Jpmorgan chase Stories
Fed discount window borrowing topped $110-bin at crisis peak
During the height of the financial crisis, banks around the world lined up to borrow money from the discount window of the Federal Reserve. In the few months before and after Lehman Brother’s collapse on September 15, 2008, billions were lent out.
US stocks end mixed ahead of payrolls data
US stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics (BLS) jobs report and slightly weaker than expected economic reports on jobless claims even as Chicago Purchasing Managers index weighed on the sentiment.
Fed's Delay on Debit-Card Rules Could Benefit Major Banks (BAC, WFC, JPM, USB)
The delay by the Federal Reserve Board in adopting final rules to limit debit-card interchange fees could benefit the largest banks.
JPMorgan loses court ruling over loan putbacks
JPMorgan Chase & Co could be forced to repurchase thousands of home equity loans, after a judge ruled in favor of a bond insurer that argued it could build its case based on a sampling of loans.
WaMu gets tentative OK to send plan to creditors
Washington Mutual Inc will soon be able to ask creditors to approve its modified plan for paying off its debts as it tries for a second time to get out of bankruptcy.
Judge says Tribune Co. case deadlocked: report
A judge said the Tribune Co.. bankruptcy case was deadlocked after two weeks of testimony in a federal court, the Chicago Tribune newspaper reported on Saturday.
Fed to weigh in on bank dividends on Friday: report
Some of the largest U.S. banks will be notified on Friday whether they passed a second round of stress tests conducted by the Federal Reserve, the Wall Street Journal reported on Thursday.
JP Morgan testing $5 ATM usage fee
JP Morgan Chase & Co. is in the process of testing $5 and $4 ATM usage fee for non-customers in Illinois and Texas.
Madoff trustee: Lawsuits delay money for victims
The trustee seeking money for investors hurt by Bernard Madoff's Ponzi scheme said he hopes to begin distributing money in the near future but that lawsuits challenging his efforts are causing delays.
Wells Fargo hiring 1,000 for mid-Atlantic retail
Wells Fargo & Co will by mid-May hire more than 1,000 people for its retail banking operations in the mid-Atlantic region, ahead of a planned fall rebranding of its Wachovia locations.
Exclusive: Twitter's Stone says no IPO or funding talks
Twitter has no plan to go public in the near future and does not need additional funds because it is making money, the co-founder of the popular microblogging site said.
Madoff trustee sues Tremont for $2.1 billion
The trustee seeking money for victims of Bernard Madoff's Ponzi scheme has sued Tremont Group Holdings for $2.1 billion, saying it missed warning signs the business could be a fraud.
Foreclosure fines may go to loan modifications
Financial penalties extracted from large banks over their mortgage servicing practices may be used for loan modifications, a top Obama administration official said on Monday.
JP Morgan says tablets to grow into $35 billion market by 2012
J.P. Morgan Securities expects tablets to evolve into a $35 billion market by 2012, eating into the share of PCs, and competition to drive down premium prices.
JPMorgan says tablets to grow into $35 billion market by 2012
JPMorgan Securities expects tablets to evolve into a $35 billion market by 2012, eating into the share of PCs, and competition to drive down premium prices.
JPMorgan fund in talks to buy Twitter stake: report
A new JPMorgan Chase & Co technology fund is in talks to buy a substantial stake in Internet messaging and communications site Twitter, the Financial Times reported on Sunday, citing people familiar with the plans.
U.S. foreclosure deal slowed by infighting: sources
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
Foreclosure deal slowed by infighting: sources
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
Fed's Hoenig: Big banks too risky, rates too low
Wall Street's financial giants continue to pose major risks to the U.S. economy, and must be broken up to avoid another meltdown, Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday.
Fidelity seeks to enter China via trust venture -source
Mutual fund giant Fidelity is actively preparing to enter China by securing a trust company licence in one of the world's fastest-growing asset management market, a person familiar with the situation said on Wednesday.
New York chief judge assures legal help to needy homeowners who are facing foreclosure actions
New York's chief judge has taken steps to provide homeowners facing foreclosure legal representation free of charge.
NetApp shares plunging on downgrades
Shares of NetApp Inc. (Nasdaq: NTAP) are plunging after a series of brokerage downgrades on the data storage company.
Ex-JPMorgan star unveils Rothschild hedge funds JV
Former JPMorgan banker Bill Winters is teaming up with Lord Jacob Rothschild, a senior member of one Europe's most revered banking dynasties, to launch an asset management and hedge fund business in London.
JPMorgan ignored client red flags post-Madoff: lawsuit
A former JPMorgan Chase & Co private banker has filed a new whistleblower complaint against the bank, saying it ignored many red flags about a suspicious client even after the fraud of another client, Bernard Madoff, was exposed.
JPMorgan planning media fund: report
JPMorgan is planning on starting a fund of between $500 million and $750 million to invest in Internet and digital media companies, the Wall Street Journal said on Sunday.
White House backs standard for mortgage servicers
The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
Banks to Get Green Light on Dividend Hike (BK, COF, JPM, PNC, STT, USB, WFC)
RBC Capital Markets said banks with strongest capital and increased profitability are expected to get green light on dividends. The Federal Reserve is expected to approve dividend increases.
Obama tries to woo business, slams burdensome tax
President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle burdensome corporate taxes in a speech to a business group that has long been a fierce critic.
Regulators seek to foil bank moves to undermine pay reform
Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.
Deposit insurance costs climbing for big banks
Mega-banks will have to pay more for U.S. deposit insurance under a new regulation set for final approval on Monday as the government advances a boatload of financial oversight changes.