Jpmorgan chase Stories
Fidelity seeks to enter China via trust venture -source
Mutual fund giant Fidelity is actively preparing to enter China by securing a trust company licence in one of the world's fastest-growing asset management market, a person familiar with the situation said on Wednesday.
New York chief judge assures legal help to needy homeowners who are facing foreclosure actions
New York's chief judge has taken steps to provide homeowners facing foreclosure legal representation free of charge.
NetApp shares plunging on downgrades
Shares of NetApp Inc. (Nasdaq: NTAP) are plunging after a series of brokerage downgrades on the data storage company.
Ex-JPMorgan star unveils Rothschild hedge funds JV
Former JPMorgan banker Bill Winters is teaming up with Lord Jacob Rothschild, a senior member of one Europe's most revered banking dynasties, to launch an asset management and hedge fund business in London.
JPMorgan ignored client red flags post-Madoff: lawsuit
A former JPMorgan Chase & Co private banker has filed a new whistleblower complaint against the bank, saying it ignored many red flags about a suspicious client even after the fraud of another client, Bernard Madoff, was exposed.
JPMorgan planning media fund: report
JPMorgan is planning on starting a fund of between $500 million and $750 million to invest in Internet and digital media companies, the Wall Street Journal said on Sunday.
White House backs standard for mortgage servicers
The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
Banks to Get Green Light on Dividend Hike (BK, COF, JPM, PNC, STT, USB, WFC)
RBC Capital Markets said banks with strongest capital and increased profitability are expected to get green light on dividends. The Federal Reserve is expected to approve dividend increases.
Obama tries to woo business, slams burdensome tax
President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle burdensome corporate taxes in a speech to a business group that has long been a fierce critic.
Regulators seek to foil bank moves to undermine pay reform
Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.
Deposit insurance costs climbing for big banks
Mega-banks will have to pay more for U.S. deposit insurance under a new regulation set for final approval on Monday as the government advances a boatload of financial oversight changes.
Obama calls on business to do more to boost U.S.
President Barack Obama called on U.S. businesses on Saturday to do more to boost the economy by hiring more workers and making investments.
U.S. to force Wall Street to defer half of bonuses
U.S. regulators will propose on Monday that executives at the largest financial institutions have half of their bonuses deferred for at least three years as part of efforts to curb excessive risk taking, according to two people familiar with proposal.
JPMorgan Chase turned a blind eye to Madoff's epic Ponzi scheme, alleges $6.4 bln lawsuit
Top executives at JP Morgan Chase & Co. knew about the massive Ponzi scam of the bank's client Bernard Madoff much before it became public but turned a blind eye to it, hoping to protect the bank's interests, according to a $6.4 billion lawsuit filed by a court-appointed trustee seeking to recover money for former Madoff clients.
U.S. stocks rise, despite conflicting U.S. jobs data and continued Middle East turmoil
U.S. stocks, led by insurer Aetna, finished the day strong amid a conflicting U.S. jobs report from the Dept. of Labor.
U.S. stocks narrowly mixed amid conflicting job growth report
Dow and S&P 500 are down slightly today, as investors struggled to interperet the January jobs report from the U.S. Dept. of Labor
JPMorgan to launch new fund specializing in distressed real estate
New JPMorgan fund will buy distressed real estate debt, even though many critics believe that the firm itself is, in part, responsible for much of the distressed real estate in the U.S.
Top JPMorgan executives were warned about Madoff: trustee
JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.
JPMorgan ignored suspicions about Madoff: lawsuit
JPMorgan Chase & Co executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments and continue doing business with him, a newly released $6.4 billion lawsuit claims.
Top JPMorgan execs were warned about Madoff: trustee
JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.
Proposed class action targets BofA on foreclosures
Bank of America Corp was hit with a lawsuit on Wednesday claiming the lending giant hid foreclosure problems that eventually led to a decline in its share price.
Tribune lenders drop competing bankruptcy plan
A group of lenders has withdrawn its plan for reorganizing newspaper owner Tribune Co, leaving two proposals for ending the company's two-year stay in bankruptcy, according to court documents.
Dimon defends bankers at Davos
Jamie Dimon, the chief executive officer of JP Morgan Chase (NYSE: JPM) defended the banking industry during a question-and-answer session with the media at a symposium at the world economic forum in Davos, Switzerland.
About half U.S., UK banker bonuses rise: survey
Roughly half of bankers in Britain and the United States received increased bonuses for 2010, according to a survey released on Tuesday.
Judge says Bear Stearns investor case can proceed
- Plaintiffs in one of the biggest U.S. investor lawsuits stemming from the financial crisis got a boost from a judge, who said a case against fallen investment bank Bear Stearns and its outside auditor, Deloitte & Touche, can go forward.
Are executive pay hey-days back?
As the economy recovers, companies across industries indicate a cautious but definite return to attractive packages for its top bosses.
WaMu eyes March bankruptcy exit: attorney
Washington Mutual Inc could be out of bankruptcy in March after reworking its recently rejected plan of reorganization, the attorney overseeing the company's bankruptcy said on Tuesday.
Instant view: Citigroup earns $1.3 billion, misses estimates
Citigroup Inc posted a $1.3 billion quarterly profit on Tuesday, as the third-largest U.S. bank rounded off a year of recovery from the financial crisis, but the results fell short of estimates and the bank's shares fell.
Citigroup misses estimate as revenues fall
A sharp drop in bond trading revenue pushed Citigroup Inc fourth-quarter profit far below expectations, highlighting Chief Executive Vikram Pandit's challenges in fully reviving the bank.
Citigroup set to post fourth quarterly profit
Citigroup Inc, the bank that took $45 billion in U.S. bailout funds during the financial crisis, is widely expected to report its fourth consecutive quarterly profit on Tuesday, signaling to investors that it has largely completed its recovery.