20 minutes ago
Wednesday, May 23, 2012
Sunday, May 13, 2012
JP Morgan's Two Billion Dollar Loss
Chase CEO Jamie Dixon admits to a "flawed, complex, poorly reviewed, poorly executed and
poorly monitored" trading strategy that lost 2 billion dollars. What's truly frightening is that the losses were a result of derivatives
trading. If that sounds familiar, it should. Derivatives trading is what triggered massive financial losses and wiped banks off the planet during this financial crisis. Are we doomed to repeat past failures?
Wednesday, May 2, 2012
Huntington Bank Joining With Meijer To Add 100 Branches
Huntington Bank is continuing its aggressive growth in Michigan. Last month, Huntington acquired 15 Fidelity Bank branches in Michigan. And today, Huntington announced plans to open branches in all 100 Meijer stores, more than doubling their current offices. The full service branches will be open 7 days a week, with the first 20 slated to open this year. Huntington implemented a similar plan in its home state of Ohio, opening more than 100 branches in Giant Eagle supermarkets.
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