Jpmorgan chase Stories
JPMorgan says may face SEC action on mortgage bonds
JPMorgan Chase & Co said it may face federal enforcement actions stemming from two investigations into mortgage-backed securities that went bad in the financial crisis.
Goldman Sachs, Wells Fargo, JPMorgan May Face SEC Charges
Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. have been warned by the Securities and Exchange Commission that they might face inquiries tied to mortgage-backed securities offered to investors several years ago.
Stock index futures point to a firmer start
U.S. stock index futures pointed to a firmer open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 0.1-0.2 percent at 4:58 a.m. ET.
JPMorgan targets $24 billion in annual profits
JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.
JPMorgan targets $24 bln in annual profits
JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.
Funds' Love of Apple Pays, but Many Managers Lag
Hedge funds' love affair with technology industry darling Apple Inc has rewarded some managers so far this year but half the industry, having been less savvy with its bets, is limping behind with subpar returns, new research from Goldman Sachs shows.
BofA Stops Selling Mortgages to Fannie Mae; Rivals not Following
Bank of America Corp appears to be going it alone in not selling mortgage loans to Fannie Mae, a move that, while sending an angry signal to the nation's largest mortgage-buyer, could force the bank to charge less attractive mortgage rates.
Goldman Sachs Halts Coverage of 18 Securities Firms
Goldman Sachs Group has suspended coverage of 18 discount brokers, exchanges and small investment banks because the analyst who follows them has left the firm.
Bank of America Halts Selling New Mortgages to Fannie Mae
The Bank of America Thursday said that it would no longer provide new mortgages to Fannie Mae following the escalation of disagreement over who should be bearing the cost for defective mortgages.
Asian Shares Edge up, Tempered by Oil Price Concerns
Asian shares crept higher Friday as solid U.S. data improved sentiment, but gains may be limited by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent rallies.
Asian Shares Edge up, Weighed by Oil Price Concerns
Asian shares rose Friday as solid U.S. data improved sentiment, but the upside may be capped by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent gains.
Analysis: Goldman's Top Brass Gun for Cash Bonuses
While Wall Street slashes pay and freezes cash awards, Goldman Sachs Group's top five executives may reap special bonuses of $10.5 million apiece if the firm hits historically easy profit targets over the next two years.
Exclusive: Palo Alto Networks, Other Tech Firms Plan IPOs
A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook's $5-billion filing, sensing a window of opportunity as the stock market rallies.
No MF Global customer cash in JPM account: trustee
The trustee managing the assets of bankrupt MF Global Holdings Ltd said none of the roughly $26 million being used to fund the futures brokerage in Chapter 11 is part of a $1.6 billion shortfall in customer accounts.
WaMu gets court approval to exit bankruptcy
Washington Mutual Inc received long-sought court approval to exit bankruptcy and repay $7 billion to creditors, ending more than three years of court battles between hedge funds investors, shareholders and JPMorgan Chase & Co .
Ally Financial Weighs Sale as IPO Looks Bleak
Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.
World Bank President? White House Holding Tongue
Now that President Barack Obama must nominate a new President of the World Bank, he’s keeping his mouth shut, especially in an election year.
Appeals Court Weighs Next Steps in BofA Mortgage Deal
Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp's mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case.
Wall Street falls after retail sales data disappoints
The S&P 500 index retreated on Tuesday from near a seven-month high after weaker-than-expected January U.S. retail sales data curbed investors' appetite for risky assets.
Two former Bear Stearns managers settle SEC case
Two former Bear Stearns fund managers, who were acquitted of criminal charges over the demise of their mortgage-laden hedge funds, agreed on Monday to pay more than $1 million to resolve a civil lawsuit brought by market regulators.
Tom Storrs Dies at 93; CEO Helped Build Bank of America
Tom Storrs, who set a small North Carolina bank on the path to becoming one of the largest U.S. financial institutions, died Friday at age 93.
Tom Storrs, CEO who helped build Bank of America, dies
Tom Storrs, who set a small North Carolina bank on the path to becoming one of the largest U.S. financial institutions, died Friday at age 93.
U.S. Stocks Fall on Greek Bailout Uncertainty
U.S. stocks dropped on Friday as the most recent flare-up in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak.
Wall Street Drops 1 Percent as Greek Talks Stall
Stocks dropped on Friday as the most recent flare-up in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak.
U.S. bank regulators roll fines into mortgage pact
The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.
Bank regulators roll fines into mortgage pact
The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.
Foreclosure Settlement: Is it Too Little? Top Negotiator Defends Deal
Officials Thursday detailed a nationwide settlement with five large banks over foreclosure practices. Negotiators defended the deal as a way to give immediate relief to homeowners and victims of foreclosure abuses.
US bank regulators roll fines into mortgage pact
U.S. banking regulators are using the agreement announced on Thursday between large U.S. banks and state and federal agencies over foreclosure abuses as a vehicle for levying their own fines on banks for problems in their mortgage servicing businesses.
Will the $26 Billion Mortgage Settlement Help You?
The massive $26 billion mortgage settlement between states and banks is designed to help millions of American homeowners -- but not everyone is eligible.
States, Lenders Reach $26 Billion Mortgage Settlement
Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners, government officials announced Thursday.


