IBTimes Australia : JPMorgan Chase Topic

British Banks Ordered to Set Aside Over £1bn For Singapore Rate Rigging

Sat, 15 Jun 2013 15:33:27 +1000

RBS, Barclays and Standard Chartered under probe by Monetary Authority of Singapore.

Wall St. slides in volatile week, eyes on the Fed

Sat, 15 Jun 2013 07:07:03 +1000

Stocks fell on Friday on low volume to end their third negative week in four on lingering concern over whether the world's central banks will soon start to trim their stimulus programs.

JPMorgan must face lawsuit challenging mortgage fees

Sat, 15 Jun 2013 06:00:04 +1000

JPMorgan Chase & Co must face a lawsuit accusing the largest U.S. bank of illegally imposing marked-up or unnecessary fees on delinquent mortgage borrowers, a federal judge ruled.

Dow drops over 100 points on profit-taking, consumer data

Sat, 15 Jun 2013 04:14:02 +1000

Stocks extended their slide on Friday, with the Dow losing more than 100 points as investors booked profits a day after the S&P 500 recorded its second-best session of the year and data showed consumer sentiment cooled off in June.

Wall St. sags on profit-taking, dip in consumer sentiment

Sat, 15 Jun 2013 02:49:03 +1000

Stocks fell on Friday as investors sold some shares to book profits a day after the S&P 500 recorded its second-best session of the year and disappointing data showed a decline in consumer sentiment.

JPMorgan's private equity unit to become independent

Fri, 14 Jun 2013 23:35:03 +1000

JPMorgan Chase & Co said its private equity unit, One Equity Partners, will become independent from the bank and raise future funds from an external group of partners.

JPMorgan makes another change in chief risk office

Fri, 14 Jun 2013 01:56:03 +1000

John Hogan, who became chief risk officer of JPMorgan Chase & Co as the company was just beginning to lose billions of dollars on its London Whale derivatives trades last year, may leave the company, CEO Jamie Dimon said on Thursday.

JPMorgan stays top of investment banking in first quarter: study

Wed, 12 Jun 2013 20:00:04 +1000

JPMorgan Chase kept its top spot for investment banking in the first quarter after bringing in $6.9 billion in revenues, putting it ahead of four rivals tied for second place, a study showed on Wednesday.

Regulator gives big banks two years to push out swaps trading

Wed, 12 Jun 2013 09:42:02 +1000

U.S. officials will give JPMorgan Chase, Citigroup, Bank of America and several other big firms two years to comply with a controversial Dodd-Frank requirement that they push some swaps trading out of the bank.

JPMorgan CEO Dimon defends disclosures in Whale episode

Wed, 12 Jun 2013 04:42:03 +1000

Jamie Dimon, the chief executive of JPMorgan Chase & Co who won a strong vote of confidence from shareholders last month, on Tuesday defended the disclosures the bank made last year about its unfolding London Whale derivatives loss.

Microsoft, FBI Take Aim at Global Cyber Crime Ring

Thu, 06 Jun 2013 14:45:43 +1000

Microsoft Corp and the FBI, aided by authorities in more than 80 countries, have launched a major assault on one of the world's biggest cyber crime rings, believed to have stolen more than $500 million from bank accounts over the past 18 months.

Exclusive: Microsoft, FBI take aim at global cyber crime ring

Thu, 06 Jun 2013 10:00:03 +1000

U.S. Treasury to sell more GM shares as it winds down stake

Thu, 06 Jun 2013 00:49:02 +1000

The U.S. Treasury Department on Wednesday announced plans to sell 30 million shares of General Motors Co common stock as part of its ongoing effort to wind down the government's stake in the bailed-out automaker.

MF Global ends bankruptcy as trustee Freeh steps down

Wed, 05 Jun 2013 12:21:02 +1000

Collapsed brokerage MF Global Holdings Ltd on Tuesday effectively ended its bankruptcy, saying court-appointed trustee Louis Freeh will step down and hand the estate's remaining wind-down duties to a new three-member board.

HSBC sued by New York over foreclosure abuses

Wed, 05 Jun 2013 03:21:02 +1000

New York state sued HSBC Holdings Plc for ignoring a law designed to protect struggling homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortgages.

Insight: Corbat faces ghost of Weill's deals in Citi's machines

Tue, 04 Jun 2013 15:21:03 +1000

When Vikram Pandit was abruptly ousted as Citigroup Inc's chief executive late last year, senior bank employees speculated for weeks about who would follow him out the door.

Insight - Corbat faces ghost of Weill's deals in Citi's machines

Tue, 04 Jun 2013 15:21:02 +1000

When Vikram Pandit was abruptly ousted as Citigroup Inc's chief executive late last year, senior bank employees speculated for weeks about who would follow him out the door.

Lawmaker asks Justice Department to investigate JPMorgan power trading

Thu, 30 May 2013 10:14:02 +1000

A Congressman on Wednesday called on the Department of Justice to investigate JPMorgan Chase & Co's power trading in Michigan, as the Federal Energy Regulatory Commission considers whether to sanction the firm.

Congressman asks Justice Dept to investigate JPMorgan trading

Thu, 30 May 2013 09:42:02 +1000

Stock futures dip as investors seek Fed stimulus clarity

Wed, 29 May 2013 22:07:02 +1000

Stock index futures fell on Wednesday, indicating a drop off record highs at the open, as investors continued to question the longevity of the Federal Reserve's stimulus program.

Stock futures down, investors seek Fed stimulus clarity

Wed, 29 May 2013 21:21:02 +1000

Stock index futures fell on Wednesday, indicating a drop off record highs at the open, as investors continued to question the longevity of the Federal Reserve's stimulus program.

New York claims more proof of bank mortgage abuses

Sat, 25 May 2013 06:21:02 +1000

New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.

Exclusive: New York claims more proof of bank mortgage abuses

Sat, 25 May 2013 04:28:03 +1000

Exclusive: NY attorney general says more evidence banks violated mortgage pact

Sat, 25 May 2013 03:28:03 +1000

Proxy advisory firm settles SEC charges over data breach

Fri, 24 May 2013 07:28:03 +1000

Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets.

FCA fines JPMorgan 3 million pounds

Thu, 23 May 2013 21:35:02 +1000

Britain's Financial Conduct Authority said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds for being unable to show it was giving clients the right advice.

China Heads to Further Slowdown as Manufacturing Activity Contracts in May

Thu, 23 May 2013 14:56:48 +1000

Preliminary HSBC China Manufacturing PMI showed a reading of 49.6 in May, indicating a contraction in activity.

Dimon clings to JPMorgan chairman title, after fight

Wed, 22 May 2013 10:14:02 +1000

Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit.

Wall Street advances as Home Depot, JPMorgan buoy Dow

Wed, 22 May 2013 03:00:04 +1000

Stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony from Federal Reserve Chairman Ben Bernanke.

Dimon keeps JPMorgan chairman title after bruising battle

Wed, 22 May 2013 03:00:03 +1000

Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders decided to let him keep his chairman title by an even greater margin than last year.