Jpmorgan chase Stories
U.S. credit card defaults fall, but delinquencies up
U.S. credit card companies said defaults fell more than expected in October, but delinquencies mostly rose in a sign that consumers remain under stress and the sector can expect more pain ahead.
J.P. Morgan seen close to $1.7 billion Cazenove deal
J.P. Morgan is close to buying out British stockbroker Cazenove in a deal likely to be worth almost 1 billion pounds ($1.7 billion) and trigger windfalls for dozens of London's top dealmakers.
Hedge fund billionaire Paulson reports new Citi stake
Hedge fund billionaire John Paulson's firm took a stake in Citigroup , while cutting holdings in Bank of America and its interest in Goldman Sachs , according to a regulatory filing on Friday.
U.S. watchdog: Need way to unwind troubled firms
The United States needs a credible way to dismantle large troubled financial institutions to squash a belief that some firms will always be rescued, a top U.S. government watchdog said on Friday.
Mid-Day Minute - Nov 13
End 'Too-Big-To-Fail,' says JPMorgan Chief; Consumers Down; No Double-Dip
JPMorgan CEO Dimon: End too big to fail
JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail ethically bankrupt and said regulators should have the power to wind down even the largest lenders.
JPMorgan's Dimon says end too big to fail
JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail ethically bankrupt and said regulators should have the power to wind down even the largest lenders.
Former bankers look to buy failing banks: report
Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG , the Wall Street Journal reported citing sources.
Ex-Bear Stearns hedge fund managers acquitted
Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis.
Trial of ex-Bear Stearns execs goes to jury
Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.
JPMorgan to add $4 bln in small business loans
JPMorgan Chase & Co is raising lending to small businesses by $4 billion this year and hiring more than 300 new bankers to cater to these businesses.
JPMorgan lifts salary freeze
JPMorgan Chase & Co is lifting a salary freeze it put in place last year, according to an internal memo from human resources director John Donnelly.
U.S. trial of ex-Bear Stearns execs goes to jury
The trial of two former Bear Stearns hedge fund managers went to a jury on Monday, the first high-profile Wall Street executives criminally charged with fraud over subprime mortgage-backed securities that fueled the market meltdown.
BofA CEO search to drag until Thanksgiving: report
Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.
BofA CEO search to drag until Thanksgiving - report
Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.
Sparring over evidence at Wall Streeters trial
In closing arguments in the trial of the first high-profile Wall Streeters on fraud charges stemming from the financial crisis, a U.S. prosecutor said two hedge fund managers told black and white lies, but a defense lawyer attacked the government for misleading the jury.
U.S. services sector grows, job losses slow
The U.S. services sector grew modestly for a second month in a row in October and private sector employers cut jobs at the slowest pace in more than a year, adding to signs the economy is crawling back to health.
Bailed-out U.S. banks setting stage for pay bonanza
Eight major banks which were at the front of the line for government bailouts have already set aside $117.6 billion this year to pay employees, almost as much as they paid in all of 2008, a Reuters analysis has found.
Stock futures off as Europe banks offset Burlington deal
U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern was offset by poor results from Swiss lender UBS and a shake-up at two big British banks.
Oil company Denbury to buy Encore for $3.2 billion
Denbury Resources Inc has agreed to buy Encore Acquisition Co for $3.2 billion to create one of North America's largest oil production and exploration companies.
Nine U.S. banks seized in largest one-day haul
U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.
JP Morgan raised concerns about Galleon in 2001: report
JP Morgan Chase & Co raised concerns about Galleon hedge fund founder Raj Rajaratnam and his associates as far back as 2001, the Financial Times reported, citing an internal company document seen by the newspaper.
JPMorgan looks to add financial advisers
JPMorgan Chase & Co , the second largest U.S. bank, is looking to add financial advisers, Chief Executive Jamie Dimon told a conference in New York on Tuesday.
Amcore says undercapitalized, Q3 loss up 8-fold
Troubled lender Amcore Financial Inc posted a seventh straight quarterly loss, hurt by higher provisions, and said it was significantly undercapitalized, sending its shares down 42 percent.
Ex-Bear Stearns man wins email ruling at U.S. trial
Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.
Ex-Bear Stearns manager wins email ruling
Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.
Bonus season puts heat on JP Morgan Cazenove deal
JPMorgan Cazenove's joint venture owners are keen to decide whether J.P. Morgan should buy out its UK investment banking partner before bonuses are set for staff around the turn of the year, industry sources said.
CFTC chief urges clearing of non-major swaps
The U.S. futures regulator urged Congress to require thousands of non-major financial firms and funds to use clearinghouses to reduce the risk of another market collapse as part of its reform of the $450 trillion swaps market.
BofA's Countrywide subpoenaed over VIP program
A U.S. lawmaker said on Friday he issued a subpoena to Countrywide Financial, now part of Bank of America Corp , as part of a probe into whether the lender gave favored terms to lawmakers and other VIPs.
Washington Mutual argues JPMorgan owes it $4 billion
Washington Mutual Inc told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan.