Archive for the 'JPMorgan Chase' Category (Chronologically Listed)

Banks Abandon Plan for Super SIV

Citigroup, Bank of America, annd JPMorgan Chase abandon their plan to create a 100 billion dollar super fund designed to unblock the credit markets.

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Posted by Ryan Fiore on Dec 21 2007 under Bank of America, Citigroup, JPMorgan Chase, Mortgage Lending





Treasury Secretary Henry Paulson Supports Banks’ Steps on Subprime Debt

Today Treasury Secretary Henry Paulson commended some big banks that have made efforts to bring off balance sheet investments tied to their subprime mortgage loans back onto their books.

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Posted by Ryan Fiore on Dec 17 2007 under Bank of America, Citigroup, Henry Paulson, JPMorgan Chase, Mortgage Lending





Citigroup, JPMorgan Chase, & Bank of America Help Design $100 Billion Fund

Wall Street Journal reported today that Citigroup, JPMorgan Chase, and Bank of America, the three largest US banks with the backing of the US Treasury Department, have agreed on the structure of a 100 billion dollar super fund designed to help unblock the credit markets.

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Posted by Ryan Fiore on Nov 12 2007 under Bank of America, Citigroup, Housing Market, JPMorgan Chase