What Congress and the SEC need to know about Chase Bank
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Chase settles
fraudulent marketing case in Wisconsin, after 14 months and
paying more than $50,000 1n legal fees to block discovery
requests. In May, the bank and its attorneys reneged on a
$5,6000 settlement offer, opting instead to turn over
confidential information that hundreds of customers were cheated
at the Downtown Milwaukee Branch alone while former manager Jeff
Childs was in charge. Childs, a former furniture salesmasn who
no longer works as manager, says his new job as commercial
banker was a promotion.
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JPMorgan Swap Deals Spur Probe as Default Stalks Alabama County
By William Selway and Martin Z. Braun
May 22, 2008 --
(Bloomberg) -- As nighttime temperatures plunged in
Birmingham, Alabama, last October, Dora Bonner had a choice:
either pay the gas bill so she could heat the home she shares
with four grandchildren, or send the Birmingham Water Works a
$250 check for her water and sewer bill.
Bonner, who is 73 and lives
on Social Security, decided to keep the house from freezing.
``I couldn't afford the
water, so they shut it off,'' she says.
Bonner's sewer bills have
risen more than fourfold in the past decade. So have those of
others in Jefferson County, which has 659,000 residents and
includes Birmingham, the state's largest city.
What's threatening to
increase them even more isn't the high cost of treating waste;
it's the way county officials chose to finance the $3.2 billion
in debt they took on to build a new sewer system. The county
relied on advice from a bank,
JPMorgan Chase & Co., to arrange its funding, rather than
use competitive bidding.
MORE
Former Downtown Milwaukee Chase Bank manager Childs explains why he stands by his false affidavit statements
Quarles & Brady lawyer wrote false statements into affidavit, Childs swears
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Watch the 55-minute deposition (171 MB download)
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May 23, 2008
Google News Alert for: JPMorgan
Bear pair go after just weeks at JPMorgan
Financial Times -
London,England,UK
Two senior Bear Stearns executives who went with great
fanfaremoved to senior positions at JPMorgan Chase just
weeks ago are leaving the bank. ...
See all stories on this topic
JP Morgan Fires 200 Executives to Counter Business
Slowdown ...
TMCnet - USA
JPMorgan Chase & Co (JPM) is down nearly 2% in morning
trading following reports that at least 200 executives, mostly
junior bankers, are being fired today ...
See all stories on this topic
URS To Present at the JPMorgan 3rd Annual Basics &
Industrials ...
Ad-Hoc-News (Pressemitteilung)
- Germany
URS Corporation (NYSE: URS) today announced that the Company
will present at the JPMorgan 3 rd Annual Basics &
Industrials Conference in New York City on ...
See all stories on this topic
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The non disparaging latest video explanation of why Chase Bank refused to return fees repeatedly and wrongfully siphoned from elderly customer's accounts
Former Downtown Milwaukee Chase Bank manager Childs explains why he stands by his false affidavit statements
Quarles & Brady lawyer wrote false statements into affidavit, Childs swears
__________________________________________
Watch the 55-minute deposition (171 MB download)