Jpmorgan chase Stories
Hedge funds still keen on big banks
Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.
Judge ends Enron shareholder lawsuit against banks
Exactly eight years after Enron Corp filed for bankruptcy protection, a federal judge has dismissed a lawsuit by investors against banks they accused of helping the energy company commit fraud.
Barclays appoints US lev loan syndicate head - memo
Barclays Capital has appointed Tim Broadbent to lead its U.S. Leveraged Loan Syndicate team, according to an internal memo, filling a gap left when Bill Hughes departed to join Citigroup.
Dow, S&P dip with energy, banks; Amazon aids Nasdaq
The Dow and S&P slipped on Wednesday, with falling oil prices prompting investors to sell some energy shares and concerns about bank profits pressuring the financial sector.
U.S. banks have recognized most credit losses: Goldman
U.S. banks have already recognized two-thirds of an estimated $2.1 trillion to $2.6 trillion in credit losses, but prime mortgage and commercial real estate would contribute more to the remaining losses, Goldman Sachs said.
Mid-Day Minute - Nov 23
Home Sales Still Rising; Gold Hits Record; Soupmaker Campbell Beats Views
Dimon seen as successor to Geithner: report
Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.
BofA may extend CEO search into 2010: report
Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.
Hershey weighs $17 billion Cadbury bid: source
U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
JPMorgan lands Cazenove in $1.7 billion buyout
JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.4 billion).
JPMorgan lands Cazenove in 1 bln pound buyout
JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.36 billion).
Nokia Siemens, One Equity bid for some Nortel assets
Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corp's optical networking and carrier ethernet business, a person familiar with the sale said on Wednesday, challenging Ciena Corp's $526 million bid for the assets.
JPMorgan set to seal Cazenove deal Thurs -sources
U.S. bank JPMorgan Chase & Co is likely to seal its purchase of the half of Cazenove it does not own for just under 1 billion pounds ($1.7 billion) on Thursday, people familiar with the matter said.
Banks sense danger, warn Congress on breakup power
Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.
U.S. credit card defaults fall, but delinquencies up
U.S. credit card companies said defaults fell more than expected in October, but delinquencies mostly rose in a sign that consumers remain under stress and the sector can expect more pain ahead.
J.P. Morgan seen close to $1.7 billion Cazenove deal
J.P. Morgan is close to buying out British stockbroker Cazenove in a deal likely to be worth almost 1 billion pounds ($1.7 billion) and trigger windfalls for dozens of London's top dealmakers.
Hedge fund billionaire Paulson reports new Citi stake
Hedge fund billionaire John Paulson's firm took a stake in Citigroup , while cutting holdings in Bank of America and its interest in Goldman Sachs , according to a regulatory filing on Friday.
U.S. watchdog: Need way to unwind troubled firms
The United States needs a credible way to dismantle large troubled financial institutions to squash a belief that some firms will always be rescued, a top U.S. government watchdog said on Friday.
Mid-Day Minute - Nov 13
End 'Too-Big-To-Fail,' says JPMorgan Chief; Consumers Down; No Double-Dip
JPMorgan CEO Dimon: End too big to fail
JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail ethically bankrupt and said regulators should have the power to wind down even the largest lenders.
JPMorgan's Dimon says end too big to fail
JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail ethically bankrupt and said regulators should have the power to wind down even the largest lenders.
Former bankers look to buy failing banks: report
Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG , the Wall Street Journal reported citing sources.
Ex-Bear Stearns hedge fund managers acquitted
Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis.
Trial of ex-Bear Stearns execs goes to jury
Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.
JPMorgan to add $4 bln in small business loans
JPMorgan Chase & Co is raising lending to small businesses by $4 billion this year and hiring more than 300 new bankers to cater to these businesses.
JPMorgan lifts salary freeze
JPMorgan Chase & Co is lifting a salary freeze it put in place last year, according to an internal memo from human resources director John Donnelly.
U.S. trial of ex-Bear Stearns execs goes to jury
The trial of two former Bear Stearns hedge fund managers went to a jury on Monday, the first high-profile Wall Street executives criminally charged with fraud over subprime mortgage-backed securities that fueled the market meltdown.
BofA CEO search to drag until Thanksgiving: report
Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.
BofA CEO search to drag until Thanksgiving - report
Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.
Sparring over evidence at Wall Streeters trial
In closing arguments in the trial of the first high-profile Wall Streeters on fraud charges stemming from the financial crisis, a U.S. prosecutor said two hedge fund managers told black and white lies, but a defense lawyer attacked the government for misleading the jury.