Makers. Why bringing in goods from overseas may be the only way for some Small Businesses to survive and thrive. Well meet one owner whose putting the made in america slogan to the test as our special series continues tonight on nightly Business Report for thursday, august 8th. Good evening everyone. Our top story tonight, banks under fire. Remember those controversial Financial Products that were at the center of the financial crisis . They are back in the spotlight, and so is jp morgan chase. The bank revealed its facing two investigations by the department of justice, both criminal and civil involving the sale of Mortgage Backed securities. As jackie reports, jp morgan isnt the only one under scrutiny as they ramp up investigations of the largest banks. Reporter the government is turning up the heat on banks about their dealings with Mortgage Backed securities. In a filing yesterday its the target of parallel, civil and criminal invelst gages. The probe relates to low quality mortga
Slogan to the test as our special series continues tonight on nightly Business Report for thursday, august 8th. Good evening everyone. Our top story tonight, banks under fire. Remember those controversial Financial Products that were at the center of the financial crisis . They are back in the spotlight, and so is jp morgan chase. The bank revealed its facing two investigations by the department of justice, both criminal and civil involving the sale of Mortgage Backed securities. As jackie reports, jp morgan isnt the only one under scrutiny as they ramp up investigations of the largest banks. Reporter the government is turning up the heat on banks about their dealings with Mortgage Backed securities. In a filing yesterday its the target of parallel, civil and criminal invelst gages. The probe relates to low quality mortgages packaged and sold in securities between 2005 and 2007. The california prosecutor came to a preliminary conclusion jp morgan violated certain securities laws in con
Slogan to the test as our special series continues tonight on nightly Business Report for thursday, august 8th. Good evening everyone. Our top story tonight, banks under fire. Remember those controversial Financial Products that were at the center of the financial crisis . They are back in the spotlight, and so is jp morgan chase. The bank revealed its facing two investigations by the department of justice, both criminal and civil involving the sale of Mortgage Backed securities. As jackie reports, jp morgan isnt the only one under scrutiny as they ramp up investigations of the largest banks. Reporter the government is turning up the heat on banks about their dealings with Mortgage Backed securities. In a filing yesterday its the target of parallel, civil and criminal invelst gages. The probe relates to low quality mortgages packaged and sold in securities between 2005 and 2007. The california prosecutor came to a preliminary conclusion jp morgan violated certain securities laws in con
Makers. Why bringing in goods from overseas may be the only way for some Small Businesses to survive and thrive. Well meet one owner whose putting the made in america slogan to the test as our special series continues tonight on nightly Business Report for thursday, august 8th. Good evening everyone. Our top story tonight, banks under fire. Remember those controversial Financial Products that were at the center of the financial crisis . They are back in the spotlight, and so is jp morgan chase. The bank revealed its facing two investigations by the department of justice, both criminal and civil involving the sale of Mortgage Backed securities. As jackie reports, jp morgan isnt the only one under scrutiny as they ramp up investigations of the largest banks. Reporter the government is turning up the heat on banks about their dealings with Mortgage Backed securities. In a filing yesterday its the target of parallel, civil and criminal invelst gages. The probe relates to low quality mortga
Higher by 15. In the bond market, an Important Message today from bill groves founder of pinco the Worlds Largest bond fund company. He says Bond Investors are in a quote bloody war right now n. A message laced with references to the world war i battle, gross defended bonds as a class for investors, something he emphasized in an interview today. Going forward were talking about a substantial universal of investors that need fixed income. The boomers require fixed income. Pension funds, insurance comp y companies with lieblabilitiesli. It wont disagree. Smart bond fund managers, including him is can protect capital and grow it in a world of rising interest rates. Its been a rough couple months for Bond Investors and pinco. The flag ship total return fund is down about 4 since may 1st and since then, inveps tors pulled out more than 18 billion from the fund. The fight over the fate of j. C. Penney takes a twist. They are starting a new ceo search. Activist and shareholder bill ackman wan