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US Banks Face 'Headwinds' But Aren't 'Zombies': Dimon
Started:August 10th, 2011 (12:50 PM) by Quick Summary Views / Replies:615 / 1
Last Reply:August 10th, 2011 (04:13 PM) Attachments:0

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US Banks Face 'Headwinds' But Aren't 'Zombies': Dimon

Old August 10th, 2011, 12:50 PM   #1 (permalink)
Quick Summary
US Banks Face 'Headwinds' But Aren't 'Zombies': Dimon

U.S. banks may be facing "headwinds" but they are not "zombies," JPM Chase CEO Jamie Dimon told CNBC, referring to comments by well-known analyst Meredith Whitney.

More on CNBC...

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Old August 10th, 2011, 04:13 PM   #2 (permalink)
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Lawsuits are piling up and the NCUA is going after Goldman

"NCUA’s new suit against Goldman Sachs claims the sellers and underwriters of the questionable securities made numerous material misrepresentations in the offering documents. These misrepresentations caused the corporate credit unions to believe the risk of loss associated with the investment was minimal, when in fact the risk was substantial. The mortgage-backed securities experienced dramatic, unprecedented declines in value, effectively rendering five corporates insolvent. The combined suits are the culmination of lengthy investigations into the circumstances surrounding the purchases of these securities."

Banks are 'Zombies,' Says Strategist - MarketBeat - WSJ

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