nineteen could wipe out a decade of economic gains by black owned businesses as Congress debates whether create another stimulus round. The future of many black owned businesses hangs in the balance.

Stacey Hawkins Armstrong Chicago Chase Bank Small Business Administration Morgan Chase Bank Of America Chicago Brookings Institution J. P House Of Representatives Cdfi Orange County Westchester ABC Everett Congress CEO Founder Citigroup Distri
Unemployment And The Racial Divide

The Indicator from Planet Money

02:14 min | 2 months ago

Unemployment And The Racial Divide

"A few months ago, a team of researchers from the J. P. Morgan Chase, institute and the University of Chicago put together a report from a huge new set of data and Stacey I hate sound too nerdy about this. You love data I know maybe I don't need this. But actually this data sat is really exciting and really quite extraordinarily. The data said that was put together for us for this study was very valuable and doing analysis. That wasn't possible before. That is economists, Damon Jones from the University of Chicago. Harris School of public policy, Damon is on that team of researchers, and basically he says the data come from about one point eight million J.. P. Morgan. Morgan Chase banking customers that is a huge sample which allows his team of researchers to see the different sources of income for families, this income can beat from things like your wages from your job, but also for example, a tax refund or unemployment insurance benefits, and the team can also see how families are spending their money almost in real time month to month or in some cases week. Week to week it's a view into how people make economic decisions, and crucially it lets researchers break down the data by race and ethnicity to offer a picture of the ways that different racial and ethnic households experienced the economy in different ways on one. The first findings that we've found looking at take home pay so that's how much is being directly deposited into your account. Is that we? We found on average that black and Hispanic families earned about seventy cents on the dollar when compared to their white counterparts, the median Hispanic family and the medium black family make roughly thirty five thousand dollars a year, the median white family about forty seven thousand dollars a, and that doesn't matter whether you look at the lowest earners or the highest earners are people who were in the middle. There's consistently a lower level of take home income for the black and Hispanic families, and another finding was that there are big disparities in the money that people have saved up and can use to pay their bills. This money is called liquid assets, liquid assets or things like cash. Your bank account things similar to cash

Damon Jones University Of Chicago J. P. Morgan Chase Morgan Chase P. Morgan Stacey Harris School Of Public
Big-bank execs condemn racism after George Floyd death

Bloomberg Business of Sports

00:15 sec | 2 months ago

Big-bank execs condemn racism after George Floyd death

"Chief executives of some of the biggest banks in the U. S. felt compelled to speak out after the killing of George Floyd the chiefs of JP Morgan chase Wells Fargo Citigroup bank of America and U. S. Bancorp are among those addressing the issue of racism with their employees

George Floyd America U. S. Bancorp Jp Morgan Chase Wells Fargo Ci
Stock Market: Live News During the Coronavirus Pandemic

San Diego's Morning News with Ted and LaDona

04:16 min | 2 months ago

Stock Market: Live News During the Coronavirus Pandemic

"Yeah all right so I can we check our four oh one K.'s yet it looks like over there might be some good news yeah you can kind of peak between the fingers anyway because the stocks started the holiday shortened week with a nice rally the Dow is up by five hundred thirty points more than two percent day yesterday market got a boost from optimism about work on vaccines and signs the economy is starting to re open this the number of new coronavirus that cases slows there were reports yesterday that showed pickups in new home sales and consumer confidence and the stock market futures are higher this morning Dow futures are up three hundred fifty two points so we could to be on a bit of a trend still it there's a little bit of optimism I mean we are beating here in San Diego hair salons are back open which you know every woman is like here thank you please cut this off use that myself all of us shop so it is so we're looking at the the optimism giving the market that boost yes we are and there are some other positive shoots a home loan demand is the continuing its of recovery mortgage bankers report this morning the number of applications for new financing rose eight point six percent last week at the highest level since January purchase loan request of but then up for six weeks in a row now they're up more than fifty percent since the beginning of last month apple will re open another one hundred of its U. S. stores this week though more than half the outlets will offer curbside service only and move move a lot of talk about the CEO of JP Morgan chase was cautiously upbeat Jamie Dimon says he sees in his words pretty good odds of a fast economic rebound in the third quarter so look the best yeah let's talk about you know every kind of business it's moving people from one place I mean we're talking planes trains and especially Amtrak right now yeah experts filed for bankruptcy late last week and yes now Amtrak is preparing to slash its workforce by as much as twenty percent even as it prepares to add back some roots CEO bill Flynn sent an internal memo to employees saying ridership and ticket revenue have declined by ninety five percent yes whoa ninety five ninety five percent wow okay let's talk about let's try to do something that's more positive how bout this Walmart partnering with thread up yeah this is interesting at the thread up if you're not familiar with them as a company that sells second hand clothing online the resale clothing market has been growing a lot in recent months and years even though the giant retailer is looking for ways to diversify its these commerce business beyond groceries and consumer staples a Walmart dot com will offer used women's and children's clothing as well as accessories handbags and footwear nearly a three quarters of a million products and all all right let's get down to the last story is that this pandemic expected to have some long lasting financial impact on just about almost everybody right you you started out talking about you're asking about four oh one K. plans and Bankrate dot com's done a survey and says thirty one million recently unemployed adults with retirement savings have tapped those savings are planned to do so very soon nearly a fifth of working a recently unemployed adults work ours say they're contributing less now to their retirement accounts than they were prior to the pandemic and that's mainly because of lost income or the need to keep more cash on hand to cover additional expenses some people say they're helping of relatives who are out of work that happens a lot well yeah I I don't think I know I don't think that there's one person within my acquaintance that has not somehow had to financially juggled either helping somebody else out in their family or with you know it within their own household I mean everybody's been touched by this if we can just hope for a quick turnaround you know some some people are very hopeful but there there are naysayers as well so keeping our fingers crossed and and hoping the optimistic people are right yeah all right Jeff Ballenger from Bloomberg thank you so much Jeff okay have a good

Nearly Three Million Sought Jobless Benefits Last Week

WBZ Midday News

00:46 sec | 2 months ago

Nearly Three Million Sought Jobless Benefits Last Week

"Has a bigger than forecast reading a new jobless claims a site of three million last weekend heightening U. S. China trade tension pulled on stocks early today but a rally for shares of banks helping pull indexes back Dow up a hundred twenty six nasdaq down thirty five SNP up one we have fresh insight into how and where we're spending our money missiles were pulling back to just the essentials JP Morgan chase reports that in late March to mid April overall U. S. credit card spending plunged a staggering forty percent from a year earlier J. peace total is all the more revealing though when compared with the new research from Bankrate finding that last month US credit card spending on food spiked from just over a quarter to roughly half of all transactions Bankrate analyst investor may reflect in part a collective American dwindling of cash on

Bankrate United States U. S. China Jp Morgan Analyst
Small Business Rescue Earned Banks $10 Billion In Fees

