Jpmorgan chase Stories
All At Sea: The 'London Whale' Leaves JPMorgan
Bruno Iksil, whose trading team were responsible for huge losses of $4.4 billion, was widely expected to leave the bank after he gained notoriety in the wake of the trading scandal.
Wells Fargo Results Friday Seen as Litmus Test for Housing Recovery, Responsible Banking
When San Franciso-based Wells Fargo & Company (NYSE:WFC), releases quarterly results Friday morning, analysts will be examining the corporate filing for hints as to the state of the U.S. housing market.
As JPMorgan Reports Earnings Friday, All Eyes Turn To London Whale
When New York-based banking behemoth JPMorgan Chase and Co. (NYSE:JPM) reports its financial results for the latest quarter on Friday morning, the market's collective attention will be focused on just one figure: the one finally detailing how much JPMorgan lost as a result of its ill-advised strategy of putting huge hedge bets on the CDS derivatives market.
RIM Recovery: Did Heins Just Buy Six Months For BlackBerry?
The late King Hussein of Jordan titled his autobiography ?Uneasy Lies the Head.? That could be the title Thorsten Heins, CEO of Research in Motion (Nasdaq: RIMM), the ailing BlackBerry developer, could use for his book, too.
LinkedIn Gets Pounded On News Of Facebook Challenge
LinkedIn (NYSE: LNKD), the leading professional social networking site, lost as much as 6 percent of its value Monday on a report that Facebook (Nasdaq: FB), the No. 1 social networking site will start direct competition.
RIM's Patents Valued At 85% Of Entire Company By CEO
BlackBerry developer Research in Motion (Nasdaq: RIMM) values its intellectual property at $3.37 billion, or nearly 85 percent of the value of the entire company.
Technology Focus: Is RIM In The ?Death Spiral? Or On Verge Of Revival?
Consider BlackBerry developer Research in Motion (Nasdaq: RIMM): is it in a ?death spiral? or a tarnished diamond that with better management can be revived for a bright future?
New Investments In Euro Funds Restricted In The US
Three of the world's biggest financial institutions in the U.S. are closing their European money market funds to new investments after the European Central Bank (ECB) reduced its benchmark rate to a record low of 0.75 percent and slashed deposit rates to zero on Thursday, undermining global investor confidence.
RIM: Still No News But Value Gains $230M
Despite no announcements ahead of its Tuesday annual meeting, BlackBerry developer Research in Motion (Nasdaq: RIMM) is worth another $130 million by midday Friday.
JPMorgan, Wells Fargo, Alcoa: 6 Earnings Reports To Watch, July 9-13
Earnings season for the second quarter is almost here, with America's biggest aluminum producer, Alcoa Inc., announcing its results on Monday and JPMorgan Chase & Co. disclosing a portion of its total derivatives-trading losses on Friday the 13th.
Pre-Market Movers (Elan Corp, SXC Health, Micron Technology, Alcoa, Veolia, Nokia, Logitech)
Elan Corp, SXC Health Solutions, Micron Technology, Thompson Creek Metals, Alcoa, Veolia Environnement and Nokia and Logitech International are among the companies whose shares are moving in pre-market trading Thursday.
Diamond Denies Gov't Told Barclays To Manipulate Libor Rate
Former Barclays boss Bob Diamond testified Wednesday before the British Parliament's Treasury Select Committee denying that anyone in the British government instructed the bank to manipulate the rate that determines the cost of trillions of dollars worth of loans and derivatives traded worldwide every day.
Why Exactly Are Heads Rolling At Barclays? Libor Scandal Explained
Following the revelation last week that British banking giant Barclays was engaging in massive fraud meant to distort the Libor, the interest rate underpinning hundreds of trillions of dollars in credit transactions, politicians and regulators the world over are taking a sober look at the system. What they find may prove to be shocking.
In Slight To Occupy Wall Street, New Yorkers Say Cage Around Iconic Wall Street Statue No Longer Needed
Manhattan community leaders began pressing Sunday for the cage around the iconic Charging Bull statue in the middle of New York's financial district to be removed.
