The Street logo The Street 3 weeks ago

JPMorgan Works to Shed Consumer Loans

Speaking at the BancAnalysts Association of Boston conference, JPMorgan's head of retail Charlie Scharf Thursday projected the $329.3 billion portfolio would diminish by another 10% or 15% in 2010 as the company works to jettison bad loans from... Full Article at The Street

Related Topics:

  1. J.P. Morgan Chase & Co.
  2. Jay Leno
  3. Jamie Dimon

Related Articles

  1. CBS News logo
    JPMorgan Earns $3.6B, But Loan Losses Remain High
    1 month ago

    (AP) JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the foreseeable future. Full Article at CBS News

  2. Local6.com logo
    JPMorgan Earns $3.6B; Loan Losses Still High
    1 month ago

    NEW YORK -- JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset the rising loan losses that the bank warned would continue for the forseeable future. Full Article at Local6.com

  3. Huffington Post logo
    Tram Nguyen: A Bit of a Break from the Big Banks
    2 months ago

    Sometimes, the threat of regulation actually works. Full Article at Huffington Post

  4. TampaBay.com | St. Petersburg Times logo
    Q&A: Jay Leno returns to NBC on Monday
    2 months ago

    Washington Mutual is the largest bank ever to fail. Regulators seized it on a Thursday. Jay Leno, who ended his 17-year run on The Tonight Show May 29, returns to NBC on Monday. Full Article at TampaBay.com | St. Petersburg Times

Related Quotes

  1. Credit costs remain high and are expected to stay elevated for the foreseeable future in the consumer lending and card services loan portfolios
    Jamie Dimon – Jamie Dimon SOURCE: Local6.com 1 month ago
  2. The good thing at JPMorgan is you have a lot of different profit levers ... The diversity works to their advantage.
    SOURCE: CBS News 1 month ago
  3. It's harder to come out when you're eight feet deep than when you're two
    SOURCE: CBS News 1 month ago
  4. People are scared to death
    – Bill Stone SOURCE: SouthCoastToday.com 2 months ago
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Browse More Photos

Daylife is the web's largest archive of news photos

  1. In this Tuesday, Nov. 24, 2009 photo, President Obama's aunt, Zeituni Onyango, poses during an interview by the Associated Press in her home in Boston.
  2. BOSTON - NOVEMBER 20: Vince Carter #15 of the Orlando Magic moves the ball up court during the game against the Boston Celticson November 20, 2009 at the TD Garden in Boston, Massachusetts.
  3. BOSTON, MA - NOVEMBER 19: Animal Planet host Jeff Corwin examines a sea turtle at the New England Aquarium on November 19, 2009 in Boston, Massachusetts.
  4. Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo.
  5. SEATTLE - SEPTEMBER 26: A man uses a bank machine at the Washington Mutual building the morning after it was seized by the FDIC and then sold to JP Morgan Chase September 26, 2008 in Seattle, Washington. WaMu's is the biggest US bank failure in history.
  6. SAN FRANCISCO - SEPTEMBER 18: A pedestrian walks by a Washington Mutual Bank branch September 18, 2008 in San Francisco, California. Washington Mutual has started the process of finding a buyer as it struggles to raise funds in the wake of the mortgage crisis.
  7. SEATTLE - SEPTEMBER 16: Washington Mutual Inc.'s headquarters is seen September 16, 2008 in Seattle. The savings and loan bank had its credit rating reduced to junk status by Standard and Poor's.
  8. NEW YORK - JULY 15: A man walks out of a Washington Mutual bank branch July 15, 2008 in New York City. Washington Mutual shares closed off 35% in recent days amidst fears that worsening housing and credit problems could claim more banks.
  9. SAN FRANCISCO - APRIL 15: Customers use an ATM machine at a Washington Mutual bank branch April 15, 2008 in San Francisco, California. Washington Mutual is expected to report quarterly earnings today after Wall Street's closing bell.

Cast of Characters

  1. United States Department of the Treasury United States Department of the Treasury
  2. FDIC FDIC
  3. Hank Paulson Hank Paulson
  4. J.P. Morgan Chase & Co. J.P. Morgan Chase & Co.
  5. Federal Reserve Federal Reserve
  6. Bank of America Bank of America