NPR's Business Story of the Day

03:53 min | 3 months ago

Small Business Rescue Earned Banks $10 Billion In Fees

"Right now small businesses are desperate for loans. Congress allocated three hundred and forty nine billion dollars for small businesses. That money was gone in less than two weeks but not all of it went to small businesses around. Ten billion dollars went to banks to cover processing fees. Npr's Laura Sullivan has been looking into financial records. Good Morning Laura. Good morning at ten billion dollars is a lot of money. What are banks doing to to earn that money? So banks like J. P. Morgan Chase Bank of America. Pnc and dozens of others are processing the loans. They're essentially the middlemen. They take the applications from their small business clients and they funnel those requests up to the Small Business Administration which approves the loan and what's important to note here. Is that the money the banks are getting for? Their clients isn't their money. I mean this isn't bank money. This is taxpayer money. Taxpayers are funding loans for small businesses to cover things like payroll rent and utilities during the crisis. Okay something for taxpayers to think about. Let me ask you. What's the incentives for the banks to process all these small business loans so fees? We took a deep dive into the public financial records of companies and banks and we found the banks are making billions of dollars in fees. According to the programs rules banks can take anywhere from one to five percent of the entire loan and keep it as a fee depending on how much the loan is worth so any loan up to three hundred fifty thousand dollars. The banks get five percent of that money alone between two million ten million dollars. The banks get one percent of that money so for example the parent company of. Ruth's Chris Steak House. Got A ten million dollar loan from the program J. P. Morgan Chase which according to financial records process that loan thought one hundred thousand dollar fee for this one time transaction and remember these loans. Carry no risk for J. P. Morgan or the other banks. It's taxpayer. Money guaranteed by the small business administration and the loans require less work. The government is required unless vetting compared to WANNA bank lending its own money now banks do normally get fees for processing. Sba loans but not in this volume with these dollar amounts were over a two week period. And you've been looking into it in the dollar amount that you've found as I said is a ten billion dollars have gone to bank so far. Yes bring you break down. The value of the loans and use the formula government established is adds up to more than ten billion dollars in fees that went to the banks just in the past two weeks. So what are the banks saying banks saying? Well look. We're doing our job. We're supposed to get paid. So we reached out to some of the biggest banks involved in the program including PNC JP P. Morgan Bank of America. Some said they have to pay for thousands of employees that are working twelve eighteen hour days to get the loans push through and are now preparing or hoping for Congress to authorize another round. They said while betting might not be as thorough as it would be a regular bank loan. There is still significant document take like document. Collection Review Wells. Fargo says it's going to donate its money to charity but it was required to do that. As part of a government agreement falling problems bank had in two thousand eighteen. None of the other banks have said they intend to follow suit. So there's a really interesting question here. Which is that you know. Thousands of small businesses said. They were shut out. They couldn't get loans. Is there a reason to think that they didn't get loans? Because the banks knew they could make more in fees if they just worked with clients with really really large loans there are currently five class action lawsuits in California and New York alleging. Just that and the data does suggest more large loans were process before smaller loans but bank say that is simply not true. J. P. Morgan for one says they had different offices handling different loan sizes and there were simply fewer large loans so they were able to get through more them.

Small Business Administration J. P. Morgan Jp P. Morgan Bank PNC Congress Bank Of America J. P. Morgan Chase Laura Sullivan NPR Chris Steak House California Ruth New York Fargo America
Alex Rodriguez, Jennifer Lopez Retain JPMorgan to Raise Money for Mets Bid

Jason and Alexis

00:30 sec | 3 months ago

Alex Rodriguez, Jennifer Lopez Retain JPMorgan to Raise Money for Mets Bid

"Alex Rodriguez and Jennifer Lopez are apparently taking real steps to try to buy the New York Mets so there's been buzz for months that they're interested in the team but now they've reportedly retains JP Morgan chase to raise capital so they can make a serious offer why would you want the math but I don't know they like even I know that yeah so I guess there was a hedge fund superstar who is super close to buying eighty percent of the team in a deal valued at two point six billion

Alex Rodriguez Jennifer Lopez New York Mets Jp Morgan
Report: A-Rod, J-Lo to place bid on Mets

10 10 WINS 24 Hour News

00:35 sec | 3 months ago

Report: A-Rod, J-Lo to place bid on Mets

"Herat's reportedly checking out the masses not thinking about playing for them of course is trying to buy them or no deal that is the question being asked by Mets fans after work last night Alex Rodriguez and Jennifer Lopez are trying to raise the money for a possible bid on the amazing the super couples reportedly working with one of the big Bucks guys a JP Morgan chase there's been no comment from A. rod J. lo wore the bank but we do know the will ponds were on the verge of selling up to an eighty percent stake in the Mets to hedge fund billionaire Steve Cohen before that deal fell through in early February markedet ten ten wins

Herat Alex Rodriguez Jennifer Lopez A. Rod J. Lo Mets Bucks Jp Morgan Steve Cohen
JPMorgan's profit plummets 69% because of coronavirus

Steve Cochran

00:18 sec | 4 months ago

JPMorgan's profit plummets 69% because of coronavirus

"J. P. Morgan chase and companies profit plunged by more than two thirds in the first quarter as the largest U. S. bank put aside nearly seven billion dollars in reserves are protected from a wave of potential loan defaults in the months

J. P. Morgan Chase U. S.
World shares mostly rise as investors brace for earnings hit

Houston's Morning News

01:01 min | 4 months ago

World shares mostly rise as investors brace for earnings hit

"Fortunately investors are facing the start of earnings season today with confidence because of hence the corona virus at least in Europe may have peaked self stock futures are up S. and P. futures up twenty five nasdaq futures up a hundred three Dow futures up two hundred fifty five points the store pre market shares of Johnson and Johnson the company saw better profits and sales than Wall Street expected to see even though it did pull back on its predictions for profits and sales this quarter because of the corona virus the first first of the big bank earnings are out to with JP Morgan chase reporting it built nearly seven billion dollars worth of reserves for the corona virus and what its CEO calls the likelihood of a fairly severe recession but crude oil futures are falling because even with the OPEC plus production cuts they really don't make a dent in the oversupply due to the collapse in energy demand right now crude oil futures are down about fifty cents to twenty one ninety a barrel Exxon was able to raise nine and a half billion dollars by selling bonds in a deal more successful than it had hoped by about a half billion

Europe Johnson CEO Opec Exxon Jp Morgan
JPMorgan Chase earnings slump in first quarter

Kentuckiana's Morning News

00:13 sec | 4 months ago

JPMorgan Chase earnings slump in first quarter

"The first of the big bank earnings are out to with JP Morgan chase doing better than predicted reporting it built nearly seven billion dollars worth of reserves for the corona virus and what its CEO calls the likelihood of a fairly severe

CEO Jp Morgan
Small-Business Relief Effort ‘a Mess’

Rush Limbaugh

00:49 sec | 4 months ago

Small-Business Relief Effort ‘a Mess’

"The coronavirus relief program for small businesses gets off to a rocky start correspondent Linda Kenyon reports said three hundred forty nine billion dollar paycheck protection program which began today as part of the latest coronavirus economic stimulus package it's meant to help small businesses keep their workers on the payroll even if their businesses are shuttered during the corona virus crisis some lenders including Wells Fargo and bank of America say they're ready to process those loans but others including JP Morgan chase say they are not accepting loan applications due to a lack of guidance from the treasury department White House economic adviser Larry Kudlow says government checks are on their way and predicts the economy will rebound quickly he says covert nineteen in stimulus efforts only interrupted what was a strong U. S. economic

Linda Kenyon Wells Fargo Larry Kudlow Bank Of America Jp Morgan Treasury White House Economic Adviser
How the Federal Reserve’s “discount window” works

