Jpmorgan chase Stories
Public pension funds seek foreclosure reviews
A coalition of seven major public pension systems, led by New York City Comptroller John Liu, has asked the boards of four of the largest U.S. banks to examine their mortgage and foreclosure practices.
Earnings to set tone, upside seen limited
Investors head into this week on the defensive as the potential for U.S. equity gains could be limited even if earnings begin on a strong note.
Earnings to set tone, upside may be limited
Investors head into next week on the defensive as the potential for U.S. equity gains could be limited even if earnings begin on a strong note.
Wall St Week Ahead: Earnings to set tone, upside may be limited
Investors head into next week on the defensive as the potential for U.S. equity gains could be limited even if earnings begin on a strong note.
Wall Street expands in red-hot mainland China
JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.
Bank shares falling on Mass. Court ruling on foreclosures
Bank shares are weakening after the Massachusetts State Supreme Judicial Court upheld a decision that two foreclosures from U.S. Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC) were not valid because the banks did not properly show they held the mortgages at the time of the foreclosure.
COLUMN: Daley appointed as CoS, JPMorgan the new Goldman Sachs?
Politicians now prefer to appoint JPMorgan executives to highly-visible positions rather than risk public outrage by choosing their Goldman Sachs counterparts.
Wall Street futures fall ahead of U.S. payrolls
U.S. stock index futures edged down on Friday, as caution prevailed ahead of the release of U.S. non-farm payroll figures, with futures for the S&P 500, the Dow Jones and the Nasdaq down 0.1 to 0.2 percent by 4:42 a.m. ET.
China OKs JPMorgan, Morgan Stanley joint ventures
Chinese securities regulators on Friday approved the joint ventures of J.P. Morgan Chase & Co and Morgan Stanley , bringing the banks a step closer toward operating securities businesses in China that they, and other banks, have long sought.
U.S. lender CapitalSource explores sale: report
Commercial lender CapitalSource Inc has hired a financial advisor to explore a potential sale of the company, the Wall Street Journal reported, citing people familiar with the matter.
Wall Street rises on jump in private jobs number
Stocks advanced on Wednesday as a much stronger-than-expected rise in private sector employment boosted optimism about the outlook for the economy and stocks.
Top lenders set for foreclosure settlement: report
The five largest mortgage loan servicers, including Bank of America Corp and JPMorgan Chase & Co, may be the first to settle with 50 state attorneys general who are investigating foreclosure practices, Bloomberg reported, citing Iowa Attorney General Tom Miller.
JPMorgan, Barclays drop opposition to MBIA split
JPMorgan Chase & Co and Barclays Plc dropped their opposition to MBIA Inc's plan to restructure its businesses.
GM shares up after high marks from Wall Street
General Motors Co shares rose as much as 3.1 percent and closed 2.1 percent higher on Tuesday after banks resumed coverage of the automaker with high marks for its strong post-bailout balance sheet and its position in emerging markets.
WaMu settlement deadline extended
Washington Mutual Inc reached agreement to extend a key deadline in its $10 billion settlement that is at the end of its plan to end its bankruptcy, according to a court filing on Tuesday.
GM up after high marks from Wall Street
General Motors Co shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.
JPMorgan tops fee pool, equity business takes hit
JPMorgan took a hit in its equity capital markets business in 2010 even though its dominance in debt markets allowed it to cling on to the global top spot for investment banking fees.
Financials put S&P on track for fifth day of gains
Stocks rose on Wednesday on strength in financials, putting the S&P 500 on the path for a fifth-straight session of gains and lifting it to levels not seen since before Lehman Brothers Holdings' bankruptcy.
Judge seeks extension of WaMu deal deadline
A judge said on Monday she needs more time to rule on Washington Mutual's $10 billion deal aimed at bringing the company out of bankruptcy, and asked the parties to extend a key deadline, according to court documents.
SEC expands mortgage probe: sources
Securities regulators have broadened their inquiry into the mortgage industry, asking big banks about the early stages of securitizing home loans, two sources familiar with the probe said.
SEC sends more subpoenas in mortgage probe: sources
U.S. regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization, two sources familiar with the probe said.
Credit card delinquencies, usage fall
Credit card delinquency rates fell at major U.S. lenders in November as fewer consumers fell behind on their bill payments, signaling they are recovering from the stress of the financial crisis.
JPMorgan denies it holds 90 pct of LME copper stocks
U.S. investment bank JPMorgan said it does not hold more than 90 percent of copper stock warrants in London Metal Exchange warehouses, but declined on Tuesday to comment on whether it had a smaller position.
European equities to fare well in 2011: Bloomberg survey
European equities will beat 2010 gains by the end of next year, as companies get some help from better earnings and record-low interest rates that will overcome the sovereign debt crisis, Bloomberg said, citing a survey of 13 strategists.
Bank of America settles, U.S. continues bond probe
Bank of America Corp will pay $137 million to settle a municipal bond bid-rigging probe which is likely to result in more cases being filed in the coming weeks and months.
Penn. law firm accused of using non-lawyers to review, sign foreclosures
A Pennsylvania-based law firm has been sued for using non-lawyers to review, sign and file foreclosures that caused people to lose their homes.
Shareholders open attack on WaMu's bankruptcy plan
Washington Mutual Inc defended on Thursday its plan to repay creditors, while an attorney for disgruntled shareholders attacked the proposal because it leaves them with nothing.
Don’t blame bubbles on the Fed: Dudley
New York Fed President William Dudley said loose monetary policy from the Federal Reserve was not the chief cause of the subprime mortgage crisis.
Paulson reduces exposure to financial holdings
Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter
'Robo-signers' effect: U.S. foreclosures dip in Oct
Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.