Tag:
Credit Losses
Latest Headlines
Latest Headlines
Costs of foreclosure fiasco rising fast
So how much has the foreclosure fiasco cost the top banks so far?
There are many ways that bad mortgages and the fallout have generated costs, and Bloomberg has done us a favor by tallying them up and concluding that the top five have so far lost $65.7 billion. Bank of America has lost $39
JPMorgan earnings, big upside surprise
For the second day in a row, a big bank has confirmed how hard it is to predict bank earnings right now. JPMorgan posted a .28 per share profit vs. expectations of about .04 a share. This despites some big hits--one related to TARP repayment, the other related to the FDIC's special assessment. Inv