Marketplace with Kai Ryssdal

02:35 min | 5 months ago

How the Federal Reserve’s “discount window” works

"I'm thinking the best way for us to frame things today. When just how different things are has now? Become so clear is do what we've done a couple of times. The past couple of weeks macro micro big picture to actual people in an economy that is coming to a very sudden stop. You don't get much more big picture of course than the Federal Reserve on a Sunday afternoon pulling out. Maybe not all but certainly a whole lot of the stops that had has that huge cut in their short-term interest rate that you have heard about Shirley and other big bond buying program echoes of the financial crisis to be sure also a cut in something called the discount rate short-term emergency loans dispensed through what is known as the discount window sounds a tad. We D I know but in reality it is so big picture because what we're talking about here is the Fed making some really big moves to keep credit flowing to households and businesses marketplace's. Amy Scott gets us going with what the discount window is and why it is so important in a crisis. Think of the discount window as a shot of. Wd Forty if advanced is short on cash to cover customer withdrawals or make loans it can borrow money short-term directly from the Fed in effect it's kind of keeping the finances lubricated during a stressful time banking consultant. Burt Ely says the problem is banks are reluctant to reach for the Kellyanne. Borrowing from the Fed is usually more expensive than borrowing from other banks and Joe Gagnon with the Peterson Institute for International Economics says that looks bad. I mean if a bank has to pay a higher rate to get credit it's usually because other banks are leery of landing to it so it looks like it might be in trouble. The Fed is trying to reduce that stigma by slashing the discount rate and by urging banks to use it and not add. Mahdi teaches finance and economics at Stanford. If they say well please come. Please come which they also did during the financial crisis. Then it's like everybody's doing it and it's okay and it's legitimate. It could help the J. P. Morgan Chase recently said it plans to use the discount window to help break that stigma. Gerard Cassidy an analyst with RBC capital markets says bank balance sheets are really strong right now partly because of nervous customers. There's been an influx of deposits for the safety of the FDIC deposit insurance. So I don't think the banks are going to be forced to go to the discount window but he says better to get them comfortable with the idea before. There's a real

Federal Reserve Gerard Cassidy Rbc Capital Markets Peterson Institute For Interna Fdic Burt Ely Amy Scott Shirley Joe Gagnon Mahdi J. P. Morgan Chase Stanford Kellyanne Analyst Consultant
Wall Street bounces back after worst day since 1987

Wayne Cabot and Paul Murnane

00:35 sec | 5 months ago

Wall Street bounces back after worst day since 1987

"Is and as you all know by now yesterday was a wall street's worst day since the eighty seven crash some of the moves using this morning and have been the best since March two thousand nine when the Great Recession was winding down and the other is renewed recession talk today the Dow is up five hundred points about two and a half percent was up more than a thousand to nasdaq up two hundred ten the SNP up seventy three points J. P. Morgan chase things were in a recession now it's that's the two quarters of a shrinking GDP and Wells Fargo economist says his forecast Wednesday for a one quarter slow down and to return to growth was outdated by

SNP J. P. Morgan Wells Fargo
Coronavirus: Major American banks impose restrictions on international travel

Bloomberg Daybreak: Asia

00:35 sec | 5 months ago

Coronavirus: Major American banks impose restrictions on international travel

"Continued fallout from the corona virus ten on the list we have Citigroup Morgan Stanley and Wells Fargo telling employees not to travel internationally without approval from top company managers know this would expand early restrictions for countries where the outbreak is most severe sources also telling us that MetLife and bank of New York imposed similar restrictions last week you might recall JP Morgan chase took similar steps and Goldman Sachs is restricted all nonessential international travel and postponed indefinitely a conference scheduled for New York

Morgan Stanley Wells Fargo Jp Morgan Chase Goldman Sachs New York Citigroup Metlife Bank Of New York
Economists Grapple Over Economic Threat of Climate Change

Vickie Allen and Levon Putney

00:50 sec | 5 months ago

Economists Grapple Over Economic Threat of Climate Change

"For an estimate of the potential economic costs of climate change ask a banker economist for JP Morgan chase warn in a new report of a threat to human life as we know it that's the existential threat they want more specifically of the potential cost beyond the ultimate price they say the longer the climate change action is delayed the more costly it'll be to address later estimates of the cost of climate change very widely depending on the methodology with scientists and mainstream economists arriving at figures between one percent and thirty percent of global gross domestic product by the end of the century the data used by JP Morgan estimates that a business as usual approach in which global temperatures rise above three point five degrees Celsius by twenty one hundred would reduce gross domestic product per capita by seven point two percent but they also say such predictions are probably far too small as they

Jp Morgan
"morgan chase" Discussed on Squawk Pod

Squawk Pod

06:09 min | 6 months ago

"morgan chase" Discussed on Squawk Pod

"Long time. We don't completely understand why the causes the effects and we may not know for another ten years in this particular one could policy. I mean I. I get frustrated that we don't have better policy around the world and and I applaud the politicians and strong enough to get up and fight for good policy. which doesn't always selling is good for the citizens but it is you know and so and president mccrone own? I mean I think he's fighting the fight to get French growing better. Jamie WanNa thank you very much for your time. It's always a pleasure seeing you and we love this interview here Indaba so thank you very welcome. It will be next on Squawk pod. I've got a pack and get Outta here. I'm going to show Faqih Andrew and Creamer unpack that extended extended interview with Jamie diamond back in a moment. Welcome back to squad. It's the Swiss Alps. It's chilly mostly. It's Wendy. It's beautiful and it is very busy is always a marathon earlier this week. Joe had a sit down interview with President. Donald Trump which meant a twenty one hour workday for some of us but everyday they were there. Joe Becky Andrew Katie. Creamer creamer stayed onset outside after the TV broadcast to record some special content. Just for you our podcast listeners. Right now I'm on the roof of the Congress Center in Davos Switzerland with is the home of all the media tents and we are out in the elements so rain snow sunshiny blue skies. We're here for all of it. When the team sat down for the next conversation you'll hear it was actually sunny really sunny injury and becky whip out their shades for the occasion? We have documentation where you're all right guys. We talk to Jamey diamond for an extended interview the CEO and chairman of J. P. Morgan Chase Andrew. What did you think about his sort of take on the economy? I I thought he was bullshit. I didn't think he did you think he didn't. I thought he was. Hasn't he said we're doing fine. We're doing but we're hitting new records everyday on the market and that doesn't sound like just you see something you can always count on Jamie to very rationally and reasonably say that there are things that need to be fixed about the current economic system. And you know the headline writer is going to say Jamie. Jamie diamond thinks capitalism and then that causes him to go the other way and he can make the most spirited defense of capitalism of anyone. I've ever heard he didn't WanNa to answer the question. We asked him about Bernie Sanders and Elizabeth Warren. He would he would've answered. You talked about something else because he does get on a roll named names he said if you ran a company that says Jason where I don't think he wants to be killing people who you voted for by definitely alienate. I do think capitalism socialism thing. There is this sort of sense of what is socialism that he's trying to raise and you didn't listen to his answer because he they did at basically basically being a little bit pregnant. There's no such thing as a little. That's that's what I heard is if you have the government owning the media production and and that is water on socialism. He said eventually that is a corrupt because you have people. The government elected officials officials who are using that power by votes and maintain their power ten to one on Bernie versus trump. On who I bet on anything I have. I have a question for kings but I don't give ten to one odds so he writes this piece. I don't think he liked the headline of his own. Piece set it sometime about capitalism. Wait where's the much sure. Advert Jamie Dimon less change capitalism. We might lose it forever off camera when he sat down He. I said I don't like the headline but most of conversation is actually the opposite of that in many ways you can find. What do you mean meaning I i? Most of the conversation he was having with us wasn't really that he felt the capitalism west. Brian in fact he made the argument that it was the greatest thing to ever happen happened to mankind. You can go and so so then. So then what do you make of what he make peace where I think that editors put what they what magazine was. It was a four time. Duff said here's a here's the other thing you hear you gave that fact that game now. That was eh for everyone. Billionaire created. Yeah two hundred and fifty thousand people were lifted out of poverty. Fifteen twenty years. What's the source for that? Or how does he figure at this number. If you look at how many people in China that have come from a certain level of income fifteen hundred dollars up to where ten thousand you take the whatever you want to use. The the poverty level immediately agreed and said his own numbers. Kind of back that we can put up with a couple of greedy billionaires if we with two hundred fifty thousand people Radovanovic Poverty. That's the show for today on our rundown tomorrow. The anchors might be on their way home from Switzerland covers. It was but here on the podcast. There is so much more Davos content still to be half including some things. That didn't make if you listen to this podcast. You should listen to the end because you'll get to hear it. There's peaks squawk box is hosted by. Joe Kernan Becky quick and Andrew. Ross Sorkin tune-in Weekday Mornings on CNBC at six am eastern to get the smartest takes and analysis from our TV show. Right Interiors. Subscribe to slack pod. Wherever you get your podcast we'll meet you back here tomorrow Thanks guys this. CNBC podcast is brought to you by TD Ameritrade. Do you wish you had a second opinion before. Placing trade with a strategy gut check from td Ameritrade trade desk. You'll get a second set of eyes on your trade idea to help you make decisions nations with more confidence. Their team of experts is available to help you weigh the risks and potential rewards. So you understand the INS and outs of your trade to learn more of contact. The trade desk at T._D.. AMERITRADE DOT COM slash trade desk where smart investors get smarter member S._I._P._C...

