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JPMorgan Chase & Co. (NYSE:JPM) Claims Deception In Washington Mutual Deal

Boston, MA 12/19/2013 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) is set to face off with Federal Deposit Insurance Corp to recover more than $1 billion involved in Washington Mutual purchase agreement. The bank is suing FDIC for failing to honor the obligation reached at the purchase of the then troubled Washington Mutual. JPM claims that […]

JPMorgan Chase & Co. (NYSE:JPM) Offering Global Special Opportunities For Sale

Boston, MA 12/17/2013 (wallstreetpr) – If a Financial Times report is true, JPMorgan Chase & Co. (NYSE:JPM), the largest U.S. lender with market cap at $212.09 billion, is seeking to sell its global investment unit, Global Special Opportunities. Like its peers in the U.S., JPM has been trying to consolidate its operations by walking out […]

Citigroup Inc (NYSE:C) Adds A Wealthy Director To Its Board – BAC, JPM

Boston, MA 12/12/2013 (wallstreetpr) – Citigroup Inc (NYSE:C) has announced the inclusion of Duncan Hennes to its board of directors. There could be several factors which promoted the bank’s chairman Mike O’Neill to get Hennes into his company’s board, but what can clearly be seen is that Hennes brings a wealth of knowledge in risk […]

Regions Financial Corporation (NYSE:RF): Consolidation Is The Name Of The Game – JPM, BAC

Boston, MA 12/11/2013 (wallstreetpr) – Regions Financial Corporation (NYSE:RF) is a Fortune 500 company and the only one in Birmingham. Under chief executive Grayson Hall, the company has turned around impressively and the future is even promising. Its profits are up and expenses and down at the same. It is expanding revenue sources and consolidating operations […]

Year-To-Date, Bank of America Corp (NYSE:BAC) Is The Performance Leader – JPM, C

Boston, MA 11/28/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) operates in recovering financial environment. But even in this environment, the bank is doing greatly in several fronts compared to its peers that make the cluster of the largest banks in the U.S. by asset value.  Looking at the valuation, the BAC comes ahead of JPMorgan […]

Bank of America Corp (NYSE:BAC): Employees Disagree Over Video ATMs – JPM, WFC

Boston, MA 11/27/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC), the second largest bank in the U.S. after JPMorgan Chase & Co. (NYSE:JPM) is reducing its location branches as part of cost reduction strategy. The bank’s CEO Brian Moynihan is promising to take the financial institution back to its former glory days. This means seeking […]

JPMorgan Chase & Co. (NYSE:JPM) Clear Winner In The $13 Billion Settlement Deal With Feds

Boston, MA 11/19/2013 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM), the largest bank in the U.S. with market value at $209.54 billion has seen a string of legal onslaught since the financial crisis about four years ago. The company is among several major bankers in the U.S. that have had run-ins with the government of […]

JPMorgan Chase & Co. (NYSE:JPM): $13 Billion Deal Appears Collapsing

Boston, MA 11/01/2013 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) is a global full financial services provider. The company’s interests touch on commercial banking, investment banking and asset management among others. The holding bank has a market cap of $193.75 billion as of Thursday, October 31. The latest about the company reveals that its $13 billion […]

JPMorgan Chase & Co. (NYSE:JPM) Spares $1.4 Million Support Financial Capacity

Boston, MA 10/29/2013 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) will give $1.4 million to leading nonprofits in the U.S. to enhance the financial position of the underserved communities. The funds are being released through the bank’s foundation. This grant will play an important role of identifying, evaluating and supporting new saving and asset-building activities across […]

JPMorgan Chase & Co. (NYSE:JPM) Launches $156.5 Billion MECI

Boston, MA 10/24/2013 (wallstreetpr) – The global financial solutions provider JPMorgan Chase & Co. (NYSE:JPM) has now launched a new emerging market fixed income to be known as the J.P. Morgan Middle East Composite Index (MECI). This composite index captures the Middle East USD-denominated debt market and it covers sovereign, corporate and quasi-sovereign issuers. This new addition […]

Tough Times For JPMorgan Chase & Co. (NYSE:JPM) As Handling Criminal Probe Looks Tedious

Boston, MA 10/21/2013 (wallstreetpr) – As per some reports, The CEO of JPMorgan Chase & Co. (NYSE:JPM) has complained and even pleaded to the U.S. justice department regarding the criminal probe on the bank. However, he failed to convince the government because the prosecutors are still not aware of the details of the findings. There are reports […]

JPMorgan Chase & Co. (NYSE:JPM) To Pay CFTC A Fine Of $100 Million

Boston, MA 10/17/2013 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM), which has been in news for quite some time for its unacceptable trading practices, has shown consent to pay a fine and has settled terms with the U.S. Commodity Futures Trading Commission.  The bank will be paying for a series of fines, which makes the bank […]

Penalties: How Many Are Enough For JPMorgan Chase & Co. (NYSE:JPM)?

Boston, MA 10/16/2013 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) is not new to controversies. It has recently reported in the last quarter a hole of more than $900 million in its profit books due to legal debacles. The company has also just agreed to pay $100 million to Commodity Futures Trading Commission in relation to […]

How Law Firms Ate JPMorgan Chase & Co. (NYSE:JPM) Profit

Boston, MA 10/14/2013 (wallstreetpr) –  JPMorgan Chase & Co. (NYSE:JPM), the largest bank in the U.S., has little to celebrate about is third quarter (Q3.13). The bank reported $0.17 per share loss or $380 million. These losses resulted to oversize legal expenses. So what JMP lost was earned by corporate law firms. JPM has been […]

J.P. Morgan (NYSE:JPM) Appoints Marianne Lake As CFO – JPM, PNC, NBG, MTU, FRC

JPMorgan Chase & Co. (NYSE:JPM) announced on Monday that it has promoted Marianne Lake to CFO, thriving Dough Braunstein who will become a vice chairman. Ms. Lake will also join the bank’s operating committee, is at present financial chief for J.P. Morgan’s consumer and community banking segment. Her hired is effective early on next year. […]

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