Jpmorgan

  • 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...
  • JPMorgan's $13 billion deal hits stumbling blocks: Sources October 30, 2013

    JPMorgan Chase ~~amp;amp; Co and the US Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank's mortgage bonds, two people familiar with the talks said. The bank and the government are arguing over whether JPMorgan should be forced to pay for...
  • JPMorgan's $5 billion settlement doesn't end its troubles October 26, 2013

    Washington: The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it sold. It's merely a down payment. JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs - and it may need it all. In a statement...
  • JPMorgan in tentative $13 billion deal with US Justice Department October 20, 2013

    JPMorgan Chase ~~amp;amp; Co has reached a tentative $13 billion deal with the US Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source familiar with the talks said on Saturday. The tentative deal, the largest ever...
  • Morgan Stanley to cut 1,600 jobs to reduce costs January 10, 2013

    Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on January 9, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums. The staff reduction pertains to Morgan Stanley's institutional securities unit...
  • 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...
  • Bharti Airtel shortlists banks for Infratel IPO: Sources August 25, 2012

    New Delhi/Mumbai: Bharti Airtel has shortlisted banks including Standard Chartered and JPMorgan to manage a share flotation for its telecoms masts unit to raise more than $750 million, two sources with direct knowledge of the matter said. The biggest Indian mobile phone carrier has also shortlisted Bank of America Merrill Lynch,...
  • 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 after-hours 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 foul-weather 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 short-term loans to banks in a dramatic bid to boost liquidity in an economy hit hard by defaults on home mortgages and...