Author Archives: meganbarnett
  • JPMorgan's fine is bad news for BofA, Wells

    With a reported $13 billion settlement, JPMorgan has put the rest of the banking industry at risk of further government attacks, and it has raised the bar for potential fines from the big banks.

    By Cyrus Sanati

    FORTUNE -- JPMorgan's reported $13 billion settlement with U.S. authorities over shady investment practices sets a precedent that could have ghastly consequences for the bank, as well as for its main rivals. In rolling MORE

    Oct 21, 2013 10:22 AM ET
  • Jamie Dimon: Prepare for more volatility

    At Fortune's Global Forum, JPMorgan's CEO said markets will be "scary" until a normal interest rate environment returns.

    By Megan Barnett

    FORTUNE -- It's going to be scary out there in the markets until we reach a more normal interest rate environment. That was the message delivered by JPMorgan (JPM) CEO Jamie Dimon to delegates at the Fortune Global Forum in Chengdu, China on Thursday.

    "It's a different world when central banks are MORE

    Jun 6, 2013 5:15 AM ET
  • A Virgin deal makes no sense for Delta

    Save your money, Delta. Do your shareholders and passengers a favor and walk away from the Virgin talks.

    By Cyrus Sanati

    FORTUNE -- Delta could be making a big mistake pursuing Virgin Atlantic. While investing in an airline is a risky venture at any time, a tie-up with Virgin today looks particularly bad for the Atlanta-based carrier. The deal could jeopardize Delta's marketing and anti-trust agreements with its European partners, while MORE

    Dec 5, 2012 12:48 PM ET
  • Why Avon is no longer a takeover target (for now)

    The beauty giant was being courted earlier this year. Now even private equity buyers may be put off by the company's balance sheet.

    By Beth Kowitt

    FORTUNE -- Back in April, Avon was a hot target.

    Fragrance maker Coty, majority-owned by German holding company Joh. A. Benckiser GmbH, made an unsolicited $10 billion offer for the direct seller of beauty products. Fortune also reported that Richmont Holdings was putting together a bid MORE

    Nov 21, 2012 10:07 AM ET
  • Watch: Sheila Bair on fixing consumer protection

    Former FDIC chairman Sheila Bair joined Fortune's Stephanie Mehta on stage at the Most Powerful Women Summit.

    Oct 2, 2012 12:30 PM ET
  • Sheila Bair on Ben Bernanke, banking, and what's next

    Sheila Bair was the lead banking regulator when the financial crisis hit in 2008, and she's now ready to tell all. She spoke to Fortune's Stephanie Mehta at the Most Powerful Women Summit about what happened. 

    Below is an unedited transcript of the interview:

    STEPHANIE MEHTA:  Thank you all for being here. Sheila Bair is the former chairman of the FDIC and she's currently a senior advisor of the Pew Charitable Trusts, and MORE

    Oct 2, 2012 12:28 AM ET
  • Defense mega-merger might get derailed by politics

    A combination of European aerospace giant EADS and British defense company BAE Systems looks like a no-brainer on the economic and financial front, but in defense, politics always rules.

    By Cyrus Sanati

    FORTUNE -- The bold attempt by European aeronautics giant EADS to acquire British defense company BAE Systems is all about one thing: Pentagon access. After nearly a decade of trying in vain to tap the vast U.S. military industrial MORE

    Sep 13, 2012 11:26 AM ET
  • Can the middle class thrive without home ownership?

    The two presidential candidates agree that the middle class needs to be rebuilt, but no one seems to be focusing on the dramatic fall in home ownership.

    By James Sterngold

    FORTUNE -- One of the few things Mitt Romney and Barack Obama seem to agree on in this acid election season is that they want to rebuild the middle class. It has long been Washington policy dogma that one of the MORE

    Sep 11, 2012 9:44 AM ET
  • Did Europe miss its chance?

    While Europe's latest plan differs from the last ECB intervention, its methods are not new to this crisis. All eyes are on Germany for the next potential shoe to drop.

    By Cyrus Sanati

    FORTUNE -- The latest plan to save the euro is just more of the same – delay. While the markets have responded favorably to the European Central Bank's newly polished bond buying program, the enthusiasm is bound to MORE

    Sep 11, 2012 8:52 AM ET
  • Why Fender pulled its IPO

    Guitar manufacturer Fender cancelled its IPO after its stock was deemed overvalued by some investors.

    By Omar Akhtar

    FORTUNE -- Rock'n'roll preserved a little bit of independence after Fender reversed its plans to go public, citing poor market conditions.

    On Friday morning, Fender CEO Larry Thomas said in a statement that "current market conditions and concerns about economic conditions in Europe do not support completing an initial public offering at what we MORE

    Jul 20, 2012 3:07 PM ET
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