Sponsored by Jpmorgan chase

JPMorgan Chase & Co. (JPM) CEO Jamie Dimon said Tuesday said it was “probably a good thing” that credit card use is down.

JPMorgan Chase & Co sees additional losses on credit cards and home loans next year although there are some signs the rate of losses is settling and it may not need to build credit reserves much further, Chief Executive Jamie Dimon said on Tuesday.

Morgan Stanley's incoming CEO, James Gorman, began putting his fingerprints on the firm, making its chief financial officer and the head of investment co-heads of its crucial institutional securities unit.

(Corrects share price fall in last paragraph to down 4 cents from down 4 percent)

James Gorman, who takes over as Morgan Stanley's chief executive on January 1, has picked finance chief Colm Kelleher and banker Paul Taubman to run the company's institutional securities unit, the New York bank announced on Tuesday.

The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.

JPMorgan Chase & Co. Chief Executive Jamie Dimon and Chief Financial Officer Mike Cavanagh are expected to publicly review the bank's financial results for the fourth quarter and take questions from banking sector analysts on January 15.

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.

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 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.

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 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.

Home Sales Still Rising; Gold Hits Record; Soupmaker Campbell Beats Views

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.

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.

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 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 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 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.

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.

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 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 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 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.

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.

End 'Too-Big-To-Fail,' says JPMorgan Chief; Consumers Down; No Double-Dip

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 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.

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.