Blackberry Maker RIM Plunges; Activist Investor Calls For Sale, Directors Purge
Shares of BlackBerry developer Research in Motion (Nasdaq: RIMM) fell nearly 20 percent after announcing a first-quarter loss of $518 million and a further delay in shipping the next-generation BlackBerry 10.
British, US Banks Fall Hard On News of Barclays Fraud
Investors in Barclays PLC (NYSE: BCS) (London: BARC) lost over £4 billion Thursday as the British bank lost one-sixth of its market capitalization a day after international regulators announced the bank would have to pay hundreds of millions as a fine for an audacious price-fixing fraud some of its traders were found to have engaged in.
Pre-Market Movers (LiveDea, Orexigen Therapeutics, Barclays, Deutsche Bank, JPMorgan Chase, Lincare, Synta Pharma)
LiveDeal, Orexigen Therapeutics, Lincare Holdings, Synta Pharmaceuticals, Barclays, JPMorgan Chase and Deutsche Bank are among the companies whose shares are moving in pre-market trading Thursday.
No Surprise - Morgan Stanley, Others, Urge Facebook ?Buy?
Several underwriters that shared $176 million in fees from the $16 billion initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, told investors to buy the share Wednesday.
Morgan Stanley Getting Hit From All Sides
It's not turning out to be a good week for Morgan Stanley (NYSE: MS). Over the past few days, the bank has been embroiled in two international scandals and cut by analysts at Goldman Sachs. That follows a month that saw a major credit downgrade, participation in the fumbled IPO of Facebook Inc. and behind-the-scenes grumbling by the FDIC. The bank has lost more than one-third of its market capitalization since late March.
World?s Top 10 Most Respected Companies?And The Award Goes To Apple
Apple Inc. (Nasdaq: AAPL), the largest company on earth by stock-market value, again took the top spot in Barron's annual survey of corporate respect.
Facebook: Shares Surge Before Expected 'Buy' Flood From Underwriters
Facebook (Nasdaq: FB), the No. 1 social networking site saw its shares rise 4 percent Tuesday many of the 33 underwriters of its $16 billion initial public offering on May 17 will be free to publish stock recommendations.
Pre-Market Movers (Zynga, JPMorgan, Banco Santander, Morgan Stanley, Nokia, James River Coal, Syngenta)
Zynga, Syngenta, JPMorgan Chase, Banco Santander, James River Coal, Nokia Corp, Morgan Stanley and AIXTRON are among the companies whose shares are moving in pre-market trading Tuesday.
Dell?s Battle With Oracle: Now Bids $2.34B For Quest Software
Dell (Nasdaq: DELL), the No. 3 PC maker, seeking to battle Oracle (Nasdaq: ORCL), the No. 1 database developer, has bid as much as $2.34 billion for Quest Software (Nasdaq: QFST).
Technology Focus: Still Waiting For Digital Wallets
In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.
Moody's Downgrades 5 Big US Banks, 9 European Banks
Moody's Investors Service downgraded 15 global financial institutions Thursday, including five of the largest U.S. banks, nine major European banks and the Royal Bank of Canada (NYSE: RY), a move that could tighten borrowing and require the companies to post billions of additional collateral.
Dell?s Plan To Combat Oracle Stymied In Quest Software Saga
Dell (Nasdaq: DELL), the No. 3 PC maker, seeking to battle Oracle (Nasdaq: ORCL), the No. 1 database developer, may have been stymied in its efforts to acquire Quest Software (Nasdaq: QFST).
'World's Largest Real Estate Bubble' Has China Worried
China's attempt to manage inflation in the real estate market is putting pressure on local governments and pushing homebuyers overseas.
Imagining U.S. Housing Without Fannie Mae And Freddie Mac
The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.
Technology Focus: Wielding The Cash Weapon
Are U.S. technology companies fast-growing enterprises or are they banks? In a time when banks are enduring federal ?stress tests? of their ability to withstand a crisis, the tech sector seems to be rolling in money.
RIM Founders Got $12 Million Farewell Gifts
BlackBerry developer Research in Motion made payments of $12 million to its founding co-CEOs after they quit earlier this year, the company told the U.S. Securities and Exchange Commission.