Jamie diamond Creamer creamer TD Ameritrade Bernie Sanders president Jamie Jamie Wan Joe Becky Andrew Katie CNBC Jamie Dimon Donald Trump Faqih Andrew Swiss Alps Davos Switzerland Joe Kernan Becky Joe Congress Center Switzerland J. P. Morgan Jason
Industry standouts: The companies most admired by the business world

Mac OS Ken

01:48 min | 7 months ago

Industry standouts: The companies most admired by the business world

"All is topped fortunes list of the world's most admired companies. Again taking the top spot for twenty twenty makes this the thirteenth year in a row for the watchmaker service provider and smartphone king also computers and tablets and the list goes on for an astounding thirteenth street. Eight years says fortune and that was all caps apple claims the top spot in fortunes annual ranking of corporate reputation based on the survey of almost thirty eight hundred executives directors and analysts. It's anything but an unlucky number. The streak reflects apples consistent potent performance. It also coincides almost exactly with the life span of the indomitable profitable iphone running down. The top Tan apple was was still number. One Amazon was still number. Two Microsoft is number three up from number six in two thousand nineteen while Disney stayed at number four Berkshire Picture Hathaway was number. Five down from number three last year. STARBUCKS was number six down from last year's number five alphabet stays at number number seven J. P. Morgan Chase number eight up from number nine and Twenty Nineteen Costco Wholesale joins the top ten coming up from number twelve last year and salesforce rounds out the top ten up from number fourteen in twenty nineteen tech names falling off the list of fifty. Most admired companies include Alibaba group holding last year's number thirty four facebook last year's number forty four you're and Samsung Electronics. which was tied for spot number fifty in two thousand nineteen

Microsoft Twenty Twenty Apple Alibaba Group Facebook J. P. Morgan Chase Samsung Electronics. Hathaway Disney
"morgan chase" Discussed on KCBS All News

KCBS All News

01:33 min | 1 year ago

"morgan chase" Discussed on KCBS All News

"Influence. We know that it's P Morgan chase makes the stock exchange. It would have a domino effect. They're hoping chase can promote health without polluting. The air we breathe and the water we drink in San Francisco. Carrie Hodousek KCBI an investigation by a medical news service discovered. An alarming number of medication sold in pharmacies are tainted KCBS Rebecca corral said they contained bacteria, mold glass metal bits even cancer causing chemicals. You'd expect that bottle of pills in your medicine cabinet to actually contain tablets of the antibiotic or blood pressure. Medication your doctor prescribed rather than bacteria that no one knew was there this facility passes inspection in March of two thousand sixteen it had had bacteria in its water system and was making drugs contaminated with that bacteria starting in twenty fifty is our health news correspondent Sydney Lufkin says their investigation blamed among other things sloppy quality control at some manufacturing plants. A problem may. Made worse by plant managers who mislead FDA inspectors are blocked them at the front door. And did you know that there's no way to find out where drugs by popular pharmaceutical companies are actually manufactured where each drugs manufactured, regardless of which brand name drug maker makes it is actually a trade secret eight thousand drug products have been recalled since the beginning of twenty thirteen Rebecca chorale KCBS coming up on KCBS. I'm gentleman at San Francisco.

KCBS Morgan chase San Francisco Carrie Hodousek KCBI Rebecca corral FDA Sydney Lufkin cancer
"morgan chase" Discussed on WAAM Talk 1600

