Mark DeCambre
The Archive
Biggest marketing blunders of 2013
This year has been filled with corner office execs making dumb mistakes in marketing in advertising their companies, but communications expert Paul Argenti has identified some of the worst of...
Madoff: I helped feds nab JPMorgan
Bernie Madoff, one of the world’s most reviled fraudsters, helped regulators ding JPMorgan Chase. The 75-year-old felon boasted in an email made public Friday that he provided “key information” to...
JPMorgan unfazed by prospect of Madoff settlement
Not even Bernie Madoff can slow Jamie Dimon’s roll. Despite facing another potential billion-dollar penalty, the sprawling bank run by CEO Dimon is seeing its stock relatively unharmed. JPMorgan’s shares...
JPMorgan close to $2B deal in Madoff case
JP Morgan is close to striking a deal with federal authorities over the company’s ties to Ponzi scheme mastermind Bernie Madoff, in which the company would escape criminal charges while...
Royal Bank of Scotland to pay $100M in settlement
The state’s top financial services regulator, Ben Lawsky, settled a civil case with the Royal Bank of Scotland for $100 million. Former employees of the Scottish bank faced charges of...
Settling suits Jamie Dimon fine
Jamie Dimon paid for JPMorgan’s peace of mind. The CEO said that JPMorgan decided that settling a whopping $13 billion lawsuit with regulators led by the Justice Department was better...
Jeter impresses at Morgan Stanley event
The captain made an appearance at Morgan Stanley Tuesday. No, not CEO James Gorman. Yankee’s shortstop and captain Derek Jeter chatted up the more than 400 guests at an event...
The government's 'fact sheet' on the Volcker rule
The nation’s biggest banks are all Volck’d up now! Thanks to the implementation yesterday of the so-called Volcker Rule, which bars deposit-taking institutions from gambling with their own money. The...
CTFC blasted in rogue trader case
A Manhattan federal court judge on Friday blasted regulators for shoddy and slothful oversight of an $8.3 billion rogue trading scandal perpetrated at Goldman Sachs back in 2007. “One cannot...
Banking industry doesn't have great customer service: survey
What industry needs the most help in customer service? Banking.At least that’s what a recent survey from analytics firm ForeSee revealed. The survey ranked financial services firms like Santander, Morgan Stanley...
Lampert investors demand Sears returns
Eddie Lampert is losing more than Sears and Kmart shoppers this year. The secretive and successful Wall Street tycoon is being forced to return billions of dollars to disgruntled clients...
JPMorgan Chase named one of Goldman's top investment ideas
The financial overhang from the “London Whale” and regulatory probes is about to be history for JPMorgan Chase. The huge bank led by CEO Jamie Dimon is one of only...
Establishing 'the Anheuser-Busch of marijuana'
Entrepreneur Justin Hartfield is hoping to smoke the competition with his passion for pot. The 29-year-old Californian has raised roughly $10 million from investors — money he will soon invest...
Wall Street bigs poised for huge payday
The Wall Street fat cats who taxpayers bailed out five years ago are poised for a big payday. In the aftermath of the financial crisis, big banks held on to...
Banks to sue over new CFTC rules
Big banks are biting back at a Wall Street watchdog. JPMorgan Chase, Goldman Sachs and other financial firms — fuming over far-reaching new rules passed in the wake of the...
Former Treasury chief nixed BlackRock offer
Sorry, Larry Fink. Former Treasury Secretary Tim Geithner passed up a chance to work at mega-fund manager BlackRock, according to sources. Geithner, who has landed a plum private-equity gig with...
JPM lawyer: High fines way out of line
The fines are too damn high! That’s JPMorgan Chase’s top legal eagle’s take on the bank’s record $13 billion settlement with the government over the sale of mortgage-backed securities in...
Dow closes above 16,000 for first time
This is rare air for Wall Street. The high-flying Dow Jones industrial average closed above 16,000 for the first time on Thursday. Fueled by low interest rates, which are chasing...
NY attorney general: Expect to see more bank settlements
More banks will pay for their mortgage-bond sins. In fact, state and federal regulators have already started to target other large lenders, according to New York Attorney General Eric Schneiderman....
Morgan Stanley in talks to sell commodities business
Morgan Stanley’s talks to unload its commodities business are heating up against after months of fruitless negotiations with potential buyers. The bank is said to be in talks with Russian...