Despite several attempts at consumer-friendly financial reform, banks are still unilaterally changing their contracts with consumers and taking their money.
Tag: Banks
Investment Property Financing
Don’t speculate on rising home values, speculating is not investing! “Lots of people made Lots of money this way during the housing boom
Investing is accepting some risk in order to get returns on your investment.
By taking control of your deals and structuring them so you have built-in equity or positive cash flow when you buy will greatly increase your odds of success.
Bank Order Led to Losing Trades
J.P. Morgan’s Efforts to Shield Itself From European Market Fallout Prompted Disastrous Bets
J.P. Morgan Chase & Co. told traders several months ago to make bets aimed at shielding the bank from the market fallout of Europe’s deepening mess. But instead of shrinking the risk, their complicated bets backfired into losses of as much as $200 million a day in late April and early May, people familiar with the situation said.
JPMorgan reveals shock $2bn trading loss on investments
JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (£1.2bn) on complex investments made by its traders.
Central banks join forces to ease financial strains
Some of the world’s biggest central banks have announced a programme of co-ordinated action designed to support the global financial system.