Jpmorgan chase Stories
Bank of America plans international advisory board: sources
Bank of America Corp is looking to create an international advisory board that could help steer chief executive officer Brian Moynihan's overseas strategy, according to sources familiar with the matter.
Chase Online Banking Website Down Again, Outage Reflected in Harsh Twitter Complaints
Chase's consumer online baking website was down again on Monday morning, prompting many Twitter users to express harsh criticism for the bank owned by J.P. Morgan Chase.
Post-Market NASDAQ Movers (CSOD, TASR, MAPP, AFFY, CAR, STLD, PACB, TRGT, ACOM, THRX, VOCS, CVGI)
The top after-market NASDAQ gainers Friday were: Cornerstone OnDemand, TASER International, MAP Pharmaceuticals, Affymax, Avis Budget Group and Steel Dynamics. The top after-market NASDAQ losers were: Pacific Biosciences of California, Targacept, Ancestry.com, Theravance, Vocus and Commercial Vehicle Group.
MF Global's Corzine faces new scrutiny on customer accounts
Congressional investigators released details of emails from just before MF Global's bankruptcy that renew questions about whether anyone at the failed brokerage authorized the use of customer funds to cover an overdraft in London.
Ex-MF Global official: Corzine approved money transfer: memo
Former MF Global official Edith O'Brien said in an October 2011 email that CEO Jon Corzine gave direct instructions to transfer $200 million from a customer account to cover an overdraft in a JPMorgan account in London, according to a congressional memo released on Friday.
World Bank President? Third World Candidates Emerge
President Barack Obama must nominate a new President of the World Bank soon, ahead of its June annual meeting in Washington. Two Third World candidates have been mentioned but another American is the likely winner.
JPMorgan to buy stake in Chinese trust firm: reports
U.S. bank JPMorgan has agreed to buy a 19.9 percent stake in Chinese trust company Bridge Trust Co, according to media reports.
Vatican Bank Faces Fresh Money-Laundering Scandal As JP Morgan Closes Account
The bank, formally known as the Institute for Works of Religion (IOR), reportedly failed to provide a Milan affiliate of JP Morgan with details about payments into the account, in which €1.8 billion was deposited in the last 18 months.
RBS to close down some Asian businesses: memo
Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Singapore and Korea, according to an internal memo seen by Reuters on Tuesday.
WaMu Exits Bankruptcy, On Heels Of Lehman
Washington Mutual Inc , one of the biggest corporate casualties of the 2008 financial crisis, on Monday emerged from bankruptcy protection, just two weeks after Lehman Brothers Holdings Inc also emerged from Chapter 11.
Moody’s Could Downgrade Global Investment Banks: Nomura
U.S. and European investment banks may face headline risk again from credit ratings downgrades by Moody's Investors Service Inc. in the coming weeks, Nomura Securities warned Monday.
S&P 500 Crosses 1,400 for First Time Since 2008, Dow Touches 4-Year High
The positive reports on the U.S. economy are seen as the major cause of the stocks rallying.
Boeing Says it Hasn’t Agreed to Pay India $500-Million Compensation
An executive from Boeing Co has denied claims by the Indian government that the company has agreed to pay $500 million for aircraft delivery delays.
Citigroup failure in Fed test raises questions
Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
Bank of America's stock soars after passing stress test
Bank of America Corp shares on Wednesday hit their highest level in seven months after a Federal Reserve stress test affirmed one of the more troubled U.S. banks had made progress in improving its capital levels.
Citigroup: Shares Fall After No. 3 Bank Flunks 'Stress Test'
Shares of Citigroup (NYSE: C) fell more than 4 percent Wednesday after the Federal Reserve said the No. 3 U.S. bank flunked a “stress test” of its financial viability.
Banks Stonewalled Probe Of Foreclosure Practices: Housing Agency
The inspector general for the U.S. Department of Housing and Urban Development said banks involved in the nationwide settlement on foreclosure practices significantly hindered its investigation.
Facebook’s IPO Revisions: More Things To Know
Facebook filed for an IPO on Feb. 1 but has since amended its registration document twice. Here are four important things to know about the world's biggest social media company.
Stock index futures signal mixed Wall Street opening
Stock futures signaled a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent, the Dow Jones futures down 0.2 percent and the Nasdaq 100 futures falling 0.1 percent.
Financials Rally After JPMorgan Dividend Announcement
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
Financials Rally Following JPMorgan Dividend Announcement
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
Fed Stress Test Results: Citi, SunTrust Fail, JP Morgan Passes
Citigroup Inc., the third-largest U.S. bank, and SunTrust Banks Inc. failed the Federal Reserve's latest stress test because they lack enough capital to endure a hypothetical shock to the U.S. economy, the central bank said Tuesday.
JPMorgan Passes Stress Tests, To Buyback Up To $15B Of Stock
JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks.
JPMorgan passes stress test; divi rise, buybacks okayed
JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks.
JPMorgan paying $45 million to settle mortgage suit
JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancings.
Government Details Mortgage Pact, Promises Tough Oversight
The government released the fine print of its landmark $25 billion mortgage settlement, and promised to closely police the banks' pledges to bring widespread housing relief, even while letting them dodge admission of wrongdoing.
Court OK Of $25 Billion Mortgage Deal To Be Sought Monday
The $25 billion settlement between five large U.S. banks accused of abusive mortgage practices on the one side and federal and state government officials on the other side that was announced Feb. 9 will be filed in federal court on Monday, people familiar with the matter said.
Government to seek court approval of $25 billion mortgage pact
A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will be filed in federal court on Monday, people familiar with the matter said late Friday.
JPMorgan makes global business travel service pact
JPMorgan Chase & Co said it had entered into a partnership with AirPlus International, a business travel manager owned by Deutsche Lufthansa AG , to offer expense tracking systems and commercial credit cards to multinational corporations.
BofA in side deal with government on mortgage foreclosures: WSJ
Bank of America, one of five banks in $25 billion settlement with the government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers' mortgage balances, the Wall Street Journal said.