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Dimon downplays foreclosure mess

JPMorgan Chase dismissed foreclosure worries, even as the bank added more than $1 billion to its legal reserves.

JPMorgan (JPM) is reviewing 115,000 mortgage affidavits, the bank told investors Wednesday after posting a $4.4 billion third-quarter profit. Last month, JPMorgan Chase said it was reviewing 56,000 foreclosure cases.

It and other banks have put foreclosures on hold as they review their handling of homeownership documents. A group of 40 state attorneys general MORE

Will JPMorgan face facts on foreclosures?

Jamie Dimon manhandled the market meltdown. Can he flout the foreclosure fiasco too?

We will get an answer Wednesday, when JPMorgan Chase (JPM) is due to post third-quarter earnings. Wall Street expects the bank to earn 90 cents a share, up from 82 cents a year ago, but the bank's profits are far from the biggest issue right now for investors.

Legal challenges have forced Chase and other big banks, MORE

FDIC faces costly WaMu claim

The hits keep coming for the Federal Deposit Insurance Corp.

The FDIC, busy cleaning up after the biggest run of bank failures in 20 years, now faces a costly legal battle with perhaps the biggest beneficiary of the financial meltdown of 2008, JPMorgan Chase (JPM).

The bank wants the FDIC to cover the cost of defending lawsuits facing JPMorgan following its September 2008 fire sale acquisition of Washington Mutual, the Seattle thrift MORE

JPMorgan hopes for dividend hike

JPMorgan Chase expects to start raising its dividend early next year, CEO Jamie Dimon will tell investors this afternoon.

Dimon (right) is scheduled to appear this afternoon at the Barclays Global Financial Services conference in New York. "We intend to restore the dividend," presentation materials posted on JPMorgan's (JPM) web site say, "hopefully early 2011."

The comments are in line with the remarks Dimon has made over the past year, as investors have asked when MORE

JPMorgan's about-face on buybacks

For the first time since 2007, JPMorgan Chase is aggressively repurchasing its shares.

JPMorgan (JPM) said Thursday it has bought back more than $500 million in stock this year, and CEO Jamie Dimon told investors on a conference call the bank could spend more in coming months.

The buyback effort "just started," Dimon said Thursday in response to a question on the bank's capital position, and "doesn't necessarily have to end."

The repurchases MORE

JPMorgan taps exec for overseas push

JPMorgan Chase tapped Heidi Miller, a longtime ally of CEO Jamie Dimon, to lead an aggressive overseas expansion.

Miller (right) will take a newly created post as president of international, Dimon said Tuesday morning. He said she would help existing overseas operations "accelerate and prioritize their efforts and their investments for growth."

The move comes as big U.S. banks look to faster-growing developing economies such as Brazil, Russia, India and China -- the so-called MORE

JPMorgan's Dimon gets a scratch

Perhaps Jamie Dimon isn't as Teflon-coated as we thought.

Shareholders at JPMorgan Chase (JPM) voted at Tuesday's annual meeting in Lower Manhattan to defeat a proposal to split the chairman and CEO jobs, which Dimon currently holds.

JPMorgan's old pickup line

The giant lender shows it cares by donating a single six-year-old truck to a Haiti relief effort.

Talk about reaching down deep.

JPMorgan Chase (JPM), the giant lender that paid $9 billion in bonuses last year, sent out a press release Wednesday to alert the media to its support for relief efforts in Haiti. The firm and its workers have committed $2.75 million in humanitarian aid, Chase said, including $1 million in MORE