Jpmorgan chase Stories
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.
Central Bankers Hold Rates Steady On Inflation Concerns
Central bankers around the world took their foot off the loose monetary policy throttle Thursday and kept benchmark interest rates steady on inflation concerns and the lack of new threats to gross domestic product growth.
PayPal Sparks Furor over Limits on 'Obscene' e-books
PayPal, the online payments arm of eBay Inc, has sparked a furor in the publishing world by asking some e-book distributors to ban books that contain obscene themes including rape, bestiality or incest.
Obama Expands Housing Relief to Military, FHA Borrowers
The U.S. government will cut fees on federally insured mortgages and move to expand home-loan relief to military veterans, President Barack Obama announced Tuesday.
JPMorgan star trader set to start hedge fund: report
A team of top proprietary traders at JPMorgan Chase & Co is set to launch what is likely to be one of the largest hedge fund start-ups in 2012, the Financial Times reported on Sunday.
Facebook Adds Three Major Banks to Underwrite Its IPO
Facebook Inc, the social networking firm, has hired more banks to work as underwriters for its initial public offering, according to a report.
Facebook Adding Banks to Underwrite Its Initial Public Offering: Sources
Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday.
Facebook adding banks for IPO: sources
Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday.
Morgan Stanley banker charged with hate crime
A senior Morgan Stanley investment banker was placed on leave after police accused him of hurling racial slurs at a taxi driver of Middle Eastern descent and stabbing him in the hand with a pen knife over a fare dispute.
Justice Dept. Casts Wide Net with Mortgage Subpoenas
A U.S. Justice Department inquiry into the packaging and sale of home loans by the biggest U.S. banks casts a wide net and appears to significantly overlap with other enforcement efforts, according to people who have viewed subpoenas sent to the firms.
LivingSocial to launch its first credit card
LivingSocial, the second-largest daily deal company behind Groupon Inc , plans to launch its first credit card in coming months to help merchants attract repeat customers, Chief Financial Officer John Bax said on Thursday.
Bank of America Toys with Idea of Fees, Again
Last year Bank of America wreaked up a ruckus among its customers as it toyed with the idea of instituting a $5 fee for debit-card purchases, a plan that was successfully pushed back-until now.
JPMorgan says may face SEC action on mortgage bonds
JPMorgan Chase & Co said it may face federal enforcement actions stemming from two investigations into mortgage-backed securities that went bad in the financial crisis.
Goldman Sachs, Wells Fargo, JPMorgan May Face SEC Charges
Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. have been warned by the Securities and Exchange Commission that they might face inquiries tied to mortgage-backed securities offered to investors several years ago.
Stock index futures point to a firmer start
U.S. stock index futures pointed to a firmer open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 0.1-0.2 percent at 4:58 a.m. ET.
JPMorgan targets $24 billion in annual profits
JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.
JPMorgan targets $24 bln in annual profits
JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.