Jpmorgan chase Stories
JPMorgan to launch new fund specializing in distressed real estate
New JPMorgan fund will buy distressed real estate debt, even though many critics believe that the firm itself is, in part, responsible for much of the distressed real estate in the U.S.
Top JPMorgan executives were warned about Madoff: trustee
JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.
JPMorgan ignored suspicions about Madoff: lawsuit
JPMorgan Chase & Co executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments and continue doing business with him, a newly released $6.4 billion lawsuit claims.
Top JPMorgan execs were warned about Madoff: trustee
JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.
Proposed class action targets BofA on foreclosures
Bank of America Corp was hit with a lawsuit on Wednesday claiming the lending giant hid foreclosure problems that eventually led to a decline in its share price.
Tribune lenders drop competing bankruptcy plan
A group of lenders has withdrawn its plan for reorganizing newspaper owner Tribune Co, leaving two proposals for ending the company's two-year stay in bankruptcy, according to court documents.
Dimon defends bankers at Davos
Jamie Dimon, the chief executive officer of JP Morgan Chase (NYSE: JPM) defended the banking industry during a question-and-answer session with the media at a symposium at the world economic forum in Davos, Switzerland.
About half U.S., UK banker bonuses rise: survey
Roughly half of bankers in Britain and the United States received increased bonuses for 2010, according to a survey released on Tuesday.
Judge says Bear Stearns investor case can proceed
- Plaintiffs in one of the biggest U.S. investor lawsuits stemming from the financial crisis got a boost from a judge, who said a case against fallen investment bank Bear Stearns and its outside auditor, Deloitte & Touche, can go forward.
Are executive pay hey-days back?
As the economy recovers, companies across industries indicate a cautious but definite return to attractive packages for its top bosses.
WaMu eyes March bankruptcy exit: attorney
Washington Mutual Inc could be out of bankruptcy in March after reworking its recently rejected plan of reorganization, the attorney overseeing the company's bankruptcy said on Tuesday.
Instant view: Citigroup earns $1.3 billion, misses estimates
Citigroup Inc posted a $1.3 billion quarterly profit on Tuesday, as the third-largest U.S. bank rounded off a year of recovery from the financial crisis, but the results fell short of estimates and the bank's shares fell.
Citigroup misses estimate as revenues fall
A sharp drop in bond trading revenue pushed Citigroup Inc fourth-quarter profit far below expectations, highlighting Chief Executive Vikram Pandit's challenges in fully reviving the bank.
Citigroup set to post fourth quarterly profit
Citigroup Inc, the bank that took $45 billion in U.S. bailout funds during the financial crisis, is widely expected to report its fourth consecutive quarterly profit on Tuesday, signaling to investors that it has largely completed its recovery.
Investors eye more strong bank results
U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector.
JPMorgan Q4 commods risk steady after market rally
JPMorgan Chase & Co's commodities trading risk steadied in the fourth quarter after a rally in oil, metals and grains, marking a shift from the third quarter when it cut risk to pare back on proprietary trading.
Investors crave more strong bank results
U.S. bank stocks are flying high, and next week's earnings could give investors more reason to be optimistic about the sector.
Retail sales rise modestly, core prices tame
The U.S. economy closed out 2010 on a softer note than expected, with rising gasoline prices eroding consumers' purchasing power in December even as they helped lift retail sales.
Hedge funds appeal ruling on WaMu trust securities
A group of hedge funds have appealed a court ruling that billions of dollars of Washington Mutual Inc -related securities were now owned by JPMorgan Chase & Co , a key decision to ending the Washington Mutual bankruptcy.
JPMorgan commods risk steady after market rally
JPMorgan Chase & Co's commodities trading risk steadied in the fourth quarter after a rally in oil, metals and grains, marking a shift from the third quarter when it cut risk to pare back on proprietary trading.
JPMorgan beats, sets bullish tone for bank earnings
JPMorgan Chase & Co reported a greater-than-expected 47 percent increase in quarterly earnings and struck an upbeat tone that lifted the shares of major U.S. banks reporting next week.
Futures point to weak open after JPMorgan, data
U.S. stock index futures pointed to a lower open on Friday after weak retail sales and a mixed reaction to JPMorgan Chase & Co's quarterly earnings.
JPMorgan lifts Wall St, but banks due for pause
Optimism about corporate earnings, bolstered by JPMorgan, lifted U.S. stocks on Friday and set the S&P 500 on the path for seven straight weeks of gains.
Wall St rises as JPMorgan earnings spur optimism
Optimism about corporate earnings, bolstered by JPMorgan Chase & Co, lifted the stock market slightly on Friday, offsetting lukewarm economic data and putting the S&P 500 on track for a seventh straight week of gains.
Market rises as JPMorgan profit outweighs data
Stronger-than-expected earnings from JPMorgan Chase & Co lifted the stock market slightly on Friday, offsetting weak economic data and putting the S&P 500 on track for its seventh straight week of gains.
JPMorgan profit rises 47 percent, beating estimates
JPMorgan Chase & Co reported a 47 percent increase in quarterly earnings, and said loan demand and trading profit could grow this year, boosting investor optimism that revenue for major banks will recover.
Markets flat as JPMorgan results offset Intel
U.S. stocks were little changed on Friday following a mixed reaction to earnings from JPMorgan and Intel and a modest rise in retail sales, but the S&P remained on track to notch a seventh straight week of gains.
Markets dip after JPMorgan earns, retail sales
U.S. stocks fell on Friday after retail sales rose less than expected and on a mixed reaction to JPMorgan Chase & Co's quarterly earnings, though the S&P was on track to notch a seventh straight week of gains.
Stock futures point to weak open after JPMorgan, data
U.S. stock index futures pointed to a lower open on Friday after weak retail sales and a mixed reaction to JPMorgan Chase & Co's quarterly earnings.
JPMorgan profit beats, helped by reserve release
JPMorgan Chase & Co reported higher-than-expected quarterly earnings, helped by narrowing losses on bad loans that allowed it to release $2 billion of reserves.