Mark DeCambre
Latest Articles
JPMorgan strikes $5.1B FHFA deal
One down, $8 billion to go. Jamie Dimon’s JPMorgan Chase on Friday struck a $5.1 billion agreement with the Federal Housing Finance Agency to resolve the bank’s outstanding mortgage problems...
Nasdaq on hook for $42M in Facebook mess
After 17 months, Bob Greifeld's Nasdaq OMX is one step closer to moving past its Facebook IPO nightmare. The Financial Industry Regulatory Authority has determined that broker-dealers claiming sizeable losses...
FDIC may leap on JPMorgan settlement
Yet another Washington regulator is looking to get a piece of Jamie Dimon’s JPMorgan Chase, The Post has learned. The Federal Deposit Insurance Corp., a tertiary regulator, is mulling whether...
Twitter targets Nov. 6 for IPO launch
Tweet November! Twitter is targeting Nov. 6 for the launch of its highly anticipated stock offering, The Post has learned. Already the investment banks handling the IPO are preparing to...
Shutdown fear grows at Lazard Capital
Lazard Capital Management employees are fuming as the beleaguered brokerage firm fights rumors of a shutdown. The closely held New York company denies it’s closing up shop, but staffers said...
Shutdown reduces Wall Street profits but not salaries
Washington is seriously cramping Wall Street’s Gucci-loafer swagger. After a strong start to the year, a raft of regulatory fines, coupled with higher interest rates and political uncertainty, is expected...
Lazard Capital staff exodus accelerates with Stephens circling
Rivals are looking to poach from Lazard Capital Markets amid speculation that it is struggling to stay in business. The closely held firm, which revealed in May that it is...
JPMorgan off the hook
Jamie Dimon isn’t signing a big check for nothing. After JPMorgan Chase agreed to a record $13 billion settlement to end a number of civil probes into its sale of...
US ‘robs’ $13B from venerable bank
JPMorgan Chase has tentatively agreed to pay the Department of Justice a record $13 billion settlement to resolve several civil probes relating to residential mortgage-backed securities — a costly deal...
JPMorgan Chase close to $4 billion FHFA deal
JPMorgan Chase is edging closer to a multi-billion dollar deal to end its crisis-era mortgage woes. The nation’s biggest lender has agreed to pay roughly $4 billion to settle claims...
Own a piece of an NFL star
Forget fantasy sports! A new San Francisco company is hoping to offer sports fans the chance to score big profits by owning a piece of a professional athlete — well,...
JPMorgan agrees to $100M settlement with CFTC
In a high-stakes regulatory showdown with Jamie Dimon, one Washington regulator blinked. The Commodity Futures Trading Commission, which on Tuesday reached a $100 million settlement with Dimon’s JPMorgan Chase, could...
Nasdaq loses Twitter sweepstakes
Bye-bye, birdie! Bob Greifeld’s Nasdaq OMX has lost the Twitter tweetstakes to its rival New York Stock Exchange Euronext. San Francisco-based micro-blogging firm Twitter indicated in an amended regulatory filing...
CEO has Citigroup 'on the right long-term track': analyst
He’s Mike the Mechanic. At least that’s how one influential bank analyst views Citigroup CEO Michael Corbat after a year at the helm. CSLA analyst Mike Mayo, who is also...
Wells mortgage biz hit by slowdown
Wells Fargo may have beat rival JPMorgan Chase in the banking arena, but its mortgage business is less than stellar. The nation’s biggest mortgage originator rang up record third-quarter profit...
Dimon fumbles analyst phone call
Maybe we’re overplaying this, but the usually calm and collected Jamie Dimon seemed to be a tad out of sorts on Friday. During the JPMorgan Chase conference call to discuss...
Dimon faces JPMorgan quarterly loss for first time
Jamie and Eli can drown their sorrows together. Two of New York’s most out-sized champions, JPMorgan Chase CEO Jamie Dimon and Giants QB Eli Manning, are finding they have a...
JPMorgan bonuses hit by Whale
The London Whale is playing in JPMorgan’s bonus pool. The disastrous derivatives trade that cost the bank $6.2 billion, coupled with a barrage of regulatory fines and penalties, is expected...
CFTC set for battle with JP Morgan
The Commodity Futures Trading Commission isn’t letting the “London Whale” slip away. The regulator is at loggerheads in its settlement negotiations with JPMorgan Chase and is prepared to haul the...
Twitter may look to double IPO to $2B
Now this is operation fast and furious. Twitter is racing toward the year’s most eagerly awaited stock market debut with plans to start its roadshow for prospective investors in New...