A Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million has been auctioned off for $100. Wells Fargo Bank was owed the money from a 2006 loan and submitted the winning bid for the 1.1 million-square-foot Galleria at Pittsburgh Mills on Wednesday.
JPMorgan Chase (NYSE: JPM)'s Reserve credit card should deliver a good return despite it initially costing the bank at least $200 million to $300 million, CEO Jamie Dimon told CNBC on Wednesday. Dimon was referring to the bank's Chase Sapphire Reserve, introduced last summer, that offered a sign-up bonus worth $1,500 to people who spent $4,000 on the card in the first three months. The bonus was widely popular and brought the card a lot of attention, but it also caused the bank to take a hit to its fourth-quarter earnings after handing out so many perks.
(This insight really stuck with me (that's me in the picture!).Áine Cain) I've had seven internships over the course of my career. In my fifth stint as an intern, I received a piece of advice that's stuck with me ever since. This particular internship