Actual headline: JP Morgan: It Could’ve Been Worse “JPMorgan’s Jamie Dimon seemed relieved, but issued a cautious outlook for the year. ‘Our lower quarterly results were affected by the investment bank’s markdowns in subprime-related positions and weaker trading. In addition, our consumer home equity and subprime loan portfolios performed worse than we expected,’ he said. ‘If the economy weakens substantially from here-for which, as a company, we need to be prepared-it will negatively affect business volumes and drive credit costs higher.'” [Forbes]
- well that's settled Morgan Stanley To Pay $2.6B To Settle Charges Of Selling Troubled Mortgages Leading Up To The Financial Crisis
- bursting bubbles Banks Can’t Get Away With Horrible Mortgage Practices Anymore, So Now They’re Doing It With Car Loans
- paying the price CFPB Orders Subprime Credit Card Company To Repay Consumers $2.7 Million After Charging Illegal Fees
- signs of the time Why Are Some People Having A Harder Time Paying Off Car Loans Post-Recession?
- loans for everyone Wells Fargo Sued In Illinois For Allegedly Pushing Mortgages On Borrowers Who Couldn’t Repay