Jpmorgan chase Stories
WaMu called time bomb as ex-CEO laments seizure
Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.
WaMu execs blame regulators for its demise
Former Washington Mutual Chief Executive Kerry Killinger on Tuesday said regulators unfairly seized the Seattle-based thrift in September 2008 and sold it to JPMorgan Chase & Co. for a bargain price of $1.9 billion.
'Al-Qaida' in gold market?
Gold has the dubious distinction of abetting crimes across the globe. And, this time the yellow metal has done something which the world has never seen or heard till now. It is worse than 9/11 or 26/11 terror strikes on World Trade Center and Mumbai respectively. You must be wondering where did such a big crime occurred. Because, this terrorism is a bloodless one. Here, only gold and dollars are involved - that too in trillions. The new crime is called financial terrorism. And if you dare to ex...
Market edges up before Alcoa, after Greece deal
U.S. stocks advanced on Monday as anticipation of solid first-quarter corporate earnings buoyed sentiment along with an announcement of an emergency aid plan for Greece.
Tribune lenders say bankruptcy plan unfair
A group of Tribune Co lenders on Monday labeled the U.S. newspaper publisher's proposed plan to exit bankruptcy unfair and said they deserve the right to propose an alternative.
Regulators failed to supervise Washington Mutual: report
U.S. regulators did not properly supervise Washington Mutual Inc, even as the savings and loan began to crumble because of the subprime mortgage crisis, a federal investigation concluded, the New York Times reported.
U.S. bank investors: Show me the money
Citigroup Inc , JPMorgan Chase & Co and Bank of America Corp may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.
California queries banks' role in underwriting and CDS
California Treasurer Bill Lockyer has sent a letter to six big banks that underwrite the state's municipal bond sales, asking what the banks' role may be in also selling credit default swaps on Californian debt.
Commodities take Asian stock markets higher
Asian stock markets rose on Tuesday as the weak U.S. dollar spurred overnight gains in commodities, boosting commodity-linked stocks in the region.
Treasury to sell Citi common shares in 2010
The Treasury on Monday pledged to sell its 7.7 billion Citigroup Inc shares this year, a step that further reduces the government's influence on the banking giant.
Bank of America continues Asia hiring push
Bank of America Corp has hired four new executives in its global banking business, including three hires in Asia, as part of its continued push into international banking.
JP Morgan payoff in WaMu case faces FDIC hurdle: report
The Federal Deposit Insurance Corp is not yet on board with Washington Mutual Inc's bankruptcy reorganization plan, including a massive tax refund to JPMorgan Chase & Co , according to the company and a Wall Street Journal report.
Bankers named suspected conspirators in muni case
Nearly 30 bankers from more than a dozen financial companies have been named by the federal government as suspected co-conspirators in a broad investigation into pricing of certain municipal derivatives, according to court documents.
Bankers named as suspected conspirators in muni case
Nearly 30 bankers from more than a dozen financial companies have been named by the federal government as suspected co-conspirators in a broad investigation into pricing of certain municipal derivatives, according to court documents.
JPMorgan closes in on tax refund deal with FDIC: report
JPMorgan Chase is closing in on a deal with the Federal Deposit Insurance Corp that could result in a tax refund of about $1.4 billion for the bank, the Wall Street Journal reported, citing people familiar with the talks.
Obama pay czar to look back at Wall Street pay
Obama administration pay czar Kenneth Feinberg plans to review past compensation at 419 companies that received bailout funds, including JPMorgan Chase , Goldman Sachs , according to a source close to the Treasury Department.
BofA CEO Moynihan makes first trip to China: report
Bank of America Corp Chief Executive Brian Moynihan is making his first trip to China this week as the U.S. lender pushes to catch up with rivals in the world's fastest-growing economy, the Wall Street Journal reported, citing people familiar with the situation.
JPMorgan CEO Dimon's 2009 salary $1.32 million
JPMorgan Chase & Co , the second-largest U.S. bank, paid Chief Executive Jamie Dimon $1.32 million in salary and extra compensation in 2009, according to the company's proxy filing.
Banks' fourth quarter trading revenue falls 66 percent
Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
President would tap NY Fed chief under Dodd bill
The New York Federal Reserve Bank's president would become a political appointee and bank chiefs like JPMorgan Chase's Jamie Dimon could no longer sit on the board of their regulator under a proposal unveiled by the head of the Senate Banking Committee on Monday.
Credit card data hints at U.S. consumer rebound
Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession.
Credit card data evidence of consumer rebound
Credit card delinquency rates slipped or held firm at most major U.S. lenders last month, showing fewer Americans are falling behind on bills, and providing some evidence that the worst of consumers' stress may be over.
Credit card data signals consumer stress easing
Credit card delinquency rates slipped or held firm at five major U.S. lenders last month, showing fewer Americans are falling behind on bills and suggesting the worst of consumers' stress may be over.
JP Morgan fund invests in China, India
JP Morgan (JPM.N) Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets
WaMu deal resolves fallout from record bank failure
Washington Mutual Inc said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in the cold.
Examiner sees gimmicks in Lehman demise
Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
Lehman insolvent weeks before bankruptcy: examiner
Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing.
JPMorgan agrees to form China securities JV -magazine
U.S. bank JPMorgan has agreed to set up an investment banking venture with China's First Capital Securities this year.
Regulators tell banks to restrict dividends, buybacks: report
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
Nasdaq rises on upgrades, market barely budges
Technology shares pushed the Nasdaq higher on Monday on an otherwise flat day for stocks, led by BlackBerry maker Research in Motion and Cisco Systems.