Mark DeCambre
Latest Articles
JPMorgan to pay NY $1Bn over mortgage crisis
Thousands of underwater homeowners across New York may see some financial relief from the record-setting $13 billion mortgage- bond settlement Tuesday between JPMorgan Chase and federal and state regulators. More...
JPMorgan agrees to terms of $13B settlement
Jamie Dimon’s JPMorgan Chase has finally agreed to terms with federal and state regulators on a record-setting $13 billion settlement over toxic mortgage securities — and the complex deal is...
NYC hedge funds crack fracking titan
Frack you! A pair of New York-based hedge funds outmaneuvered new-age oil and gas titan Tom Ward, head of SandRidge Energy, according to a new book centered on the epic...
#AskJPM slam shows hatred for bank
Jamie Dimon’s #AskJPM Twitter-tastrophe highlights how far his firm’s once-storied post-crisis reputation has plummeted. JPMorgan Chase, already dealing with at least eight Justice Department probes, found itself Thursday enduring a...
#askJPM: Bank's Twitter Q&A backfires with snarky tweets
JPMorgan Chase’s week-old experiment of promoting a Twitter-based Q&A with a top executive seriously backfired Wednesday under an avalanche of snarky tweets. As a result, a planned event for Thursday...
Deutsche loses star banker
Deutsche Bank executive Jonathan “Jon” Hitchon, the co-head of global prime finance in New York, is leaving the firm, The Post has learned. Hitchon, a 15-year veteran of the firm,...
Hundreds of Goldman bankers miss promotions
Goldman Sachs just left a lot of its bankers out in the cold. The Wall Street firm named 280 new managing directors Wednesday, just a 5 percent increase from the...
Ex-Fed official calls QE program 'biggest Wall Street bailout'
Wall Street banking advocates took exception to a rare mea culpa from a former Federal Reserve official, who on Tuesday dubbed the government’s crisis-era economic stimulus plan as “the biggest...
Holder blamed for delay in Chase mortgage settlement
Jamie Dimon’s checkbook is collecting dust. Two months after the JPMorgan Chase CEO traveled to Washington, DC, to meet US Attorney General Eric Holder to finalize a sweeping multibillion-dollar mortgage...
Pricey social site makes matches for Wall St. titans
In this economy, even Wall Street’s masters of the universe need help making their sales pitch. Relationship Science, a social networking startup that leverages relationships within the clubby world of...
Bank watchdog overhauls, with more bite
It’s regulatory change from within! The Office of the Comptroller of the Currency is undergoing its most significant overhaul in decades, The Post has learned. The watchdog of banks like...
Ray Kelly in the running for JPMorgan job
NYPD Commissioner Ray Kelly, unwanted by Mayor-elect Bill de Blasio, is in the running for a top security job at JPMorgan Chase, sources at the financial giant told The Post....
Goldman staff sweat over make-or-break promotions
The heat is on at Goldman Sachs. Hundreds of mid-level bankers at the gold-plated Wall Street firm will be sweating out the next few days, wondering if they will make...
CFTC's Bart Chilton to step down
Maybe it’s the agency that’s not such a hot commodity. Outspoken Wall Street critic Bart Chilton is leaving the Commodity Futures Trading Commission at the end of the year, marking...
Consumer group: JPMorgan shouldn’t tax-deduct $13B
A consumer group is aiming to bar JPMorgan Chase from taking a tax write-off on a potential multibillion-dollar mortgage settlement led by the Justice Department. The US Public Interest Research...
JPMorgan facing dozen legal probes
JPMorgan’s breathtaking list of legal woes now stretches from hiring practices in Hong Kong to energy market manipulation in California to bank fraud in Milan. In its latest corporate confession,...
2nd NFL star signs IPO deal
Going for two! Sports branding upstart Fantex Inc. has struck a second deal to sell shares in the financial future of an NFL star. Fantex, which last month said it...
NYC pay phones aren't dead yet
New York City’s pay phones are making a comeback — of sorts — even as they dwindle in number. Despite the glut of smartphones and other wireless gadgetry, revenue from...
JPMorgan's $13B settlement with DOJ at risk of falling apart
Federal officials have rejected a proposal by Jamie Dimon’s JPMorgan Chase to have its sweeping $13 billion mortgage bond settlement offset with a reimbursement from the FDIC, sources said. The...
Wall Street eyes workload changes after intern's death
It’s the softer side of Wall Street. Two months after a promising 21-year-old London finance student died after completing a highly competitive Bank of America summer internship, a number of...