WAAM Talk 1600

11:47 min | 2 years ago

"morgan chase" Discussed on WAAM Talk 1600

"Seatbelt on. And you're trending upright position educate our listeners on what you found out when you got involved in a made off situation because. The lame stream fake media will not go near this. As you already experienced with FOX business news and Maria Bartiromo. Well. The strange thing is that my background is litigation evolving financial institution because of my familiarity with what banks do I don't have a high regard for most major banks. And when I got involved with representing made off victims. I didn't really understand that J P Morgan Chase which was made ops Bank for his investment advisory business. JP Morgan Chase was complicit with Mehta. But of course, if I had thought about it. I would have realized that the person who tipped me off with none other than Bernie Madoff who called me one day on my cell phone collect from his prison, and in the course of a forty five minute conversation. He said to me, you know, J P Morgan Chase knew all along what I was doing. And he said that the bell went off in my head. Because of course, they knew a Bank has the glass bottom boat view of your financial transactions. If you have a checking account, and you deposit, all your income into that thing, and you write out all your checks from that. Thank thank knows exactly what your sources have been come are. And what you do with your money. How you spend it how much of it you save it cetera. And that's the view that J P Morgan Chase had of made up and there are internal chase documents that indicate that in nineteen ninety four. Eighteen years before made off confessed J P Morgan Chase recognized that he was doing illegal things and they didn't close the account down. There's one would have expected. But instead, they just charged him more money. So that gives you an example of how how's the major banks operate? They're not offended by crimes. In fact, their most profitable activities are criminal. But they just want to make sure that they're well compensated for it, and it's very hard for people to grasp this. But those are the people who are going to be the next victims. Helen. Bernie Madoff is in jail as you outlined, but nobody from J P Morgan Chase went to jail for this. Did they know? So then those folks Helen that are saying, well, wait a minute. Helen is a courageous litigator. She's very good at what she does. Why didn't she go after J P Morgan Chase? Helen you did. Did you did? And and this is so off all over the charts. Educate our listeners when you went after J P Morgan Chase. When Bernie Madoff told you, hey, they knew what was going on. They were involved in it educate. Our listeners of what happened. Well, I made off trustee who knew everything that I've just said about J P Morgan Chase J P Morgan Chase. As a Representative of all the customers have made up and that went up to the second circuit court of appeals and the court in its infinite wisdom said to the trustee. This is a nice closet action. But it doesn't belong to US trust. It belongs to the individual investor. So now, I come along representing the individual investors. And I do exactly the same claims that the trustee asserted, but on behalf of the victims the people that the second circuit said have standing to sue. And guess what? My case was dismissed. I went all the way up to the United States. Wait. Wait, wait. What did they wait? How do they dismiss it? All kinds of technical reasons. It's every nonsensical thing you can possibly think of the courts will stand on their heads to figure out a reason to protect major financial institution. And you it's hard to understand what's happened to the court system. But they don't protect honest hardworking people. They only protect large institutions and judges are appointed for life in the federal system. They shouldn't be subject to corruption. You just don't know why this happens, but we don't have a court system which will vindicate individual, right? So Hellemann when people speak about, and I speak about this time that these criminal banking syndicates are too big to jail people. Tell me that I'm unpatriotic that I am denigrating the legal system and the judicial system and that I really need to shut up about this. Because that's not the case. Your take. One of the greatest disservices that Obama and Eric Holder in their regime was this espousing this ridiculous justification for not prosecuting criminal bankers that the banks are too big to fail. So let's let's take J P Morgan Chase, which has two hundred and forty thousand employees. And let's assume that a hundred of the senior officers are actually criminals, they figure out how they can violate statutes criminal antitrust violations. Six live or to fix the foreign exchange rate all kinds of things that where they can make trillions of dollars by doing something criminal and Eric Holder in his infinite wisdom decided that you couldn't prosecute anyone from J P Morgan Chase because they were too big to fail. In other words, out of the two hundred and forty thousand employees if you took five of them and put them in jail, according to Eric Holder. The Bank would. Elapsed. We'll to me that means that he knew that the the the the whole system is dependent upon these criminal bankers who are directing the activities of their subordinate. And the the sad thing about it is a lot of people feel that one of the reasons that we want to prosecute crime is a deterrent well with certain kinds of criminals, the deterrent doesn't really work. If you were drug addict, it it's not going to be much of a deterrent that you'd go to jail if you're caught. But if you are a Wall Street billionaire. And you're put in jail for crimes that you directed your institution to commit that would have such a ripple effect on Wall Street that it would clean up Wall Street overnight, if Eric Holder had simply prosecuted one or two people the average American would be financially better off because they're the ones who are being victimized by that. Helen, if you were made attorney general tonight. And you were going to prosecute one person on Wall Street. Who would it be Jamie diamond? No question about it. CEO of J P Morgan Chase. Yes. What would you prosecute him on Rico? The racketeering statute was enacted in order to be a tool to combat organized crime and Jamie diamond has made a study of organized crime. And he has figured out that they actually had a good concept. The problem was that they didn't bribe enough people to sure their continuity, and the government came down very hard on organized crime families and put the leaders in jail under the Rico statute, congress enable prosecutors to go after somewhat Jamie diamonds level on the theory that a crime was carried out at P Morgan Chase of which he was aware. And that statute is such a valuable tool, it would enable the government to put in jail someone like Jamie Dimon who had to have known after all when when the government settled with all of the banks. It's not just J P Morgan Chase. They were all violating criminal statutes by fixing live or by fixing the foreign exchange rate by defrauding homeowners were just back to home mortgages, they when they were doing this if they had simply prosecuted one or two people at Jamie diamonds level, it would clean up Wall Street overnight. And yet nobody has done this. Nobody in the Trump administration has done it. Nobody in the administration. Did Wall Street has such control over the people who have power in this country that there's no one protecting the average honest hardworking American. Well, we know the mainstream media is protecting every person in our country because Helen you have been featured on what sixty minutes. Nightline twenty twenty the today show. Good Morning, America. The view. CBS this morning, right. You know, when I was putting my book out, and I was recommended to use a publicist, and I had sent the publicist the book, and he called me up. He said Helen this book is unbelievable. I said thank you so much. She said I'm going to get an exclusive with one is a major networks. I said, no, you're not they'll never acknowledge what I say in my book, you said, I I don't agree with you. This is so explosive in it's so heavily details. And so forth are Tatum. I know I can get an exclusive. I said, look, I know you can't. But let's just not waste a lot of time with it takes thirty days. And then come back to me on the thirtieth day. He came back. You said you were right. Nobody will go near you. This. And in fact, when you went on FOX business news, and we've talked about this before reopened to Romo brought you on asked you Helen, what are you working on? And how and said. As a matter of fact, I'm suing J P Morgan Chase. And she said, what are you doing J P Morgan Chase for and I said well Maria the evidence shows that J P Morgan Chase nukes actually will apparently made efforts and they allowed him to criminalise is his investment advisory business for a period of twenty years, and I heard some static. And I couldn't tell what it was. And it was someone yelling in her ear get that woman off. And Maria called what she said was an emergency commercials. Term with which is unfamiliar. But if they could have rejected me out of the forty second story window, they would have and I wouldn't be here to talk to you. Two guys came up to you right on each side. They had the emergency commercial. And I said Maria what happened. Are we going to continue? No, no, no, no. And with that people lifted my elbow and escorted me out of the out of the studio. Okay. How and here comes the turbulence part are you seated and are you have a seatbelt on? And is your trained in upright position. I can't wait to hear this ready headline from zero hedge this is from this week. The CEO of J P Morgan chases who. Jamie Dimon, right. And the one person you would go after to prosecute to shut down. The whole problem would be who Jamie. Don headline. Jamie diamond explains how to fix America in Forty-six pages ready in what CNBC what I call CNBC's describes as the quote second most anticipated CEO.

J P Morgan Chase Helen Bank Morgan Chase Jamie Dimon Bernie Madoff Jamie diamond J P Morgan Maria Bartiromo Eric Holder CEO United States America Jamie trustee ops Bank CBS Don headline Mehta
"morgan chase" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:03 min | 2 years ago

"morgan chase" Discussed on Bloomberg Radio New York

"J P Morgan. Chase Bank America Wells Fargo and much further down. It goes down to, you know, US Bank and. PNC and fifth third and other banks you might think of as regional, but really have you know? Subside run grown into integrate size right because J P Morgan. Chase is at its balance sheet is trillions of dollars Wells Fargo's above trillion dollars. So we're taking down on some order of magnitude smaller than that. But are still very very large banks, and they control about thirteen trillion dollars. Right. Thirteen of the sixteen trillion dollars and these deposits, that's an extraordinary concentration, especially given that the number of institutions we're talking about a couple dozen, right? This changes as banks balance sheets change in size at the margin. But we are seeing financial services dominated by a handful of institutions, and we have not seen that really ever before in our history, including the great merger era late nineteenth century where you saw trusts around sugar oil. Corn harvesting machines right and fill in the blank there. These this is the great trust era. Great consolidation era. But interestingly enough because of the structure of the US political economy banks were extremely decentralized by law each Bank for a very very long time, a Bank couldn't have more than one branch. And even after that was changed in the late nineteen twenties. They couldn't have branching across states, and that wasn't finally abolished where you would have a Bank doing business as its own institution across state lines until after nineteen eighty what about the repeal of Steagall, what did that contribute towards thanks bulking up. I'd say contributed a lot. So this is this is a point of some debate among economic historians. It's correlated right with banks bulking up in in in pretty breathtaking fashion. What some economic historians late. Well, that's correlated, but wasn't caused by this last egos, essentially unrelated to this size now, that's hard. Swallow, at least in the short run after around glass, Glass-Steagall final legislative demise. Because of course, city group become CitiGroup after acquisition city. It'd be the first mega back. And so, but then again, you know, a few years after that that was a pretty disastrous merger. They sold most of their insurance business because the synergies weren't present. And then what becomes really the shining example megabank J P Morgan Chase. And if we were list, all of the names of the banks acquired along the way. Hanover chemical. Absolutely. You know, the Bank for what was Daime diamonds Bank in Chicago. I nationals called and he I believe he was at Smith Barney before that he was a city. He was sandy Weill right hand man in designing the strategy mega-banking strategy. He loses in a power struggle goes to manage his Bank in Chicago comes back in JP, Morgan Chase's acquisition, which was essentially an employment contract acquisition. Jamie Namen become CEO and J P Morgan Chase with help from the federal government embarks on this strategy or just becoming as big as it can be. And so we are truly in an unprecedented era in terms of of banking consolidation. The United States so everybody used to talk about too big to fail. I liked to raise the question have these banks become too big to succeed are they even manageable? When you're running trillions of dollars in deposits can these things be managed and that'll segue, right? Into our discussion of Wells Fargo. Such a great question too big to manage too big to jail too. Succeed. And that the way that you phrased it to succeed is so fascinating because it calls into question the time horizon and the short and medium-term say that we're on on leading into a medium-term from the financial crisis management been good to be Jamie Dimon, right. That is that balance sheet is been mixed. Extremely right fortress diamond is just it's it's unknown assailants. They were very fortunate your financial historian. You'll appreciate this. Most people realize J P Morgan Chase had their own derivatives crisis. But they were let's call it lucky enough or smart enough to have it years before everybody else. So they cleaned up the balance sheet while there was still a bid to hit. When did everybody else? They had nowhere to go. Now. This is another occasion in financial history. That a lot of people don't recognize, and I think this is Tim Geithner's signal contribution to to finance in his career happened before he was secretary of the treasury, and that was in two thousand five thousand seven noting on a spectacular back office problem. Andrew trading. Right. So these are all bespoke derivatives rate, even even if they're not very fancy these pretty plain vanilla. But they all are bespoke because there's no there's no marketplace for them to train on its no exchange for them. And so you would think sophisticated folks in two thousand five we're not talking about one thousand nine hundred five range. So the IT revolution has already taken pretty sure route you'd have some sort of oracle based software system where traders with two headsets on, you know, talking to people released punching them into a computer that would clear it, and we'll be universally access, and you'd think that and you'd be wrong, right? What they were doing. Instead is on scraps of paper with a little golf pencils. Writing down the nature of the trade is. Oh, they were signing a doctor's a prescription handing it back to a runner who would take that piece of paper and put her in the stack. Right. And what Tim Geithner realized even though he had had no supervisory authority over these broker dealers. It's very important point realized that the back office back long was about nine months. Wow. Amazing..

