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Reverse Mortgage Daily (Free subscription) | yesterday
HeraldNet writer Tom Kelly does a great job covering reverse mortgages. His most recent article, Even now, reverse mortgages a viable option describes how even with the credit crunch, the reverse mortgage industry grew for the 19th straight year. While the 4.3 percent growth in HECM volume isn’t close to what the industry has [...]
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Slog (Free subscription) | 01/12/2008
Drops . JPMorgan Chase is laying off 3,400 Washington Mutual employees in Seattle, according to spokesman Tom Kelly. That's more than 80 percent of the 4,300 people it employs in the city. Most branch workers will keep their jobs, however. WaMu's former headquarters city is taking the brunt of the 9,200 WaMu layoffs that JPMorgan is making nationwide. It employs about 43,200 people altogether....
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Indian Express (Free subscription) | 20 hours ago
Quoting JPMorgan spokesman Tom Kelly, the publication said, "JPMorgan, which acquired WaMu in September for USD 1.9 billion after it was seized by the government, told employees that it will lay off 4,000 workers by the end of January." Another 5,200 people are being asked to stay on through various dates in 2009 to help with the deal's integration, the report added.
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Business Wire (Free subscription) | yesterday
... brokers and with your clients, and earn commissions. Led by experts such as author and investor Tom Kelly, author of “Cashing in on a Second Home in Mexico,” the Broker University will dispel many misconceptions about buying and selling property in Mexico. Between seminars, attendees can enjoy fun activities such as a city tour, sunset cruise, Mexican fiesta and dinner on the beach, giving...
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Seattle Post-Intelligencer (Free subscription) | yesterday
JPMorgan Chase & Co. said Monday it intends to match in 2009 Washington Mutual's 2008 level of corporate philanthropy in Washington state, which was $2.6 million.It's a short-term commitment, but still better than what many have been fearing in the wake of Washington Mutual's collapse."At this point," said JPMorgan Chase spokesman Tom Kelly, "we're just looking at the one year."Dwight Gee, vice...
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The Portland Business Journal (Free subscription) | yesterday
... will need all the employees in those branches to take care of our customers," said Chase spokesman Tom Kelly in an e-mail.The situation is much different in Seattle, where JPMorgan Chase will lay off 3,400 Washington Mutual employees, about 81 percent of the bank’s local work force.Of those laid-off WaMu employees, 1,500 will leave the bank in the next 60 days while the remaining 1,900 will...
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The Sacramento Business Journal (Free subscription) | 01/12/2008
... branch managers, which the company considers the “front line of the bank,” JPMorgan spokesman Tom Kelly said.WaMu’s branch employees are not affected by the layoffs. WaMu is the fourth-largest bank in the Sacramento region, based on deposits, according to the Federal Deposit Insurance Corp.
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The Los Angeles Business (Free subscription) | 01/12/2008
JPMorgan chief executive Jamie Dimon was in Seattle Monday and spoke Monday morning with about 125 local branch managers, which the company considers the “front line of the bank,” said Tom Kelly, JPMorgan spokesman.
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Seattle Times (Free subscription) | 01/12/2008
JPMorgan Chase is laying off 3,400 Washington Mutual employees in Seattle, according to spokesman Tom Kelly. That's more than 80 percent of the 4,300 people it employs in the city.Most branch workers will keep their jobs, however.WaMu's former headquarters city is taking the brunt of the 9,200 WaMu layoffs that JPMorgan is making nationwide. It employs about 43,200 people altogether.Many of...
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bizjournals (Free subscription) | 01/12/2008
... about 125 local branch managers, which the company considers the “front line of the bank,” said Tom Kelly, JPMorgan spokesman.WaMu’s branch employees are not affected by the layoffs.Dimon will speak later Monday at the Greater Seattle Chamber of Commerce’s Community Development Roundtable and is expected to address JPMorgan’s plans for fulfilling WaMu’s charitable contributions across the...
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Seattle Post-Intelligencer (Free subscription) | 01/12/2008
... took over the bank and sold most of its operations to New York-based JPMorgan Chase.Spokesman Tom Kelly said JPMorgan Chase does not plan to close any WaMu branches in the state.Nationally JPMorgan Chase is cutting 9,200 jobs, including 4,000 jobs now and 5,200 transition positions. WaMu had 43,000 employees nationally.
