Jpmorgan chase Stories
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.
Bank and apparel retailers lead stock market higher
After digesting a slew of economic data, the stock market edges higher in the afternoon session as big banks and apparel retailers emerge as market leaders.
WaMu shareholders urge for an annual meeting: court filing
Shareholders of Washington Mutual Inc have filed a complaint against the savings bank holding company for not convening an annual shareholders' meeting for nearly two years, court documents show.
Goldman board rejects shareholder demands on pay
Goldman Sachs Group Inc's board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices.
UK's Pru plans $20 billion rights offering
Britain's Prudential Plc plans to do a rights offering of about $20 billion to finance a $35.5 billion purchase of American International Group's Asian life insurance unit, a source familiar with the situation said on Sunday.
JPMorgan CEO wary of double-dip, cautious on dividend
JPMorgan Chase & Co's chief executive said he is in no hurry to raise the bank's dividend due to an economy that he warned could still be threatened by a double dip scenario.
The Street's jobless recovery
When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty.
JPMorgan may buy stake in Brazil's Gavea: report
JPMorgan Chase & Co is in talks to buy a stake in Brazilian hedge fund and private equity firm Gavea.
Lehman Brothers settles collateral claims with JPMorgan
Lehman Brothers Holdings has agreed with JPMorgan Chase & Co to settle about $7.68 billion in collateral obligations that were pending following Lehman's bankruptcy filing in 2008, court documents showed.
NY says Wall St bonuses up 17 percent to $20.3 billion
Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
Obama heralds credit card rules
The Obama administration heralded new rules protecting U.S. credit card holders from certain fees and rate increases on Monday, even as Connecticut's Attorney General criticized the Federal Reserve for not using the rules to reverse earlier card rate hikes.
Stocks inch up with banks, but Fed caution drags
U.S. stocks edged higher on Monday as takeover news and gains in bank shares on hopes of a regulatory reprieve were offset by uncertainty over the Federal Reserve's policy intentions.
Futures dip on Fed's discount rate rise announcement
Stock index futures fell on Friday on a surprise increase in the Federal Reserve's discount rate that signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.
Metlife, AIG deal may be paused by tax dispute: WSJ
The pending $15 billion sale of a unit of American International Group to MetLife may be pushed back by a tax dispute that may require a ruling from the Internal Revenue Service, the Wall Street Journal reported.
Credit card delinquency rates level off
The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off.