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Obama to Unveil Foreclosure Plan, Banks Halt Foreclosures
The Obama Administration is getting ready to unveil a new $50 billion+ plan to halt home foreclosures and to help struggling home owners get lower monthly payments to avoid foreclosure. In 2008,...
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RBC buys JPMorgan Chase investment adviser division
Canada’s largest bank, the Royal Bank of Canada (RBC), has announced it would acquire New York-based JPMorgan Chase & Co.’s U.S.-based investment advising business division. No terms of the deal...
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JPMorgan Chase Says It Had No Duty to Mitigate Madoff Fraud
Bernard Madoff, the disgraced investment executive responsible for the biggest ponzi scheme in U.S. history, kept his client’s capital at the financial intermediary JPMorgan Chase. A recently filed...
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