Jpmorgan chase Stories
Citi to cut back U.S. branches to six cities: report
Citigroup Inc , the bank bailed out with $45 billion by the U.S. government, plans to cut down its U.S. branch network to six big metropolitan areas, the Wall Street Journal said on Wednesday on its website, citing people familiar with the situation.
JPMorgan ups offer for EcoSecurities
A JPMorgan Chase & Co vehicle on Wednesday increased its cash offer for London-listed carbon offset aggregator EcoSecurities, garnering further support from shareholders.
JPMorgan launches first charge card, targets firms
JPMorgan Chase & Co, the second-largest U.S. bank, launched a charge card for small businesses on Wednesday, entering a market long dominated by American Express Co.
U.S., accused Bear managers battle over evidence
U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government's access to documentary evidence.
Microsoft gains U.S. search share: comScore
Microsoft Corp's new Bing search engine continued to take share from Google Inc, grabbing 9.3 percent of the U.S. Internet search market in August, according to data released on Monday.
Cazenove, JPMorgan close to joint venture buyout terms: report
Senior management at Cazenove and JPMorgan are thought to be close to agreeing a price for Cazenove's share of their J. P. Morgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.
Cazenove, JPMorgan mull joint venture buyout terms: report
Senior management at Cazenove and JP Morgan are thought to be close to agreeing a price for Cazenove's share of their JPMorgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.
Daily Outlook - Sept 18
Fed Takes Role on Pay; Citi Draws a Line; Airbus Sees Tough Years
Citadel offered lenders debt for equity: report
Citadel Broadcasting Corp offered a deal to exchange a major part of its debt for equity to senior lenders owed $2 billion, including JPMorgan Chase & Co , GE Capital and ING Groep NV , the Wall Street Journal said, citing people familiar with the negotiations.
Discover earnings beat estimates, stock rises
Discover Financial Services posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.
Credit card losses climb with jobless rate in August
A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.
Credit card losses climb with jobless rate in Aug
A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.
U.S. credit card defaults up, signal consumer stress
Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks' consumer lending woes are far from over.
Wall Street edges up after data
Stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.
Market edges up after data
U.S. stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.
Weak earnings, credit offset data; shares flat
U.S. stocks were little changed on Tuesday as some retail companies' results and rising credit card defaults overshadowed government data showing stronger-than-expected retail sales last month.
AmEx launches CDs line to diversify funding
American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.
JPMorgan to buy EcoSecurities for $204 million
JPMorgan Chase & Co agreed to buy carbon offset aggregator EcoSecurities for 122.9 million pounds ($204 million) on Monday, trumping a bid from the firm's co-founder, to boost its carbon-credit trading business.
Ex-BoE member astounded U.S. govt didn't save Lehman
The former deputy Governor of the Bank of England said he was astounded the U.S. government let Lehman Brothers go under, and that the bank's collapse marked a clear moment when people lost confidence in the markets.
JPMorgan steps up lending, eyes real estate
JPMorgan Chase & Co is expanding its U.S. commercial banking business, even amid the recession, and is considering a return to commercial real estate next year.
Morgan Stanley CEO Mack to be replaced by Gorman
Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones.
Blackstone hires JPMorgan media banker
Private equity firm Blackstone Group has hired JPMorgan media banker Peter Cohen as head of its global media advisory practice, it said on Wednesday.
Kraft plays down talk of higher Cadbury bid
Kraft played down speculation on Tuesday that it would be prepared to raise its offer for Cadbury PLC , after the British chocolate company rejected its 10.2 billion pound ($16.7 billion) offer.
Credit card losses seen up, staying high
Standard & Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.
California says it has issued last of its IOUs
California Controller John Chiang's office said on Thursday it had issued the last of its IOUs, which were intended to allow the state government to preserve its dwindling cash during its recent budget crisis.
U.S. factory growth no shot in the arm for equities
The U.S. manufacturing sector's return to expansion should be music to equity investors' ears, but bankers say past experience as well as the circumstances of the current rebound suggest a good deal of caution is warranted.
Bear exec: Condo irrelevant to insider trading
A former Bear Stearns Cos hedge fund manager accused of insider trading urged a federal judge to reject evidence suggesting he improperly tried to use money as collateral to build a condominium and repeatedly ignored conflict-of-interest rules on in-house trades.
Bailed-out bankers to get options windfall: study
As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up for millions of dollars in profit as prices rebounded, according to a report released on Wednesday.
Hedge funds bet big on BofA, other banks
At least 20 top hedge funds boosted their positions in financial institutions in the latest quarter in a sign that Wall Street is ready to bet on more risky sectors in the hope of longer-term rewards.
Cash-poor Philly borrows $275 mln to pay vendors
Philadelphia will take out a $275 million short-term loan from JPMorgan Chase to pay vendors that have gone without compensation since July because of one of the the worst budget crises in nearly 50 years, Democratic Mayor Michael Nutter said on Tuesday.