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Archive for September, 2009

JPMorgan shuffles its senior ranks

JPMorgan Chase named Jes Staley the head of its investment bank, a move that could put Staley in a position to step in as the new CEO should the bank’s current chief, Jamie Dimon, leave.




Survey: CEOs still not ready to hire, spend

U.S. chief executives are not ready to step up hiring or capital spending, though a majority expect sales to rise over the next six months, according to a Business Roundtable survey.




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Economy shrinks at slower pace in Q2

The economy shrank less than expected in the second quarter as businesses and consumers trimmed their spending at a slower pace, buttressing beliefs that the economy is now growing.




Moody’s exec denies claims of inflated ratings (AP)

AP – The chief credit officer of Moody’s Investors Service told Congress Wednesday that a former analyst’s allegations of inflated ratings and conflicts of interest at the firm are groundless.

U.S. Q2 home foreclosures, mortgage delinquencies up (Reuters)

Reuters – The number of home foreclosures in process and delinquent mortgages rose during the second quarter, while home retention actions also increased, U.S. bank regulators said on Wednesday.

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