JPMorgan Chase

  • JPMorgan chairman Jamie Dimon pay hiked from $11.5 mn to $20 mn January 27, 2014

    Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co, got a 74 per cent pay increase for 2013, when $20 billion of legal settlements weighed on the bank's income. The CEO received $20 million, including $18.5 million of restricted stock recently awarded, the company said in a public filing...
  • Iranian hackers target Bank of America, JPMorgan, Citi September 22, 2012

    Washington: Iranian hackers have repeatedly attacked Bank of America, JPMorgan Chase & Co and Citigroup over the past year as part of a broad cyber campaign targeting the United States, according to people familiar with the situation. The attacks, which began in late 2011 and escalated this year, have primarily been...
  • US probes whether JPMorgan traders hid losses July 14, 2012

    US federal investigators are looking at whether JPMorgan Chase & Co traders hid trading losses that have since grown to $5.8 billion, according to a person familiar with the matter, after the bank said its own probe found reason for suspicion. JPMorgan, the largest US bank, said it believes it will...
  • JPMorgan Chase acknowledges $ 2 bn trading loss May 11, 2012

    JPMorgan Chase, the largest bank in the United States, said on Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. The company's stock plunged almost 7 per cent in afterhours trading after the...
  • JPMorgan reports $ 2 billion trading loss May 11, 2012

    The shares of investment firm JPMorgan Chase plummeted on Friday after it reported a two billion dollar trading loss. ...
  • S&P cuts ratings for big global banks November 30, 2011

    New York: Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and the United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria. JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc, Wells Fargo & Co, Goldman Sachs...
  • Bullion: The White Revolution January 12, 2011

    Gold is a foulweather friend. In times of war, recession and political turmoil, it always goes up. Looking around us, we can see so many signs of instability right now. The threat of terrorism has increased all over, especially so in India. Western Europe is afflicted with a debt contagion....
  • US financial woes deepen, $700 bn bailout plan stuck September 26, 2008

    New York: The $700 billion bailout proposal by the in US government is stuck in political muddle as both Republicans and Democrats fight it out on who should benefit from the treasury's largesse. US President George W Bush has already said that the bailout should not be seen as helping individual...
  • US Fed Reserve cuts discount rate March 17, 2008

    Washington: The US central bank on Sunday cut its lending rate to banks by a quarter of a percentage point and established a new lending facility to make shortterm loans to banks in a dramatic bid to boost liquidity in an economy hit hard by defaults on home mortgages and...