Jpmorgan chase Stories
BofA CEO Lewis out by year's end, search on for successor
Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.
Judge rules BofA suit over Bear loss can proceed
A federal judge said Bank of America Corp may pursue a lawsuit accusing former Bear Stearns Cos managers Ralph Cioffi and Matthew Tannin of lying in an attempt to prop up two failing hedge funds.
JPMorgan plans to build investment business overseas-FT
JPMorgan Chase's investment bank is planning a push to win more business outside the United States by building on the group's financial ties with overseas companies, its head Jes Staley told the Financial Times.
Corrected: JPMorgan reshuffles leadership in succession clue
(Corrects age of Staley to 52 in paragraph 8 and corrects paragraph 13 to show Winters was in London, Black in New York)
CCMP hires former Anadarko COO Kurz
Private equity firm CCMP Capital Advisors said on Tuesday it hired former Anadarko Petroleum Corp Chief Operating Officer Karl Kurz to help with the firm's energy investments.
Daily Wrap Up - Sept 29
Credit Card Crackdown; Consumer Bluesfor Stocks; CIT's Debt Plan
JPMorgan reshuffles leadership in succession clue
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Tuesday he is starting to look for a successor, and he named Jes Staley, current head of the No. 2 U.S. bank's asset management unit, to the key post of investment bank CEO.
RBC to buy JP Morgan's investment adviser business
Royal Bank of Canada said on Tuesday it reached a deal to buy JPMorgan Chase & Co's investment adviser servicing business, the latest step by RBC to expand its U.S. wealth management division.
Jes Staley in line to succeed JPMorgan CEO Dimon
JPMorgan Chase & Co's co-chief executives of its investment bank have been replaced by Jes Staley, current head of the No. 2 U.S. bank's asset management unit, possibly putting him in a position to succeed CEO Jamie Dimon.
JPMorgan investment banking co-CEO leaves
JPMorgan Chase & Co said on Tuesday its co-chief executive of investment banking is leaving, one of several management changes that are part the bank's succession plan.
JPMorgan drops claims to Reijtenbagh art -report
Dutch investor Louis Reijtenbagh's family has reached a settlement with JPMorgan Chase & Co over the family's art collection, a Dutch newspaper reported on Monday.
U.S. banks report $5.2 billion in Q2 trading revenue
U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.
Small businesses see U.S. economy improving
Many U.S. small businesses are optimistic about growth and see the economy improving in three to six months, according to a survey released on Friday.
Morgan Stanley leads as M&A shows signs of life
Morgan Stanley is outrunning archrival Goldman Sachs as 2009's busiest adviser on mergers as optimism grows that the crippling effects of the financial crisis on dealmaking may be easing.
Daily Outlook - Sept 25
Rising Powers at Table; Way Opening for Buyouts; Loan Losses Grow
JPMorgan leads pack as underwriting drives fees
Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees.
Citi to cut back U.S. branches to six cities: report
Citigroup Inc , the bank bailed out with $45 billion by the U.S. government, plans to cut down its U.S. branch network to six big metropolitan areas, the Wall Street Journal said on Wednesday on its website, citing people familiar with the situation.
JPMorgan ups offer for EcoSecurities
A JPMorgan Chase & Co vehicle on Wednesday increased its cash offer for London-listed carbon offset aggregator EcoSecurities, garnering further support from shareholders.
JPMorgan launches first charge card, targets firms
JPMorgan Chase & Co, the second-largest U.S. bank, launched a charge card for small businesses on Wednesday, entering a market long dominated by American Express Co.
U.S., accused Bear managers battle over evidence
U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government's access to documentary evidence.
Microsoft gains U.S. search share: comScore
Microsoft Corp's new Bing search engine continued to take share from Google Inc, grabbing 9.3 percent of the U.S. Internet search market in August, according to data released on Monday.
Cazenove, JPMorgan close to joint venture buyout terms: report
Senior management at Cazenove and JPMorgan are thought to be close to agreeing a price for Cazenove's share of their J. P. Morgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.
Cazenove, JPMorgan mull joint venture buyout terms: report
Senior management at Cazenove and JP Morgan are thought to be close to agreeing a price for Cazenove's share of their JPMorgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.
Daily Outlook - Sept 18
Fed Takes Role on Pay; Citi Draws a Line; Airbus Sees Tough Years
Citadel offered lenders debt for equity: report
Citadel Broadcasting Corp offered a deal to exchange a major part of its debt for equity to senior lenders owed $2 billion, including JPMorgan Chase & Co , GE Capital and ING Groep NV , the Wall Street Journal said, citing people familiar with the negotiations.
Discover earnings beat estimates, stock rises
Discover Financial Services posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.
Credit card losses climb with jobless rate in August
A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.
Credit card losses climb with jobless rate in Aug
A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.
U.S. credit card defaults up, signal consumer stress
Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks' consumer lending woes are far from over.
Wall Street edges up after data
Stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.