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Three major U.S. financial institutions have announced they will halt foreclosures after coming under intense pressure from U.S. politicians on Wednesday to do something to help U.S. citizens weather the financial crisis. Citigroup announced it will be...

J. P. Morgan Chase & Company has announced that it will make its own contribution to stemming the tide of foreclosures sweeping the country by modifying around $70 billion of its owned mortgages that are in or nearing default. The bank's efforts will focus on restructuring loans for borrowers who are at risk of foreclosure and it has placed a 90 day moratorium on all foreclosures in order to put guidelines for its program in place. The company will hire and train an estimate 300 additional...

JPMorgan Chase has acquired Washington Mutual , a report from the company itself and the Federal Deposit Insurance Corporation (FDIC) said Thursday night. The FDIC called the transaction "simply a combination of two banks," and said WAMU was...

Two Wall Street giants and their investors are betting that one of the Streets most baffling rules of thumb will prevail as the stock market prepared to open Friday after two days of a bullish market.

The rule, one that definitely does not apply to your family finances, is if bad news is not as bad as everyone expected, then it is actually good news.

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In spite of it all, the "it" being the stunning speed with which Bear Stearns hit rock bottom last month and the midnight ride rescue of the investment bank by J.P. Morgan Chase, Bear Stearns is still reporting a profitable first quarter.

There is also a civil investigation by the Federal Trade Commission of Bear Stearns' subsidiary EMC Mortgage Corporation seeking information on whether...

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If you have checked the trading price of Bear Stearns Company (BSC) stock in the four days since the company was sold to J.P. Morgan Chase for $2 per share in J.P. Morgan stock, you might well wonder why it is trading at more than twice the price J.P. Morgan is supposedly paying for it.

Doesn't make a lot of sense unless you follow the reasoning of some market players and a lot of Bear Stearns stockholders. A deal isn't a deal until it is done.

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The Federal Reserve had a busy weekend.

The Fed announced a new lending program aimed at the 20 large investment banks that serve as "primary dealers" and trade Treasury securities directly with the Fed. The program would allow...

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Three major U.S. banks announced on Monday that they were responding to some week-end jaw-boning by the Treasury Department and forming a consortium to address the beleaguered credit markets.

Citigroup, Bank of America, and J. P. Morgan unveiled the broad outlines of a plan to buy troubled assets in exchange for new short-term debt...

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