Jpmorgan chase Stories
Bank and apparel retailers lead stock market higher
After digesting a slew of economic data, the stock market edges higher in the afternoon session as big banks and apparel retailers emerge as market leaders.
WaMu shareholders urge for an annual meeting: court filing
Shareholders of Washington Mutual Inc have filed a complaint against the savings bank holding company for not convening an annual shareholders' meeting for nearly two years, court documents show.
Goldman board rejects shareholder demands on pay
Goldman Sachs Group Inc's board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices.
UK's Pru plans $20 billion rights offering
Britain's Prudential Plc plans to do a rights offering of about $20 billion to finance a $35.5 billion purchase of American International Group's Asian life insurance unit, a source familiar with the situation said on Sunday.
JPMorgan CEO wary of double-dip, cautious on dividend
JPMorgan Chase & Co's chief executive said he is in no hurry to raise the bank's dividend due to an economy that he warned could still be threatened by a double dip scenario.
The Street's jobless recovery
When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty.
JPMorgan may buy stake in Brazil's Gavea: report
JPMorgan Chase & Co is in talks to buy a stake in Brazilian hedge fund and private equity firm Gavea.
Lehman Brothers settles collateral claims with JPMorgan
Lehman Brothers Holdings has agreed with JPMorgan Chase & Co to settle about $7.68 billion in collateral obligations that were pending following Lehman's bankruptcy filing in 2008, court documents showed.
NY says Wall St bonuses up 17 percent to $20.3 billion
Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
Obama heralds credit card rules
The Obama administration heralded new rules protecting U.S. credit card holders from certain fees and rate increases on Monday, even as Connecticut's Attorney General criticized the Federal Reserve for not using the rules to reverse earlier card rate hikes.
Stocks inch up with banks, but Fed caution drags
U.S. stocks edged higher on Monday as takeover news and gains in bank shares on hopes of a regulatory reprieve were offset by uncertainty over the Federal Reserve's policy intentions.
Futures dip on Fed's discount rate rise announcement
Stock index futures fell on Friday on a surprise increase in the Federal Reserve's discount rate that signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.
Metlife, AIG deal may be paused by tax dispute: WSJ
The pending $15 billion sale of a unit of American International Group to MetLife may be pushed back by a tax dispute that may require a ruling from the Internal Revenue Service, the Wall Street Journal reported.
Credit card delinquency rates level off
The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off.
Stocks rise on earnings, upgrades, rising commodities prices
U.S. stocks rose in light trading on Tuesday, as better than expected earnings reports, analyst upgrades and rising commodities prices influenced gains.
Earnings, economic optimism boost Wall Street
U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.
U.S. credit card delinquency rates level off
The percentage of Americans falling behind on credit card bills stabilized in January, according to data from five lenders on Tuesday, signaling that U.S. consumer credit woes may be leveling off.
JP Morgan strikes $1.7 billion deal to buy RBS Sempra units
JPMorgan Chase & Co will buy the non-U.S. assets of commodities joint venture RBS Sempra from Royal Bank of Scotland and Sempra Energy for $1.7 billion cash, roughly doubling its commodities client base.
AIG snubs JPMorgan?: No role in $10 billion AIA IPO
American International Group Inc turned down JPMorgan's attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly stemming from soured relations dating back to the financial crisis.
Geithner says financial system healing, needs work
The financial system averted a meltdown but it is not yet back up to full strength, Treasury Secretary Timothy Geithner said on Wednesday.
Obama doesn't begrudge Dimon, Blankfein over pay
President Barack Obama said he doesn't begrudge the chief executives of JPMorgan Chase and Goldman Sachs their bonuses but called their pay extraordinary.
Euro zone debt worries sink Dow below 10,000
The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
Dow closes below 10,000 on euro zone debt woes
The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
S&P, Nasdaq gain on upgrades, debt woes weigh on Dow
The S&P 500 and Nasdaq edged higher on Monday as several bellwethers rose on brokerage upgrades and positive comments about the economy, but worries about euro zone sovereign debt problems limited gains.
S&P, Nasdaq rise, but debt worries limit gains
U.S. stocks edged higher on Monday as several bellwether shares rose on brokerage upgrades and comments about improving economic conditions, though persistent worries about euro zone sovereign debt problems limited gains.
Goldman CEO Blankfein gets $9 million stock bonus
Goldman Sachs Group Inc on Friday awarded chief executive Lloyd Blankfein and other executives a stock bonus worth almost $9 million, according to a filing with the U.S. Securities and Exchange commission.
JPMorgan CEO Dimon gets $16 million in stock, options
JPMorgan Chase & Co JPM.N>, which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million.
JPMorgan awards CEO Dimon $8 million restricted stock
JPMorgan Chase & Co JPM.N> awarded Chief Executive Jamie Dimon restricted stock worth almost $8 million plus a package of 10-year stock options, according to an SEC filing on Friday.
Goldman exec sees 10-percent Volcker rule impact
The Obama administration's proposed Volcker rule could impact about 10 percent of Goldman Sachs net revenues, a senior executive of the Wall Street giant told a U.S. Senate committee on Thursday.
Volcker to urge curbs on big banks' risky trading
White House economic adviser Paul Volcker, whose star is rising in the Obama administration, will urge Congress on Tuesday to rein in risky investing by big banks, according to testimony obtained by Reuters.