J P Morgan Chase Chase Bank America Wells Fargo J P Morgan US Bank Tim Geithner US Wells Fargo Chicago PNC Daime diamonds Bank sandy Weill CitiGroup Smith Barney golf Jamie Dimon Jamie Namen
"morgan chase" Discussed on KQED Radio

KQED Radio

02:43 min | 2 years ago

"morgan chase" Discussed on KQED Radio

"It's clearly going to. Be a, while before we know what fate in the markets have, in store for tesla and its CEO Elon Musk the SEC is. Investigating Musk's tweet about taking the company private and funding being secured four hundred and twenty dollars a share the company's board is investigating Wall. Street analysts who job it is to. Figure out what tesla is really worth are. Weighing in as well j. p. Morgan Chase said this morning it's not sure deal to take the company private is ever going to happen and it lowered its target price on Tesla's stock from three hundred. Eight dollars a share almost exactly word close today to. One hundred and ninety five, dollars a pop, marketplace Mariel Sagarra has more now on target prices and analysts in today's. Wall Street economy you're an investor you're. Trying? To figure out whether to buy or sell. A certain stock so you look at its target. Price really that's just a prediction by a stock analyst Karen Patru is managing partner at federal financial analytics this is where I. Think the stock is going to be. Day by the end of a quarter based on Everything I know. Now everything, I see a head if an analyst thinks a stock, will hit one hundred bucks but right now it's sitting at fifty. That's a cute to buy analysts predict how high or low stock is going to go by doing some good old fashioned number crunching Sally. I'm over at Cornell says they start. With the basics like pouring over a company's. Financial statements what's kind of cash flow is the company is generating what kind of business strategy it has if the market share stable if it's growing analysts also consider the health of the industry and macroeconomic. Factors like interest rates and then they have conversations with. Investors truth is there is, no exact formula, Jeff mills is an investment strategist at PNC not every analyst is going. To come to the same conclusion about. A? Particular stock and that's why some people by. Shares in some people sell shares of the same. Security mill says price targets Ken move markets especially if they come from an analyst with a good track record Maryelle Zegarra for marketplace It is today in this economy is one might assume it would be given the housing crash, of a decade ago somewhat more difficult to get a mortgage than it used to be a lot of people being people still. Want to buy houses so what do you do you think Renta own as part of our project on the ten years, since the financial crisis which we. Call, divided decade marketplace Amy Scott looks at rent to own helping to stabilize a Cleveland neighborhood one house at a time driving around. Slavic.

analyst tesla Elon Musk Mariel Sagarra Morgan Chase CEO SEC Renta Cleveland Jeff mills Amy Scott Maryelle Zegarra Ken Karen Patru Cornell Sally financial analytics PNC
"morgan chase" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:45 min | 2 years ago

"morgan chase" Discussed on Bloomberg Radio New York

"Deal and each or we're going to price it and you're going to get the lowest possible price and lawsuit says well they didn't do that the market became so big that they started relying on ruble robo resetting and just across the board and saying here's what this is here's what this is and so this lawsuit turns on language if you will okay so what's what's the material difference between going through accused by how much did some of these municipalities potentially lose as a result well this lawsuit was filed mellon just on behalf of illinois tom suit so you can do that and this suit alleges that the years between two thousand nine two thousand thirteen where the whistle blower analysis be state and its various issues lost three hundred and forty nine million dollars if she can trouble so that's a billion dollars and you would imagine and i've seen that there is another one of these lawsuits filed under seal in massachusetts in case you were wondering that there are many states where this kind of thing can be filed by whistleblowers and it's going to be a real mess just real quick which banks on the hook potentially well you know you're you're very top you know j p morgan chase barclays b m o very the very top banks in remarketing which are also the you know top bank city group like that joe can you explain a little bit more about how the variable rate municipal bond market works because it has to do with when these rates are when they change and i want to know one when they change but when they do so that gives whoever had previously purchased those bonds the opportunity to sell them back to the banks that sold them in the first place and those banks by the way and maybe i'm wrong here but are they getting paid by the issue is by the municipalities in order to provide that service you pay a regular fee remarketing asian it's not lot it's like ten basis points but you pay the the regular fee and you know how do they work most of these are put able back to the issue or on a weekly basis and what are the allegations in the lawsuit is that the marketing agencies agents kept the yields artificially high in order that they would never have to actually go into the remarketing business.

illinois massachusetts joe tom suit forty nine million dollars billion dollars
"morgan chase" Discussed on The Majority Report with Sam Seder

The Majority Report with Sam Seder

01:38 min | 2 years ago

"morgan chase" Discussed on The Majority Report with Sam Seder

"Now if you think or actually increase their leverage reduce their leverage requirement if you think that city group and jp morgan chase are wildly over capitalised and need to to be unshackle to take on more risk than that's what you're voting for in this bill that that that that citigroup and jp morgan chase should have the opportunity to make their case that they should be able to load up on more wrist uh uh in in the financial system the other piece that uh citigroup there's been lobbying for which they did get is a little more technical but it allows them to use uh municipal bonds to cal as as highly liquid assets in case they do get into trouble uh they could they they can count them under what is called the liquidity coverage ratio and uh that's supposed to be a test of how many liquid asked that you have if you do run into a crisis and these are liquid assets you can write that lost very quickly and easily uh any bonds are very thinly traded difficult to trade them uh and the idea that are liquid assets is very dubious and this also shrimp particularly in particularly in the instance if there is a cynic crime exciting crisis the idea you're going to sell those merely bonds and so the people i understand basically th this is due to the two things that are going on here it's basically like saying um uh you know.

