Jpmorgan chase Stories
Alabama's Jefferson County OKs bankruptcy filing
Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history.
Tech IPOs: Will Groupon Tempt Facebook, Others Now?
Now that Groupon has finally gone public, raising $700 million through its Nov. 4 IPO, how about some others in the pipeline as well as the king of them all, Facebook?
Goldman Faces Lawsuits Over $15.8 Billion in Mortgages
Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
Chicago's Harris Bank Plays Role in MF Global Mess
The hunt for the missing $600 million in customer money at MF Global Holdings Ltd may begin with Harris Bank, a Chicago-based lender that often holds client money for many large futures brokerage firms.
Wall Street workers' pay to fall 20-30 percent: report
The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut costs and lay off workers in a weak environment for trading and deal-making.
Bank Transfer Day protest a marketing boon for some
Bank Transfer Day -- the protest movement urging Americans to take their business out of big banks on Saturday and put it into credit unions and local banks -- is being used as a marketing opportunity by some.
G-20 Identifies 29 Major Banks Requiring More Capital, Closer Supervision
World leaders on Friday identified 29 banks deemed so important to the global financial system that they require more capital and closer supervision, as well as a plan that would safeguard taxpayers should they fail.
The Bank of Technology: Top 10 Leaders have $300 Billion in Cash, Investments
Forget about the quarterly earnings. Just look at what’s in their treasuries. An IBTimes compilation of 10 of the top technology leaders determined they are sitting on a record $301.3 billion in cash and investments.
ING to Cut 2,700 Jobs, Takes Greek Bond Hit
Dutch financial services group ING is to cut 2,700 staff and contract jobs, it said on Thursday in announcing third-quarter results, slashing the headcount at its Dutch retail banking operations by 10 percent in the face of deteriorating markets.
Occupy Protesters Shut Down Port of Oakland
Protesters shut down operations at Oakland's port and blocked traffic Wednesday in demonstrations against economic inequality and police brutality that were marred by scattered vandalism.
Wall Street Rises on ADP Jobs Report, Fed on Tap
Stocks rebounded after two days of losses on Wednesday, aided by upbeat job market data as investors eyed a crisis meeting about Greece and a Federal Reserve policy session.
BofA Employees Flood Bank's Rivals With Resumes
Bank of America Corp. employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank
Most of $19.9 billion Madoff case vs JPMorgan tossed
A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud.
JPMorgan, UBS AG win dismissal in Madoff case
JPMorgan Chase & Co and UBS AG won dismissal of dozens of claims made against the banks by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud.
U.S. Stocks Plunge on Greek Referendum Worries
The major US banks were particularly hammered.
Bank of America Drops $5 Debit Card Fee in Major Concession
Bank of America has canceled its plans for a $5 monthly debit card fee in response to public backlash, making it the last major bank to retreat. Bank of America had proposed the fee in response to the 2010 Dodd-Frank financial regulatory bill.
Judge Rejects Media Giant Tribune's Bankruptcy Exit Plan
Tribune Co, the owner of the Los Angeles Times and Chicago Tribune newspapers, suffered a legal defeat on Monday after a judge late Monday rejected its plan to end its three-year stay in bankruptcy.
Credit Unions Capitalize on Bank Fee Displeasure
With customers angry about new bank fees, credit unions have been trying to use the displeasure to gain more customers.
SunTrust to Drop $5 Monthly Debit Card Fee from Nov. 2
SunTrust Banks Inc said on Monday it planned to drop a $5 monthly debit card service fee, adding the Atlanta-based regional bank to the list of lenders dropping such maintenance fees amid rising public criticism of the industry.
MF Global’s Fall: New York Fatality to Euro Crisis
The bankruptcy of New York-based MF Global Holdings brought the European debt crisis to New York, wiping out a respected firm and tarnishing the reputation of a former Goldman Sachs CEO.
Asian Stocks and Commodities Slip After Japanese Move Boosts Dollar
Asian shares fell Monday and commodities slipped as the dollar spiked to a three-month high against the yen following Japan's intervention, prompting investors to book profits after last week's rally.
MF Global Seeks Sale, All Options on Table: Source
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
Wells Fargo Drops $5 Debit Card Fee Plan
Diversified financial services firm Wells Fargo & Co. (NYSE:WFC) said it is cancelling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.
Bank of America May Revamp Proposed Debit-Card Fees
The Bank of America Corp., after receiving heavy public criticism for a planned $5-per-month debit-card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
Bank of America revamping debit card fees
Bank of America Corp, after receiving heavy public criticism for a planned $5-per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
MF Global Aims to Arrange Sale Over This Weekend: Source
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
Bank of America Scaling Back Debit Card Fees
Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
Mortgage Probe May Open New Path for Housing Relief
A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the mortgage debt owed by homeowners.
U.S. Stocks Surge; Vive la Eurozone!
In the U.S., bank stocks performed especially superbly.
Wall Street soars 3 percent as Europe deal draws buyers
Stocks surged 3 percent on Thursday as an agreement by European leaders to help contain the region's two-year debt crisis lifted a cloud hovering over markets.