Jpmorgan chase Stories
Lehman to sell Toy Center for $700 million: report
Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter.
Madoff trustee seeks $19 billion from JPMorgan
The trustee seeking money for Bernard Madoff's victims is now seeking $19 billion from JPMorgan Chase & Co, tripling the amount he hopes to recover from what was once the main bank of the imprisoned Ponzi schemer.
Madoff trustee seeking $19 billion from JPMorgan
The trustee seeking money for Bernard Madoff's victims filed an amended complaint on Friday more than tripling the amount of damages he is seeking to recover from JPMorgan Chase & Co, once the imprisoned Ponzi schemer's main bank.
Bondholder lawsuit over WaMu seizure revived
A U.S. appeals court on Friday revived a lawsuit by bondholders of the failed Washington Mutual Bank who are challenging the thrift's seizure by the FDIC and sale to JPMorgan Chase & Co .
Court clears Lehman unit settlement with JPMorgan
Federal bankruptcy court approved on Thursday a settlement between the Lehman Brothers brokerage and JPMorgan Chase & Co in which the bank will return more than $800 million of cash and securities to resolve claims brought by the Lehman trustee.
JPMorgan to pay $154 million in mortgage case
JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation's housing market was starting to plummet.
JPMorgan To Pay $153.6M To Settle SEC Charges
JPMorgan Chase, the Wall Street bank that during the financial crisis has managed to remain afloat has agreed to pay $153.6 million to settle claims by the U.S. Securities and Exchange Commission it designed and sold a product linked to risky mortgages during the housing market collapse of 2007.
PNC Financial to buy RBC unit for $3.45 billion: sources
PNC Financial Services Group Inc has agreed to buy Royal Bank of Canada's U.S. retail bank operations for $3.45 billion in cash and stock, two people familiar with the matter said on Sunday.
FDIC, WaMu ex-CEO nearing settlement of lawsuit
Former Washington Mutual Inc Chief Executive Kerry Killinger and two of his top lieutenants are nearing a settlement with the Federal Deposit Insurance Corp over the failure of what was the largest U.S. savings and loan.
Wall Street takes aim at staff levels, expenses
Traditionally fat expense accounts on Wall Street are about to get slashed as major banks set out to cut spending and staffing due to weaker markets and new regulation that will cut in to their profits.
Madoff trustee readies amended JPMorgan lawsuit
The trustee seeking money for Bernard Madoff's victims plans to amend by June 24 his $6.4 billion lawsuit against JPMorgan Chase & Co , once the imprisoned Ponzi schemer's main bank.
JPMorgan dismisses mortgage head Lowman
JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who had been sidelined in February after the bank racked up billions of dollars in losses on mortgages and became mired in litigation over foreclosures.
JPMorgan pushes out mortgage head Lowman
JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of dollars in losses on soured mortgages and became mired in litigation over a wave of foreclosures.
Pre-market movers on June 9 (M, SJM, MSI, S, SEE, CUK, JPM, CHK, SUN, SEP, URBN)
The companies whose shares are moving in pre-market trade on Thursday are: Macy's, J M Smucker, Motorola Solutions, Sprint Nextel, Sealed Air Corp, Carnival, JPMorgan Chase, Chesapeake Energy, Sunoco, Spectra Energy Partners and Urban Outfitters.
Alabama's Jefferson County to Put One Third of Workers On Leave
Alabama's Jefferson County, still reeling from a deal to finance a sewage system that has left the county deeply in debt, will put a third of its workers on unpaid administrative leave in an attempt to save money.
Wall Street plummets on weak data, led by banks
U.S. stocks slumped more than 1 percent in their worst day in more than two months on Wednesday after data that pointed to an economy running out of steam.
Gold Bullion Prices Surge To $1550 As Investors Return To Risk
Wholesale Gold Bullion Prices surged up by nearly $20 on Wednesday morning, reaching $1550 per ounce while stocks and commodities were flat.
BofA, JPMorgan, Wells form JV for online banking services
Bank of America Corp, JPMorgan Chase & Co and Wells Fargo & Co have teamed up to create a joint venture for online banking services.
AIG stock falls after $8.7 billion share sale
Shares of American International Group Inc fell more than 3 percent on Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of stock.
Wall Street flat as growth worry offsets oil
U.S. stocks slipped on Tuesday as a rebound in commodity prices failed to offset lingering concerns about a slowdown in manufacturing growth.
Wall Street slightly higher as commodities gain
Stocks rose modestly on Tuesday as stronger oil prices led a rebound from the previous session when stocks closed at their lowest in a month.
WaMu agrees on post-bankruptcy control: report
Washington Mutual Inc reached an agreement on Friday that would give shareholders control of the company after it exits bankruptcy, according to a report by Bloomberg News.
Mortgage mess dominates JPMorgan annual meeting
JPMorgan Chase & Co Chief Executive Jamie Dimon faced harsh questions about mortgage foreclosures at the bank's annual meeting, and he promised the company would fix what it could.
Recovery may be gathering steam: JPMorgan's Dimon
JPMorgan Chase & Co Chief Executive Jamie Dimon said the U.S. economic recovery may be gathering steam.
Citi reinstates quarterly dividend at 1 cent
Citigroup Inc declared its first dividend in more than two years on Friday, announcing it will pay a penny per share on June 17, but analysts said the bank could take a while to pay the kinds of dividends that its rivals do.
FDIC's Bair seeks higher short-term capital buffer
U.S. regulators should impose even higher capital requirements on large financial firms until they prove they can be wound down if they became insolvent, Federal Deposit Insurance Corp Chairman Sheila Bair said on Thursday.
JPMorgan denies gouging Lehman in $8.6 billion fight
JPMorgan Chase & Co urged a bankruptcy court on Tuesday to throw out Lehman Brothers Holdings' claim demanding that it hand over $8.6 billion in cash taken as collateral in the weeks before Lehman imploded in September 2008.
JPMorgan in talks with SEC to resolve probe
JPMorgan Chase & Co is in advanced talks with U.S. regulators to resolve a probe into its role in selling subprime mortgage-backed bonds in 2007, a case that highlights a rare misstep by Chief Executive Jamie Dimon.
SEC subpoenas JPMorgan over failed mortgages: report
JPMorgan Chase & Co has received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, Bloomberg said, citing a person familiar with the investigation.
Thornburg trustee sues big banks for $2.2 billion
The trustee for bankrupt Thornburg Mortgage Inc has sued Goldman Sachs, Barclays and other big banks for a combined $2.2 billion, blaming them for the former home loan company's bankruptcy.