citigroup jp morgan jp morgan chase
"morgan chase" Discussed on KQED Radio

KQED Radio

02:06 min | 2 years ago

"morgan chase" Discussed on KQED Radio

"Bank jp morgan chase their branch here is part of their private client brand that caters to rich people this is the part of chase that helps clients preserve their wealth that's what their website says you can also get a mortgage or line of credit here aaron tries to go up to the forty floor but he can't get past the security guards are we just suggest you go online to see if you can air and asked the guards if they call the branch manager they said no ablaze now dr vicki warding chasers not a bank this is a banker but this location shows up in a federal database of bank branches chase told the fdic that yes it was a branch but when chase me in a list of branches for the regulators who enforce the community reinvestment act the same building in philly had disappears air stepped outside jp morgan chase on a forty seven four vis skyscraper in its documents to the federal regulators were supposed to make sure that it serving people in the communities where it's located it's pretending that it's not here the community reinvestment act says banks only have to lend in low income communities if they have a branch in a city that takes deposits and since chases only outpost in philadelphia won't take deposits that mean the bank doesn't have to lend in lowincome communities here chase is exploiting a loophole in the law that allows them to avoid scrutiny of regulators so what's the result of that lack of scrutiny we looked at the data and it showed us jp morgan chase helped seven hundred forty five people by homes in philadelphia over five years but just fifteen of those borrowers where african americans so in philadelphia the biggest bank in america mostly lands to wealthy white people you reach out to jp morgan chase but no one would talk to you right company santa statement it didn't dispute the fact that chases almost exclusively lending to white people in philly but it.

jp morgan fdic jp morgan chase philadelphia aaron dr vicki philly america five years
"morgan chase" Discussed on Reveal

Reveal

01:56 min | 2 years ago

"morgan chase" Discussed on Reveal

"There branch here is part of their private client ran that caters to rich people this is the part of chased that helps clients preserve their wealth that's what their website says you can also get a mortgage or line of credit here air and tries to go up to the fortyseven floor but he can't get past security guards our just suggest you go online to see if you can make it air aaron asked the guards if they'd call the branch manager they said no no glorious now the bank jp morgan chase is not a bank this is not a banker but this location shows up in a federal database of bank branch chase told the ft i see that yes it was a branch but when chase me in a list of branches for the regulators who enforce the community reinvestment act the same building in philly had disappears air stepped outside jp morgan chase on a forty seven four of the skyscraper in its documents to the federal regulators who were supposed to make sure that it serving people in the communities where it's located it's pretending that it's not here the community reinvestment act says banks only have to lend in low income communities if they have a branch in a city that takes deposits and since chases only outpost in philadelphia will take deposits that means the bank doesn't have to lend in low income communities here chase is exploiting a loophole in the law that allows them to avoid scrutiny of regulators so what's the result of that lack of scrutiny we looked at the data and it showed us that jp morgan chase helped seven hundred forty five people by homes in philadelphia over five years but just fifteen of those borrowers were african americans so in philadelphia the biggest bank in america mostly lands to wealthy white people you reach out to jape.

aaron jp morgan chase philadelphia philly america jape five years
"morgan chase" Discussed on WCPT 820

WCPT 820

02:35 min | 2 years ago

"morgan chase" Discussed on WCPT 820

"Military or an officer would do we spent a lot of time taken care of the troops because the troops make the mission happens so this was really just a natural followon to my military career and the truth be told i'd still be in the air force if if they let me but i kind of timed out there okay um now operation home frein how long have they been around operation over and has been around uh for about ten years and it started out very small uh and it's grown to be a a uh national organization with a national footprint right you're based on of san antonio i believe he our operations uh um headquarters is in san antonio and our national headquarters or their ceo is in washington dc got it okay do you receive a majority of of your funding from a majority of our funding comes from a corporate partners and foundations and then uh with about a half coming from individual donations uh really that uh 25 dollar a donation uh from individuals while uh i see that you mentioned partners i see that you have jp morgan chase you have wells fargo a couple of other a home depot the home depot foundation is part of this as low that's right there uh we have some great partners there is a uh a huge amount of support for a veteran community out there in uh in corporate america home depot he's a wonderful wonderful partner the fund are uh home repair uh program where we assist uh veteran families who uh who need a little help with a home repair a walmart is a huge partner uh they donated five hundred thousand dollars tests just recently to help with uh some of the veterans in fact impacted by uh other hurricanes uh last year jp morgan chase is absolutely huge uh they donated a tremendous number of homes to us uh uh i it should be a little over five hundred fifty by the time the program uh wraps up a net last year or you know our current um uh agreement with them and uh they they donate homes and then uh uh once we accept the homes uh from them uh they will invest another other 35000 on average and making sure the home is is uh.

officer san antonio ceo partner walmart jp morgan chase washington five hundred thousand dollars 25 dollar ten years
"morgan chase" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:09 min | 2 years ago

"morgan chase" Discussed on WAFS Biz 1190

"Jp morgan chase have decided to come together so amazon is partnering with a buffett's berkshire hathaway and with jp morgan chase they're creating a third i'm sorry a fourth company that all three of them have a stake in to create health care for their employees so for right now they're starting with something they can provide for their employees to make sure it essentially a form of insurance that they can provide directly to their employees that will be more costeffective and get better healthcare to their people and they are saying quite clearly that while this right now they're this is super early stage all they've done right now is they don't they haven't even given the company and aim yet the new company they've appointed each company is appointed someone to go work on this and to figure out how to do it and but these guys on mess around you know i mean so but so they've said while this is something that for the foreseeable future for right now it's only going to be for their employees they have also said chad quite clearly that this is something that they think longer term will be available i'll give you a quote here jamie diamond said this is a quote the three of our companies have extraordinary resources if they do and our goal is to create solutions that benefit our us employees their families and potentially all americans so there you go they have quite a large number of employees between the three of them i had the number here somewhere it on efforts rate in front of me now but uh many many thousands of people work for them and they had eight hundred forty thousand global employees between them as of one year ago and that doesn't say how many are us and how many are the rest of the world but that's a lotta pete's i think they also say that taking those people and providing them more affordable even just starting with that group of people could potentially help all americans that they bring the costs down for their companies which provide quite a bit of service for the rest of us then they don't have to pass that costs on to us as customers could be just helpful to the economy overall but i think that they are also suggesting that if they can figure this out that they.

Jp morgan chase buffett berkshire hathaway chad jamie diamond us amazon one year
"morgan chase" Discussed on LA Talk Radio Channel 1

LA Talk Radio Channel 1

02:25 min | 2 years ago

"morgan chase" Discussed on LA Talk Radio Channel 1

"The world is yours sweet that's the name of his book world is yours secret to secret very very very interesting information so in this book big brother curtis lee thomas rope he talks about how jp morgan jp morgan chase just that that little banking company you know it is worth your home like hundreds of billions of dollars yeah that just that little that small that small company chase jp morgan chase you may have heard of them you may have an account with them you've definitely done business with them at some point whether you are aware of it or not jp morgan says in an interview he goes i guess the interviewers says there's been some rumors vet you use astrology to help navigate your business decisions in his response was yes i do use astrology and she said well how has that worked for you and we'll know she said something along the lines of like how how do you use the astrology to benefit your business he could have avoided that question earlier avoided the voyage avoided answering the question but his response was like ten times better instead of actually answering her question directly he had an indirect answer any set he said this he says millionaires don't use astrology billionaires do but it's bad right think about the jp morgan chase is talking about over a hundred years ago using astrology using astrology to navigate your business right he says millionaires don't use astrology billionaires do interesting stuff so that means that.

jp morgan chase jp morgan hundred years
"morgan chase" Discussed on WAAM Talk 1600

