Council Wants Banks to Describe Efforts Made in Poor Areas

The city currently deposits money at 31 banks — among them JPMorgan Chase, Citibank, Bank of America, Capital One, Deutsche Bank, HSBC and Wells Fargo — chosen for their financial soundness and ratings by federal and state agencies.


JPMorgan has $2 billion trading loss, reputation hit

JPMorgan Chase, the largest bank in the United States, said yesterday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.


Legislation would cut taxes for companies that move jobs to US

The bill, introduced by Congressman Bill Pascrell, D-N.J., and Sen. Debbie Stabenow, D-Mich., would provide a 20 percent tax credit to U.S. companies that bring jobs and business operations back to America, while ending tax breaks for companies that send


Florida foreclosure case could slam banks

The court is deciding whether banks who used fraudulent documents to file foreclosure lawsuits can dismiss the cases and refile them later with different paperwork.


Goldman CEO cited by NY lawyers in wiretap flap

Attorneys for a former Goldman Sachs board member accused of insider trading say recent testimony by Goldman's chief executive supports their bid to eliminate the only wiretap recording of their client that relates to claims that he shared secrets wi


Goodwin Procter expands private equity practice

Nissan and Nugent have represented clients across a broad spectrum of sectors, including the manufacturing; entertainment; Internet; technology and software; consulting; and product distribution industries.