Jpmorgan chase Stories
Obama tells bankers to help boost economic recovery
President Barack Obama said Monday that Banks must be active in helping accelerate the U.S. economic recovery after receiving help from taxpayers.
Citi to raise $17 billion to repay U.S., escape pay curbs
Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.
Citi to repay U.S. government funds
Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.
Citi near deal to pay back bailout money: reports
Citigroup is nearing a deal with the U.S. government that would allow it to pay back its bailout money, several reports said on Sunday.
Concord Medical, KAR fall in New York debuts
Two companies' shares fell in their debuts on the New York Stock Exchange on Friday, capping a week of poor performance for initial public offerings as investors grow choosier at year-end.
Data lifts Wall Street in light trading
Stocks advanced on Thursday as data showed continuing claims for jobless benefits fell while the trade gap unexpectedly narrowed for October, which should provide a lift to the economy.
Citi, Goldman among banks to meet Obama on Monday
Twelve major banks, including Citigroup Inc , Goldman Sachs Group Inc and JPMorgan Chase & Co , will participate in a White House meeting with President Barack Obama on Monday, an administration official said on Thursday.
House to debate financial regulation overhaul
The U.S. House of Representatives will debate on Thursday the most sweeping changes to financial regulation proposed since the Great Depression, including broad new government powers over large banks and tighter regulation of capital markets.
U.S. House to debate financial regulation overhaul
The U.S. House of Representatives will debate on Thursday the most sweeping changes to financial regulation proposed since the Great Depression, including broad new government powers over large banks and tighter regulation of capital markets.
Drop in credit card use probably a good thing: JPMorgan CEO
JPMorgan Chase & Co. (JPM) CEO Jamie Dimon said Tuesday said it was “probably a good thing” that credit card use is down.
JPMorgan sees consumer losses rising
JPMorgan Chase & Co sees additional losses on credit cards and home loans next year although there are some signs the rate of losses is settling and it may not need to build credit reserves much further, Chief Executive Jamie Dimon said on Tuesday.
CORRECTED: Morgan Stanley shuffles execs ahead of CEO switch
(Corrects share price fall in last paragraph to down 4 cents from down 4 percent)
Morgan Stanley shuffles execs ahead of CEO switch
Morgan Stanley's incoming CEO, James Gorman, began putting his fingerprints on the firm, making its chief financial officer and the head of investment co-heads of its crucial institutional securities unit.
Incoming Morgan Stanley CEO shuffles top management
James Gorman, who takes over as Morgan Stanley's chief executive on January 1, has picked finance chief Colm Kelleher and banker Paul Taubman to run the company's institutional securities unit, the New York bank announced on Tuesday.
S&P 500, Nasdaq end down as banks, tech weigh
The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.
Calendar: JPMorgan Execs Expected on Jan 15 for Review, Q&A of 4Q Results
JPMorgan Chase & Co. Chief Executive Jamie Dimon and Chief Financial Officer Mike Cavanagh are expected to publicly review the bank's financial results for the fourth quarter and take questions from banking sector analysts on January 15.
Hedge funds still keen on big banks
Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.
Judge ends Enron shareholder lawsuit against banks
Exactly eight years after Enron Corp filed for bankruptcy protection, a federal judge has dismissed a lawsuit by investors against banks they accused of helping the energy company commit fraud.
Barclays appoints US lev loan syndicate head - memo
Barclays Capital has appointed Tim Broadbent to lead its U.S. Leveraged Loan Syndicate team, according to an internal memo, filling a gap left when Bill Hughes departed to join Citigroup.
Dow, S&P dip with energy, banks; Amazon aids Nasdaq
The Dow and S&P slipped on Wednesday, with falling oil prices prompting investors to sell some energy shares and concerns about bank profits pressuring the financial sector.
U.S. banks have recognized most credit losses: Goldman
U.S. banks have already recognized two-thirds of an estimated $2.1 trillion to $2.6 trillion in credit losses, but prime mortgage and commercial real estate would contribute more to the remaining losses, Goldman Sachs said.
Mid-Day Minute - Nov 23
Home Sales Still Rising; Gold Hits Record; Soupmaker Campbell Beats Views
Dimon seen as successor to Geithner: report
Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.
BofA may extend CEO search into 2010: report
Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.
Hershey weighs $17 billion Cadbury bid: source
U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
JPMorgan lands Cazenove in $1.7 billion buyout
JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.4 billion).
JPMorgan lands Cazenove in 1 bln pound buyout
JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.36 billion).
Nokia Siemens, One Equity bid for some Nortel assets
Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corp's optical networking and carrier ethernet business, a person familiar with the sale said on Wednesday, challenging Ciena Corp's $526 million bid for the assets.
JPMorgan set to seal Cazenove deal Thurs -sources
U.S. bank JPMorgan Chase & Co is likely to seal its purchase of the half of Cazenove it does not own for just under 1 billion pounds ($1.7 billion) on Thursday, people familiar with the matter said.
Banks sense danger, warn Congress on breakup power
Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.