Jpmorgan chase Stories
A Jamie Dimon Manifesto: Bad Public Policy More Dangerous Than Credit Or Market Risks, JPMorgan CEO Writes
In a letter inside JPMorgan's annual report, CEO Jamie Dimon takes aim at bad public policy, which he says poses a threat to the global economy.
US Indicts Seven Iranian Hackers Suspected In Cyberattacks On Dam, US Banks
The indictments announced Thursday by Attorney General Loretta Lynch are only the third time the U.S. has publicly identified suspected cyber adversaries.
Citi Becomes First US Bank Investigated In FIFA Corruption Scandal
The bank announced that it had been subpoenaed over potential ties to alleged bribery and money laundering in world soccer.
Two JPMorgan Traders Fired For Compliance Failures: FT
The bank reportedly dismissed its chief U.S. Treasuries trader after a disagreement over compliance measures.
Why Jamie Dimon Bought $26 Million In JPMorgan Stock: ‘I Had A Morning Where I Wasn't Doing Anything'
The CEO of JPMorgan Chase bought 500,000 shares in his own bank this month. “I had a morning where I wasn’t doing anything.”
JPMorgan Chase Shares Rally After CEO Jamie Dimon Buys $26.6M Of Bank’s Stock; Bank Shares Recover Some Of Their Losses
The CEO and chairman of America’s largest bank scooped up a half-million shares in JPMorgan Chase.
Banks Eye More Cost Cuts Amid Global Growth Concerns
Banks in the U.S. are examining ways to cut expenses even more, as market turmoil have sent the sector’s shares down.
Election 2016: Bernie Sanders Won’t Demand Hillary Clinton Release Transcripts From Paid Speeches
The senator said Sunday it would “be a positive thing” for her to release transcripts of her lucrative Wall Street speeches, but he wouldn't demand it.
Argentina Finalizes $5B Loan From 7 Wall Street Banks To Bolster Flagging Cash Reserves
Argentina is under pressure to comply with a court order to repay its debts before accepting any new lines of credit.
JPMorgan Chase & Co. Earnings Rise In Challenging End Of 2015
The nation’s largest bank by assets posted profit growth in the fourth quarter of 2015, in large part by cutting costs and bonuses.
JPMorgan Misled Private Banking Customers Over Broker Pay, SEC Says
The bank settled Wednesday with the U.S. Securities and Exchange Commission as watchdog agencies increasingly scrutinize compensation arrangements.
Ex-JPMorgan Chase Bankers Charged With Forging ATM Cards To Steal From Accounts
Two personal bankers at the bank's branch in Brooklyn allegedly stole nearly $400,000 from at least 15 accounts between August 2012 and October 2013.
JPMorgan Settles For $307 Million Over Failure To Disclose Conflicts Of Interest
Regulators say the bank steered its wealth management clients to in-house products without disclosing conflicts of interest.
JPMorgan Expected To Pay Financial Regulators $200 Million Over Client Steering Allegations
The financial firm is expected to settle over allegations that it steered clients to in-house products without making proper disclosures, Reuters reported.
Which Banks Are Raising Prime Lending Rates?
Consumers will likely see the impact in the interest they pay on auto loans and purchases made with credit cards.
Huge Dow Chemical, DuPont Merger Isn’t Even Close To The Largest Deal Of 2015
Global mergers and acquisitions activity topped $4.75 trillion this year, with more than 37,000 deals announced so far.
China's Postal Savings Bank Raises $7B Through Stake Sale Ahead Of IPO
On Wednesday, the country's sixth-largest bank by assets said it raised the capital through a 17 percent stake sale to 10 investors ahead of a planned IPO next year.
North American Banks See Cybercrime As Biggest Risk
Cybercrime is now the No. 1 risk for bankers, according to a new survey, with many respondents saying they were powerless against the onslaught of attacks.
S&P Cuts Credit Ratings Of 8 Large US Banks As Federal Reserve Rethinks Bailouts
The credit rating agency's move comes amid growing uncertainty over whether the U.S. Federal Reserve will prop them up in a crisis.
Executives At JPMorgan, RBS Under Investigation For Financial Crisis Misdeeds: WSJ
For the first time, executives at major banks are under investigation for criminal wrongdoing during the subprime mortgage crisis.
JPMorgan Hack: Charges Filed Over Record Hacking Scheme At Top US Bank
The top American bank was among several institutions targeted by a hacking and stock-manipulation scheme, according to U.S. Attorney Preet Bharara.
Global Banks Face $1.2 Trillion Shortfall Under Proposed FSB Rules
Europe's Financial Stability Board has recommended that the world's largest banks create financial buffers to save taxpayers from paying for expensive bailouts in the future.
S&P May Cut Credit Ratings Of 8 Large US Banks, Including JPMorgan And Bank of America
Standard & Poor’s said Monday that the banks may be in for a downgrade if it assesses the prospects of any future government support to be "uncertain."
Barclays Names Ex-JPMorgan Banker James ‘Jes’ Staley As New CEO
The British bank names James Staley, a former JPMorgan Chase executive, as its new leader amid a lackluster performance and vagueness about its future structure.
Morgan Stanley's Profits Slump As Bond Trading Revenue Declines
The firm reported a net income of $1.02 billion, or 48 cents a share, in the third quarter. Analysts had expected earnings of 62 cents a share.
Federal Reserve Rate Hike: Odds Of A 2015 Liftoff Diminish
One Federal Reserve official said this week he did not "expect that it would be appropriate" to raise interest rates in 2015. He's got company.
Big Banks Run Aground On Trading Revenue During Volatile Third Quarter, But Many Eke Out Earnings Gains
Goldman Sachs, JPMorgan and other major lenders reported dampened revenues after a quarter marked by global market volatility.
Earnings Preview: JPMorgan Chase & Co (JPM), Bank of America Corp (BAC), Wells Fargo & Co (WFC), Goldman Sachs Group Inc (GS)
The financial sector is still waiting to benefit from a U.S. Federal Reserve interest rate hike this year.
JPMorgan Again Wins Dismissal Of Whistleblower Lawsuit In US
The bank prevailed in a suit brought by a former vice president who claimed it ignored red flags about a potential client's fraud.
Top Wall Street Banks Stash Billions Of Dollars In Nearly 400 Offshore Tax Havens
Six of the top financial institutions in the U.S. together used nearly 400 recognized tax havens in 2014. Their offshore cash totaled $126 billion.