Washington Mutual

branches of Washington Mutual that J.P. Morgan was already settled and successful in. Sidel, Robin, David Enrich, and Dan Fitzpatrick. "WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History." WSJ. Wsj.com, 26 Sept. 2008, 25 Nov. 2016. Sidel, Enrich, and Fitzpatrick discuss what lead to the collapse of Washington Mutual back in 2008. Leading up to the collapse of Washington Mutual, the downfall of the housing market was impacting the mortgage portfolios of Washington Mutual

1. Form my understanding the Washington Mutual Mortgage scandal, the banks were leading out more money to people that could not afford the loan was an everyday occurrence. In this case it really shows that a lot of the time doing the wrong thing can be a lot easier than doing the right thing. When you really don’t have to look at credit scores, and it is a lot easier to give someone something they want when really they can afford. Darley points out when this is a daily happing and the boss tell

FACTs of WA-MU Washington Mutual Bank, aka WA-MU, was organized in September 1889 to help provide funds for rebuilding Seattle after the great fire. Washington Mutual became the largest thrift in the US, and one of its largest banks. From that beginning, Washington Mutual has grown into financial services company that offered services in mortgages, credit cards and retail landings. “But if

This publica ation may not be digitized, photoco opied, or otherwise reproduced, poste or transmitted, w ed, without the permis ssion of Harvard Bu usiness School. 209-093 Washington Mutual's Covered Bonds the pool; an investor in a covered bond had recourse to the issuer, as well as a claim that was secured by the mortgages.2 The mortgages collateralizing the covered bond were called the “cover pool”. Covered bonds were

as classic but it will count as epic in the history books when all is said and done. I am referring to the negotiation between the U.S Justice Department and JPMorgan Chase. The fines stem from illegal actions taken by JPMorgan Chase and by Washington Mutual (a bank purchased by Chase in 2008) and Bears Stearns (purchased by Chase in 2008). The government investigated so-called “toxic loans” made by all these companies prior to the 2008 financial crisis. They provided loans to people who could

Case Study Migration Project J.P. Morgan Chase Yaritza Tejada November 23, 2014 Monroe College MG-201 Research Methods • Interview-Branch Manager and Assistant Branch Manager (names listed in references) • Internet research (websites listed in references) • The History of JP Morgan Chase book • Notes Case Study Migration Project J.P. Morgan Chase & Co. HISTORY Since 1799, J.P. Morgan Chase has been a leader in finance. It is one of the world’s oldest, greatest and known financial institutions

Glass-Steagall and the Financial Crisis In May 2012 JP Morgan Chase and Co. stated to the public a 2 billion dollar trading loss, although evidence shows that the loss was far greater. A trader out of the London branch of JP Morgan and Chase Co., Bruno Iksil, dubbed “London Whale,” had been accruing a huge bet on U.S. corporate bonds based on a flawed derivative or algorithm. He was so confident in his bet that he sold his Credit Default Swaps (CDS), based on his hunch, which is similar to insurance

2010-2016: A Study of the Dodd Frank Act’s Role in a Slow U.S. Economic Recovery After the 2008 Financial Crisis The role that the Dodd-Frank Act plays in the slow economic recovery from the 2008 financial crisis has many aspects. The regulatory and compliance component of the law helped to contribute to the slow economic recovery by adversely affecting the banking industry’s ability to provide credit specifically the community banks, ability to provide enough credit to the small business and start-up

Summary: ● Release: JPM released 2015 3Q earnings on 10/13/15 at 4:00 PM ET ● Earnings: JPM missed on earnings as they reported an adjusted EPS of $1.32 per share versus the consensus estimate of $1.38 per share ● Revenue: Revenue of $22.7 billion missed estimate of $23.8 billion due to lower CIB Markets revenue and lower Mortgage Banking revenue ● Stock Price: JPM was down $0.25, or 0.41%, to $61.30 as of 4:32 PM ET 10/13/15 in after-hours trading JPM Stock Falls on 2015 3Q Revenue Miss: JPMorgan

JPMorgan Chase has grown stronger and stronger over the course of the last decade. It is an exceptional company with an extraordinary heritage and a promising future. Throughout a period of profound political and economic change around the world, the company has been steadfast in the dedication to the clients, communities and countries it serves while earning a fair return for our shareholders. 2016 was another breakthrough year for JPMorgan Chase $ Co. The company earned a record $24.7 billion