Jamie Dimon

The nation's largest banks said Monday that they will make available some of the billions they received in a government bailout, but critics said the institutions have not lent money swiftly enough or disclosed key information about what has happened to...

Here's some good news for homeowners facing tough financial times: You no longer have to miss two to three months of payments before your mortgage company can modify your unaffordable loan terms. Starting immediately, Fannie Mae - the mortgage giant with...

WASHINGTON — President-elect Barack Obama's preinaugural "honeymoon" could turn into a major headache. Unlike those preceding him in office, Obama is being forced into swift action on the economy with a financial crisis and the specter of recession...

The Bush administration plans to spend as much as $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government...

Washington Mutual, one of the country's largest banks, collapsed yesterday because of its bad bets on the mortgage market. Washington Mutual was seized by the Federal Deposit Insurance Corp. on Thursday, and then sold the thrift's banking assets to...

A sweetened offer for investment bank Bear Stearns Cos. on Monday appears to cinch JPMorgan Chase & Co.'s stunning buyout of the battered Wall Street giant with Federal Reserve backing. While lawsuits are likely to continue, the higher bid was aimed at...

It was not the four years he spent as a bank executive a decade ago that won William Daley his new job as Midwest chairman of J.P. Morgan Chase & Co. Daley's corporate savvy, political experience and Chicago connections prompted the bank to recruit him...

Bank One Corp. has shed another 2,282 employees since October, the bank disclosed today, or 3 percent of its workforce. And its cost cutting is falling to the Chicago-based bank’s bottom line. The bank recorded in $765 million operating income today,...

Seven years after making national headlines for charging customers to talk with its tellers, Bank One Corp. is scrapping its controversial $3 teller fees here as part of a broad strategy to win back disgruntled Chicago-area customers. Bank One will...

Rugrats have a new reason to nag their parents for more stuff: It just might get them to Disney World. Chicago-based Bank One Corp. on Tuesday officially launched its co-branded rewards credit card with Walt Disney Co. and Visa International, the...

Monday's events at McDonald's Corp. are a wake-up call for companies without second-in-command executives. Most corporate boards have contingency plans for the sudden death or disability of a chief executive, such as tapping a senior board member as...

Rev. Jesse Jackson urged African-American entrepreneurs to elevate their sense of entitlement in building wealth as he encouraged corporate America to strengthen its commitment to providing economic opportunities for minorities during Wednesday's...