Jpmorgan chase Stories
MBIA sued by Bank of America, J.P. Morgan and 16 banks over split divisions
Insurance giant MBIA Inc., is facing another lawsuit over a controversial restructuring of the company as 18 major financial institutions sued the company today.
U.S. banking crisis may last until 2013: S&P
A day after saying big U.S. banks probably needed to raise only one-fourth the capital demanded by the government, Standard & Poor's said the nation's banking crisis has merely entered a new phase and might not end before 2013.
Stock futures point to flat open as BofA, Ford eyed
U.S. index stock futures pointed to a nearly flat open on Tuesday, as investors eyed Bank of America's sale of a stake in a Chinese bank and Ford signaled it would take advantage of a recent rally by selling stock to raise cash.
Ford to sell 300 million common shares
Ford Motor Co said on Monday that it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with the union.
Wall Street drops on profit-taking
Stocks fell on Monday as investors booked profits in financials after a two-month run-up and news of several banks' share offerings heightened worries about their dilutive impact on current shareholders.
U.S. banks rush to raise capital
Morgan Stanley and Wells Fargo sold more than $15 billion of shares and bonds, as the two companies rushed to the head of the line of banks looking to raise funds following government stress tests.
Bank confidence, data push Wall St higher
U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.
U.S. banks seek $75 billion
Three big U.S. banks raced to sell stock after the U.S. government said top financial firms have a $75 billion hole in their capital, while first-quarter results from two European banks showed bad debts are soaring.
JPMorgan eyes growth despite deposit caps: Oppenheimer
JPMorgan Chase & Co is looking at growth opportunities through government-assisted acquisitions of troubled institutions, despite the obstacle posed by deposit caps, said Oppenheimer and Co analysts, who met JPMorgan's chief financial officer earlier this week.
Investors brace for stress test results
Investors braced for the release of bank stress test results that will separate the weak from the strong and force some top banks to raise billions of dollars in capital.
Stress test hopes, retailers lift Wall St at open
Stocks opened higher on Thursday as investors anticipated results of stress tests to show that most banks are healthier than previously thought.
Data, bank optimism lift Wall St; Cisco up late
U.S. stocks rose on Wednesday after a private-sector reading on the labor market signaled unemployment may be receding and leaked bank stress test results suggested most banks are healthier than previously thought.
Bank stress test relief, energy lift Wall St
U.S. stocks rose on Wednesday after a private sector reading on the labor market signaled unemployment may be receding and leaked bank stress test results suggested most banks are healthier than thought.
Banks leap on stress test relief, energy up
The Dow and S&P 500 rose on Wednesday, led by bank shares, after media reports suggesting some major banks, including JP Morgan Chase & Co , won't have to raise capital under government stress tests.
Data and Disney lift Dow and S&P, but Nasdaq slips
The Dow and S&P 500 gained on Wednesday on reassuring labor market data and Walt Disney's better-than-expected profit, while the Nasdaq dipped as investors took profits on Apple and other bellwether names.
Bank of America to need $34 billion in capital: source
Bank of America Corp has been deemed to need as much as $34 billion in additional capital, according to the results of a government stress test, a source familiar with the results told Reuters late on Tuesday.
Profit-taking, bank tests trip market; Disney up late
U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices.
Wall St dips on profit-taking as bank tests loom
U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices.
U.S. CEOs see slump moderating but no rebound till 2010
Top chief executives still expect the U.S. economy to remain mired in recession through 2009 but their confidence in the likelihood of a recovery next year is on the rebound thanks to growing optimism about their own businesses.
About 10 U.S. stress test banks need capital: source
U.S. regulators have deemed that about 10 of the 19 U.S. banks being stress tested will need to raise more capital, according to a source familiar with official talks.
S&P turns positive for '09 on bank hopes, data
U.S. stocks rallied on Monday, driving the S&P 500 into positive territory for the year as investors bet banks' capital shortfalls may be manageable and housing data fueled hopes the recession is easing.
S&P 500 turns positive for 2009 on bank hopes, data
U.S. stocks rallied on Monday, driving the S&P 500 into positive territory for the year as investors bet banks' capital shortfalls may be manageable and housing data fueled hopes the recession is easing.
JPMorgan CEO sees more bank consolidation ahead
JPMorgan Chase & Co may be called on by regulators for more acquisitions, as the U.S. banking sector is likely to see further consolidation, Chief Executive Jamie Dimon said on a webcast call on Monday.
Bank stocks leap on stress test optimism
U.S. bank shares rose on Monday after analysts said government stress tests of financial institutions would show most would need less new capital than previously feared.
WaMu seeks to investigate JPMorgan conduct in deal
Washington Mutual Inc on Friday asked a U.S. bankruptcy court to let it probe whether JPMorgan Chase & Co had unlawfully damaged its former thrift unit's assets in order to buy it on the cheap, at $1.9 billion, last September.
Citi, BofA may need more capital after stress tests
Citigroup Inc may have to raise more capital after preliminary results of its stress test from U.S. regulators, people familiar with the matter said, and Bank of America Corp may need billions more, the Wall Street Journal reported.
Citi and BofA may need more capital after stress tests
U.S. regulators are talking to Citigroup Inc about its capital levels after stress testing the bank, people familiar with the matter said, while The Wall Street Journal reported that Bank of America Corp may need billions in new capital.
BofA, Citi urged to increase capital: report
U.S. regulators have told Bank of America Corp and Citigroup Inc they may need to raise more capital following stress testing of the two banks, The Wall Street Journal reported.
3i InfoTech acquires JPMorgan unit
3i InfoTech said Monday it will acquire JPMorgan Treasury Services national retail lockbox Business (NRLB) to strengthen its capabilities and their respective core business processes.
Wells Fargo objects to Charter's bankruptcy plan
Another lender to bankrupt U.S. cable TV operator Charter Communications has objected to the company's reorganization plan, saying Charter's attempt to reinstate $11.8 billion of debt may not be feasible.