WAAM Talk 1600

02:55 min | 3 years ago

"morgan chase" Discussed on WAAM Talk 1600

"That i have the resources to hold j p morgan accountable so other widows who don't have the same resources will be better protected in the future and quote i'd like to think that mishap her uh listens to the show she's from dallas we have a big contingent of folks that listen to the show from dallas actually interesting the analytics showed that there are singlegreatest site and the united states that listens to this show is in los angeles in beverly hills shocking isn't it not the state of michigan but the largest population that listens to this show is in california in in particular los angeles in beverly hills followed by michigan followed by texas which to me wasn't surprising led by dallas in in the city of austin but interesting so i'm hoping this hopper is one of our listeners in the dallasarea but again one of these brushfires the hopper family took on the almighty cheney time jp morgan chase in nailed him for 4 billion it's a start we're not at the vietnam level yet but it's a start as you know our free to bunkers base in the people's republic of ann arbor and for years i've said the obama is a puppet of the global she's owned by the criminal banking syndicate in oh my oh the outrage of the people from the people's republic of ann arbor michigan oh you are so wrong obama does not like the bankers and bay hate him they they despise him my question we widely despised them because the obama administration everson a banker to jail that let alone at test sentence like they do in vietnam now obama's he's all by these uh not up well it appears i was right and the people in the people's republic of ann arbor have yet again been shown to be delusional headline obama goes full clinton foundation was series of four hundred thousand dollar wall street speeches this from zero hedge for a man who once criticized the clinton foundation for taking millions of dollars in donations from wall street fat cats obama seems to be in a rush to replicate the lucrative clinton scam v his own obama foundation that special goes on last month just before her book what happened was published barack obama spoke in new york to clients of northern trust corp for.

vietnam northern trust corp clinton obama administration ann arbor cheney michigan new york barack obama clinton foundation dallas everson jp morgan chase austin texas california beverly hills los angeles united states four hundred thousand dollar
"morgan chase" Discussed on 99 Percent Invisible

99 Percent Invisible

01:51 min | 3 years ago

"morgan chase" Discussed on 99 Percent Invisible

"Together current by g and jp morgan chase are transforming by using sensors to make businesses more am for jays customers that santa confusing because you don't have all the information if you want to harness of the hidden potential in your building you need current by g e to gather that information and make decisions so picture this lighting is already everywhere so current by ge piggybacks on that existing infrastructure adding sensors to light fixtures that can collect all kinds of data about the building then they analyze at data to uncover new information to make things run more efficiently like selectively them in the lights in certain areas or controlling the airconditioning the lighting system becomes the nervous system of a building with current by ge jp morgan chase is reducing their branches consumption of light related energy by more than fifty percent that's equal to taking twenty seven thousand cars off the road every year to learn how to capture value hiding in the walls and floors and ceilings of almost every type of building guti current by g dot com r female dancing benes races are male dancing lebanese that we made the decision that they're wearing the exact same add fat men get the skimpy leotard just like the ladies really gender a lot of it is a social construct and if we're trying to be more universal um it's it's sometimes good to eliminate some of the social construct so doesn't feel super resin at for one culture over another yet also i just have to say that the men in dancing men with buddy years one of my favorite emojis at this point but neto i love that we capped the man wearing a little a little leotard instead of putting shorts on him that was one of the best moments in my career at kidding cash but i but i do think it's great i do think it's a great decision amid.

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"morgan chase" Discussed on KBNP AM 1410

KBNP AM 1410

02:04 min | 3 years ago

"morgan chase" Discussed on KBNP AM 1410

"Sixty eight sixty five a few or flights were on time and consumer complaints about the airlines were on the rise in the month of may the transportation department says seventy nine point one percent of flights on the twelve largest us airlines arrived on time in may down from eighty three point four percent in may two thousand sixteen alayan airlines had the best rating followed by delta alas scott sky western united virgin america was last there were 27 ground the laser more than three hours which could subject the airlines defines most ron single stormy day in philadelphia the transportation department log 1200 62 consumer complaints about the us airlines up fifty four percent from may two thousand sixteen heath peters wash china's says the body of imprisoned nobel peace prize laureate lose your bow who died this week after battle liver cancer has now been cremated confirmation came from the government and city of shenyang in northeastern china that's where lee you had been being treated to a died this week more from townhall dot com after a disappointing secondquarter earnings for jp morgan chase company's ceo fabi diamond told reporters yesterday at a conference call that economic growth is being stifled right now by gridlock in the nation's capital it will be what global role at we may all ginned and whether or not gridlock and pull pointed out be on the record in poldhu good on we are unable to will unable airport or entity in the night wait wait diamond is a member of the president's business advisory council jp morgan chase posted record seven billion dollar quarterly profit still fell short of wall street expectations of marijuana dealer gave lisa grisly account of killing forbid on his family's farm according to court papers cosmo denardo said he crushed one of them was abaco after a shooting him and tried to set three of the bodies on fire the bodies were later found by cadaver sniffing at leash dogs more these stories a town hall dot oh the most dangerous day for a baby.

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"morgan chase" Discussed on Software Engineering Daily

Software Engineering Daily

01:43 min | 3 years ago

"morgan chase" Discussed on Software Engineering Daily

"So v views unsupervised learning to solve latch onto an extrapolate the l any any new pattern that vse away so there ththey a pieces over here the first one is anomaly detection the judge is basically be behalf baselines monthly baselines for you know what fractional for use obese is signing up with let's say votes fogle bank accounts awad fraction overuse of easa signing up with the jp morgan chase carried cards or what fractional use abuses using a phone provider of it is verizon and then any given v we also look at okay what fraction of uses that signing up with these things right so you can any given be we see an anomalous behavior then compared to the monthly baseline than we know that there is something odd maybe us cameras have purchased a stolen credential dealer be solved jp morgan chase cards are bank of america are you know the stolen using impasse was over eisen accounts right so then be immediately present does users who have signed up in that the door analysts within quickly go in and take a look at them look at good bad good bad advice with illegal them right so this unsupervised approach allows us to extrapolate any new pattern via seeing not knowing whether that pattern is good or bad begun regan presented draw endless to label it further and the second piece of the puzzle here is that elite user detection so there's a need to be says to that so that he the first one as deterministically in the second when it's provide ballistic so the deterministically one is basically if our analysts the eu's this expands on they say this account as bad and the bannet.

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"morgan chase" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:25 min | 3 years ago

"morgan chase" Discussed on Bloomberg Radio New York

"We have jp morgan chase bank of america both indicating trading revenue is on pace to fall in q to by at least at least ten percent the sp financials index was down one percent dow sp nasdaq each lower by one tenth of one percent or less bloomberg dollar spot index is now flat we had been weaker to the tune of a minus two tenths of one percent in new york and the us 10year treasury right now with a yield of to twenty one also want to let you know that in a short while from now we're going to get the china satian manufacturing pm i after the manufacturing numbers yesterday the official reads were slightly better than estimates and the offshore currency right now trading six point seven six against the dollar brian to you all right thanks very much well as you mentioned is sort of one to punch on the banks and their shareholders i a warning from jp morgan chase about a revenue declined the bank saying that revenue from trading businesses dropped about fifteen percent so far this quarter from a year ago and bank of america followed close behind with its forecast for a revenue drop in its trading business bloomberg's taken campbell says the lack of volatility in the stock market is hurting their trading businesses acquired there's a lot of uncertainty out there whether it's upcoming european elections or the potential for donald trump here in the us tax reform that's bloomberg's day can campbell reporting and stay tuned because bloomberg will be sitting down in a few short minutes with morgan stanley ceo james gorman in beijing are also watching the yuan after a surge in hong kong yesterday bloomberg's yvonne nannies tracking the movements watch for volatility in china's yan that's according to currency watchers including is on ijaz head of ethics and fixed income strategy at macquarie he tells me chetta's new addition of what it calls a countercyclical factor to the daily fixing could end up adding to the currencies volatility after causing initials strength you get savings and then all of a sudden it safe the the perceived value you make changes mechanism the stability what you might get longer than anything in self moves every now and then the show again jumped yesterday as funding costs surged on speculation policymakers were supporting the currency.

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