Jpmorgan chase Stories
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.
Judge Rejects Media Giant Tribune's Bankruptcy Exit Plan
Tribune Co, the owner of the Los Angeles Times and Chicago Tribune newspapers, suffered a legal defeat on Monday after a judge late Monday rejected its plan to end its three-year stay in bankruptcy.
Credit Unions Capitalize on Bank Fee Displeasure
With customers angry about new bank fees, credit unions have been trying to use the displeasure to gain more customers.
SunTrust to Drop $5 Monthly Debit Card Fee from Nov. 2
SunTrust Banks Inc said on Monday it planned to drop a $5 monthly debit card service fee, adding the Atlanta-based regional bank to the list of lenders dropping such maintenance fees amid rising public criticism of the industry.
MF Global’s Fall: New York Fatality to Euro Crisis
The bankruptcy of New York-based MF Global Holdings brought the European debt crisis to New York, wiping out a respected firm and tarnishing the reputation of a former Goldman Sachs CEO.
Asian Stocks and Commodities Slip After Japanese Move Boosts Dollar
Asian shares fell Monday and commodities slipped as the dollar spiked to a three-month high against the yen following Japan's intervention, prompting investors to book profits after last week's rally.
MF Global Seeks Sale, All Options on Table: Source
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
Wells Fargo Drops $5 Debit Card Fee Plan
Diversified financial services firm Wells Fargo & Co. (NYSE:WFC) said it is cancelling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.
Bank of America May Revamp Proposed Debit-Card Fees
The Bank of America Corp., after receiving heavy public criticism for a planned $5-per-month debit-card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
Bank of America revamping debit card fees
Bank of America Corp, after receiving heavy public criticism for a planned $5-per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
MF Global Aims to Arrange Sale Over This Weekend: Source
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
Bank of America Scaling Back Debit Card Fees
Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
Mortgage Probe May Open New Path for Housing Relief
A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the mortgage debt owed by homeowners.
U.S. Stocks Surge; Vive la Eurozone!
In the U.S., bank stocks performed especially superbly.
Wall Street soars 3 percent as Europe deal draws buyers
Stocks surged 3 percent on Thursday as an agreement by European leaders to help contain the region's two-year debt crisis lifted a cloud hovering over markets.
Wall Street Climbs 3 Percent on Europe Deal, Financials Soar
Stocks surged 3 percent in a broad rally on Thursday as a long-awaited agreement by European leaders to boost the region's bailout fund promised to remove a major headwind for the market.
Euro zone deal sparks rally on Wall Street
Stocks surged 2 percent on Thursday after European leaders reached a long-awaited agreement to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.
National Security Agency Helps Banks Battle Hackers
The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.
Deutsche Bank warns of more job cuts in tough trade
Deutsche Bank's third-quarter pretax profit beat forecasts as retail banking and asset management offset a drop in investment banking which it warned was facing the toughest conditions since 2008 that could lead to more job cuts.
Canada's Carney ready for FSB regulator limelight
As a young hockey player with dreams of making it big, Mark Carney liked to get revved up before a big game by listening to AC/DC's Hell's Bells.
HOW TO PLAY IT: Banking on Financial Stocks
Are banks beyond repair? The largest U.S. financial companies did little to answer that question, delivering a mixed bag of quarterly results.
Is Occupy Wall Street Protesting in the Wrong ZIP Code?
Occupy Wall Street has camped out at Zucotti Park in Lower Manhattan for weeks, but it probably isn't reaching as many bankers as it could. Which could have something to do with the fact that finance is no longer the area's biggest tenant.
Top banks accused of colluding on ATM fees
A New Jersey man sued Bank of America , JPMorgan Chase and Wells Fargo on Wednesday on behalf of ATM users, accusing the banks of colluding to fix the fees they charge customers to withdraw money.