David Weidner

B of A Gave $500 Bonuses to Foreclose on Clients, Lawsuit Claims

americanbanker.com — Bank of America (BAC) rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents. Mortgage workers falsified records and were told to delay U.S.

J.P. Morgan to Begin Disclosing Daily Liquid Assets

online.wsj.com — J.P. Morgan Chase's asset-management division will begin disclosing to investors the amount of liquid assets held in its U.S. money-market-mutual funds each day on its website, the company said Monday.

Women’s Work: The Many Women Behind the Gannett-Belo Deal

blogs.wsj.com — By David Benoit When trying to strike one of its biggest acquisitions ever, a deal that would transform its business and send its shares climbing Gannett & Co.'s CEO Gracia Martore succeeded by relying largely on women. Gannett's deal to buy broadcasting company Belo Corp.

Rupert Murdoch Files for Divorce

online.wsj.com — News Corp. Chairman and Chief Executive Rupert Murdoch filed for divorce from his wife Wendi, a spokeswoman for Mr. Murdoch confirmed.

Banks make big bucks from fine print

marketwatch.com — SAN FRANCISCO (MarketWatch) - Look in your mailbox. Do you see an offer from a bank? Maybe a credit-card solicitation? Or an offer to lower your mortgage payment? I've been covering financial services for more than 15 years. And I'm not ashamed to say this: I am regularly baffled by this stuff.

Writing on the Wall: Fine Print and Big-Time Profits

blogs.wsj.com — By David Weidner Look in your mailbox. Do you see an offer from a bank? Maybe a credit-card solicitation? Or an offer to lower your mortgage payment? I've been covering financial services for more than 15 years. And I'm not ashamed to say this: I am regularly baffled by this stuff.

Wall Street can’t quit Fed addiction

marketwatch.com — SAN FRANCISCO (MarketWatch) - The men and women of Wall Street fancy themselves the free-market evangelists. Whether it be J.P. Morgan Chase & Co.'s Jamie Dimon criticizing regulations, or Peter Schiff issuing another sky-is-falling-warning, or trade groups - such as the American Bankers Association - picking apart central bank policy, Wall Street's message is almost uniformly: Back off.

Wall Street can’t quit Fed addiction

marketwatch.com — SAN FRANCISCO (MarketWatch) - The men and women of Wall Street fancy themselves the free-market evangelists. Whether it be J.P. Morgan Chase & Co.'s Jamie Dimon criticizing regulations, or Peter Schiff issuing another sky-is-falling-warning, or trade groups - such as the American Bankers Association - picking apart central bank policy, Wall Street's message is almost uniformly: Back off.

SAC and the cost of a lost reputation

marketwatch.com — In Shakespeare's "Othello," the slandered Cassio exclaims: "I have lost my reputation! I have lost the immortal part of myself, and what remains is bestial." So it goes on Wall Street. The financial industry is chastised and mistrusted by many Americans.