Sizzling to Scary: Big Banks Face New Season of Peril
Published September 6, 2012 2:55 PM
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Updated September 6, 2012 7:17 PM
1 Min Read
(Image: Fotolia)
But Who's Counting?
The nonprofit investigative website ProPublica was. It created a handy scorecard of seven major bank scandals from the summer and the fallout from each. (Image: Thinkstock)
Whale of a Problem
Chief Executive Jamie Dimon struggled to clean up JPMorgan Chase's (JPM) nearly $6 billion trading blunder and heard a former boss, Sandy Weill, call for the separation of commercial and investment banking . (Image: Bloomberg News)
Looking for Cover
JPMorgan should focus on keeping a low profile on political matters and "rebuilding [its] credibility," but the megabank breakup debate and the threat of more Occupy Wall Street protests will make that hard.
Stealth Mode
Bank of America (BAC) CEO Brian Moynihan largely stayed out of the headlines this summer, unlike last August when he endured a public grilling by a big investor . (Image: Bloomberg News)
Lurking Mod Problem
B of A could take heat for its slow pace in starting loan modifications mandated by the national mortgage settlement. (Image: Thinkstock)
Past Won't Die
Citigroup's (NYSE: C) agreement to pay $590 million to settle a shareholder lawsuit tied to subprime mortgages and the comments by Weill, a former head of Citigroup, rehashed the crisis years that current CEO Vikram Pandit has spent his tenure trying to escape. (Image: Bloomberg News)
Decision Time
Pandit has to continue trying to unload unwanted assets, decide whether to raise dividend or stock buybacks and wait for an arbitrator's decision that could allow Morgan Stanley to buy more of the Smith Barney joint venture it has with Citi . (Image: Bloomberg News)
Big Settlement
Wells Fargo (WFC) agreed to pay $175 million to settle a three-year-long Justice Department investigation into its fair-lending practices. (Image: Thinkstock)
