Jpmorgan chase Stories
Seven Banks Sued over Their Roles in the MF Global Collapse
Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.
Two Romanians Imprisoned For ATM Theft Using Donut Gift Cards
Two Romanians recoded Dunkin' Donut gift cards with stolen bank account details and used them to withdraw money in New York City.
Dell Shares Slip Despite Higher Net on Slowing Sale Fears
Shares of Dell feel 2 percent despite the company's report of higher-tha-expected results.
U.S. Stock Index Futures Signal Early Gains
Stock index futures pointed to a higher open on Wall Street Wednesday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.3 percent and Nasdaq 100 futures up 0.4 percent at 1007 GMT.
Dell: Earnings Beat Estimates on Strong Enterprise Sales
Dell, the No. 2 PC maker, reported third-quarter net income rose nine percent, or 49 cents a share, ahead of estimates largely due to stronger sales to enterprise clients.
JPMorgan fined for sale of risky investments
A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to unsophisticated customers who might not have been able to take on the risks.
Credit Cards: Pros and Cons of Five Best Options
It is important, before opening new credit accounts, to be sure that the process will not adversely affect your credit ratings. The account, instead, must provide the ability to track credit patterns, including payment due dates, interest rates, fees and charges made. Unfortunately, there is no easy answer to deciding which card is ideal for most, if not all concerns.
Dell: Earnings May Hint if PC Giant Moving More Upscale
Shares of Dell, the No. 2 PC maker, rose slightly Monday, ahead of the company’s third-quarter earnings report scheduled for Tuesday. Investors await news on Dell’s moves upscale as well as supply shortages caused by floods in Thailand.
HARP 2.0 Program Better Than Expected?
FBR Capital Markets said the broad changes to the Home Affordable Refinance Program (HARP) were outlined by U.S. President Barack Obama's administration on Oct. 24. However, the release of most of the technical details was delayed until Nov. 15.
Wall Street Gains for the Week as Italy-Related Fears Ebb
Stocks jumped on Friday, ending higher for the week after the Italian Senate's approval of economic reforms gave investors some relief from worries about the Eurozone's debt crisis.
Wall Street Soars 2 Percent on Italy Vote
Stocks rose about 2 percent on Friday, with major indexes on track to end the week higher as Italy's Senate approved economic reforms, easing investor concerns about the euro zone's debt crisis.
Wall Street Opens Higher on Eurozone Progress
Stocks rose at the open on Friday as debt-laden Italy moved to implement tough austerity measures crucial to avoid a Eurozone meltdown.
Alabama County Files Biggest U.S. Municipal Bankruptcy
Alabama's Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in U.S. history.
Alabama county seeks to file biggest municipal bankruptcy
Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history.
Alabama's Jefferson County OKs bankruptcy filing
Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history.
Tech IPOs: Will Groupon Tempt Facebook, Others Now?
Now that Groupon has finally gone public, raising $700 million through its Nov. 4 IPO, how about some others in the pipeline as well as the king of them all, Facebook?
Goldman Faces Lawsuits Over $15.8 Billion in Mortgages
Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
Chicago's Harris Bank Plays Role in MF Global Mess
The hunt for the missing $600 million in customer money at MF Global Holdings Ltd may begin with Harris Bank, a Chicago-based lender that often holds client money for many large futures brokerage firms.
Wall Street workers' pay to fall 20-30 percent: report
The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut costs and lay off workers in a weak environment for trading and deal-making.
Bank Transfer Day protest a marketing boon for some
Bank Transfer Day -- the protest movement urging Americans to take their business out of big banks on Saturday and put it into credit unions and local banks -- is being used as a marketing opportunity by some.
G-20 Identifies 29 Major Banks Requiring More Capital, Closer Supervision
World leaders on Friday identified 29 banks deemed so important to the global financial system that they require more capital and closer supervision, as well as a plan that would safeguard taxpayers should they fail.
The Bank of Technology: Top 10 Leaders have $300 Billion in Cash, Investments
Forget about the quarterly earnings. Just look at what’s in their treasuries. An IBTimes compilation of 10 of the top technology leaders determined they are sitting on a record $301.3 billion in cash and investments.
ING to Cut 2,700 Jobs, Takes Greek Bond Hit
Dutch financial services group ING is to cut 2,700 staff and contract jobs, it said on Thursday in announcing third-quarter results, slashing the headcount at its Dutch retail banking operations by 10 percent in the face of deteriorating markets.
Occupy Protesters Shut Down Port of Oakland
Protesters shut down operations at Oakland's port and blocked traffic Wednesday in demonstrations against economic inequality and police brutality that were marred by scattered vandalism.
Wall Street Rises on ADP Jobs Report, Fed on Tap
Stocks rebounded after two days of losses on Wednesday, aided by upbeat job market data as investors eyed a crisis meeting about Greece and a Federal Reserve policy session.
BofA Employees Flood Bank's Rivals With Resumes
Bank of America Corp. employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank
Most of $19.9 billion Madoff case vs JPMorgan tossed
A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud.
JPMorgan, UBS AG win dismissal in Madoff case
JPMorgan Chase & Co and UBS AG won dismissal of dozens of claims made against the banks by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud.
U.S. Stocks Plunge on Greek Referendum Worries
The major US banks were particularly hammered.
Bank of America Drops $5 Debit Card Fee in Major Concession
Bank of America has canceled its plans for a $5 monthly debit card fee in response to public backlash, making it the last major bank to retreat. Bank of America had proposed the fee in response to the 2010 Dodd-Frank financial regulatory bill.