Jpmorgan chase Stories
U.S. credit card satisfaction down amid higher rates: poll
U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to fees and higher interest rates, according to a J.D. Power and Associates poll released on Tuesday.
U.S. credit card satisfaction down amid higher rates-poll
U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to fees and higher interest rates, according to a J.D. Power and Associates poll released on Tuesday.
U.S. bank, financial stocks off after rally last week
Shares of Citigroup Inc fell as much as 7.5 percent on Monday amid a broad slide in financial stocks, after rallying over the last week.
JPMorgan says China banks eyeing Taiwan
Chinese banks are expected to seek investment opportunities in Taiwan, hoping to apply new government guidelines and tap the busy cross-strait commerce, J.P. Morgan's (JPM.N) Brian Gu told Reuters on Monday.
Citi investors should take profits: Barron's
Investors that bought Citigroup Inc shares should take profits after the U.S. bank's shares climbed almost 100 percent in the last month, Barron's said in its August 31 edition.
Guaranty Financial files Chapter 11
Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA .
U.S. July personal spending seen up 0.2 percent
A surge in auto sales as drivers rushed to take advantage of the cash-for-clunkers scheme probably nudged U.S. consumer spending higher for the third straight month in July, according to a Reuters poll.
Fed urges secrecy on banks in bailout programs
The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.
GE hires JPMorgan to sell security unit - sources
General Electric has put its security business up for sale in an auction that could fetch about $2 billion, sources familiar with the situation said on Wednesday.
Reader's Digest gets OK to tap into $150 mln loan
The bankrupt publisher of Reader's Digest won court approval on Tuesday to access some of the $150 million in funding it has lined up to continue operating while it reorganizes.
Fed loss on Bear Stearns, AIG loans shrinks a bit
The Federal Reserve on Friday lifted an estimate of the value of Bear Stearns and American International Group assets used to secure their rescue last year, potentially reducing losses to U.S. taxpayers.
Chase Sapphire card aims at wealthy families
JPMorgan Chase & Co. is launching the Chase Sapphire credit card intended for wealthy households with incomes over the $120,000.
Bear Stearns exec ignored conflict warnings: government
A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said.
Banks switch one flawed pay system for another
Banks are lowering bonuses to defuse popular outrage, but by curtailing employee incentives, compensation experts say the banks and the U.S. government are failing to fix practices that led to the financial crisis.
Credit card defaults show signs of stabilizing
The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers may not be in as bad shape as feared despite job losses and the housing slump.
U.S. credit card defaults show signs of stabilizing
The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers are in better financial shape than feared despite job losses and the housing slump.
U.S. credit card defaults stabilize
The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers are in better financial shape than feared despite job losses and the housing slump.
CORRECTION: U.S. credit card defaults stabilize
(Corrects third paragraph to show defaults fell to 13.81 percent, not 13.82 percent)
U.S. credit card defaults in signs of stabilizing
The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers are in better financial shape than feared despite job losses and the housing slump.
Regulators want Guaranty bids by Monday: report
U.S. banking regulators have asked prospective buyers of struggling Texas bank Guaranty Financial Group to submit bids by Monday, the Financial Times reported, citing people familiar with the matter.
Unit run by Legg Mason's Miller sold banks in Q2
The Legg Mason Inc unit run by star fund manager Bill Miller sold off a number of financial stocks in the second quarter, filings on Friday showed.
LatAm Stocks and Currencies slide as US data weigh
Latin American stocks and currencies posted losses on Friday after U.S. consumer sentiment weakened unexpectedly in August, raising questions about the strength of the economic recovery and increasing global aversion to risk.
Amcore says bank unit to sell 2 branches; shares rise
Loss-making lender Amcore Financial Inc said its unit will sell two branches to First National Bank and Trust Co of Beloit, Wisconsin to improve liquidity and return to profitability, sending its shares up more than 16 percent.
JPMorgan looking to sell 23 office properties: report
JPMorgan Chase & Co is looking to sell 23 office properties in what may be the country's largest office real estate sale this year, the Wall Street Journal said in a report on its Website on Tuesday.
Financial stocks drag Wall Street down
Stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares.
U.S. banks play catch-up on hiring effort
U.S. banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock markets and narrowing credit spreads.
AmEx sees hope, but bad loans plague sector
American Express Co raised hopes for a battered credit card industry after estimating that bad loans were easing, but analysts cautioned that the sector is not out of the woods yet.
Citi plans to sell 20 consumer finance businesses: report
Citigroup plans to sell 20 businesses in consumer finance area, many of them located in Europe, its CEO Vikram Pandit said in an interview with Singapore's Business Times.
StanChart raises $1.7 billion for Asia growth
Asia-focused bank Standard Chartered unveiled a surprise 1 billion pound ($1.7 billion) fundraising on Tuesday as it beat expectations with a record mid-year pretax profit.
JP Morgan appoints new vice chairman in China
Gong Fangxiong, chief economist for the Greater China region and head of the China Research Department at JPMorgan Chase Co., has been appointed as deputy chairman of the JP Morgan Chase's China investment bank, according to local media Caijing.