Close Topic Options

J. P. Morgan Chase - Page 2

JPMorgan shares lurch down again as trading losses hit $3bn:

The paper loss on the trade now sits at $3bn, according to reports yesterday, because rival speculators have taken opposing positions in an attempt to profit from JPMorgan's distress. The reports sent the bank's shares down another 3 per cent before lunch. They fell 9 per cent on a single day when the debacle first came to light. Ref. Source 1

Chase Morgan P J

77% of JP Morgan's Net Income Comes from Government Subsidies:

JPMorgan receives a government subsidy worth about $14 billion a year, according to research published by the International Monetary Fundand our own analysis of bank balance sheets. The money helps the bank pay big salaries and bonuses. Ref. Source 8

J. P. Morgan Chase History & Civil Business Politics

JPMorgan's 'hidden' losses soar to $5.8bn:

Criminal charges could result after internal review finds some traders at huge US bank deliberately misvalued trades. Ref. Source 2

Page 2 Chase Morgan P J

JPMorgan faces money laundering probe: source

JPMorgan Chase & Co's compliance with U.S. Anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest U.S. Bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctioned countries. Ref. Source 3

Chase Morgan P J

US credit agency sues JP Morgan again:

US federal regulators have launched a lawsuit against financial firm JP Morgan Chase & Co over the sale of risky mortgage securities that contributed to the collapse of three credit unions. Ref. Source 7

J. P. Morgan Chase

JPMorgan Leads U.S. Banks Lending Least Deposits in 5 Years;

The biggest U.S. Banks including JPMorgan Chase & Co. And Citigroup Inc. Are lending the smallest portion of their deposits in five years as cash floods in from savers and a slow economy damps demand from borrowers. Ref. Source 9

J. P. Morgan Chase - Page 2

JP Morgan to cut up to 19,000 jobs:

The US bank revealed plans to reduce headcount by 3,000-4,000 at its consumer and community banking unit, and by 13,000-15,000 at its mortgage banking unit Ref. Source 1

J. P. Morgan Chase Politics Business Civil & History - Page 2

JPMorgan bullied bank regulators, report says:

At one point, the top brass at the prestigious bank ambushed a junior bank examiner, becoming "Loud and combative" when he disclosed disputed results of an exam. Ref. Source 7