Judge allows some to see critical Tribune report
2010-07-30 01:23:49
Keywords: Judge allows some to see critical Tribune report, jpm,trbcq.pk, legal-matters
Quote: The plan would turn over control of the company to debt holders.In his report Monday, court-appointed examiner Kenneth Klee criticizes some of those lenders, including JPMorgan Chase & Co., for acting irresponsibly in loading Tribune up with debt, even as it became more apparent that the company would have trouble paying it back. JPMorgan spokesman Brian Marchiony declined to comment on the case.Tribune, which owns the Los Angeles Times, Chicago Tribune and other newspapers, as well as TV statio...
Read articleNew York Fed: Toxic assets from AIG gaining value
2010-07-30 01:23:44
Keywords: New York Fed: Toxic assets from AIG gaining value, gs,jpm, economy-govt-and-policy
Quote: Read articleThe Power of the Pivots: Gold, Oil, and the Dow
2010-07-29 09:51:01
Keywords: pivots,the euro,10 year notes,euro,dow,comex,housing market index,housing,new home sales,nymex,gold,crude oil,oil,beige book,federal reserve,ben bernanke,mortgages,homebuyer tax credit,jpmorgan,bank of america,wells fargo,citigroup,banking sector,ban
Quote: Read articleJPMorgan hires staff for trade finance push
2010-07-29 09:50:59
Keywords: Banks,Financials,Banks (industry group),Fund management and asset allocation,United States of America,Labour; Employment; Unemployment,Management issues/policy,Banking services,Financial service providers,India,Asia,Brazil,South and Central America,China,
Quote: Thu Jul 29, 2010 9:00am EDT
* Adds 100 staff to trade finance business * Trade finance to work alongside global corporate bank By Elinor Comlay NEW YORK, July 29 (Reuters) - JPMorgan Chase & Co (JPM.N)
is hiring staff and expanding its trade finance business as
part of a wider push to win more multinational clients. The bank said on Thursday it is expanding the trade finance
business, which helps companies manage cross-border trading,
from about 150 employees to about 250 by the end of this...
Read articleTribune confident it will leave Ch. 11 in 2010
2010-07-28 05:43:24
Keywords: Tribune confident it will leave Ch. 11 in 2010, jpm,trbcq.pk, legal-matters
Quote: The plan calls for handing the company over to a group of lenders.In his report, court-appointed examiner Kenneth Klee criticizes some of those lenders, including JPMorgan Chase & Co., for acting irresponsibly in loading Tribune up with debt, even as it became more apparent that the company would have trouble paying it back.JPMorgan did not immediately respond to messages seeking comment Tuesday.Tribune executives weren't fazed."Most important, while there are a lot of variables, we remain optim...
Read articleWaMu gets ex-DOJ official as bankruptcy examiner
2010-07-27 02:47:35
Keywords: WaMu gets ex-DOJ official as bankruptcy examiner, jpm,wamuq.pk, legal-matters
Quote: Read articleUPDATE - WaMu gets ex-DOJ official as bankruptcy examiner
2010-07-27 02:47:35
Keywords: Labour; Employment; Unemployment,United States of America,U.S. corporate debt,Debt,Bankruptcy proceedings,Legislation,Judicial processes/court cases/court decisions,Management issues/policy,Banks,Banks (industry group),Financials,Regulation and enforcemen
Quote: 25, 2008, when the
Federal Deposit Insurance Corp seized its banking unit and sold
it to JPMorgan Chase & Co (JPM.N) for $1.9 billion. The holding
company filed for bankruptcy protection the next day. Earlier this year, Washington Mutual entered settlements of
its main disputes with both the FDIC and JPMorgan. Its proposed reorganization plan based on those settlements
calls for creditors to recover as much as $6.8 billion. Shareholders, who believe the company's assets are worth as
much as ...
Read articleDaiwa posts Q1 loss on underwriting slump
2010-07-27 02:47:33
Keywords: Financials,Japan,Asia,Banks (industry group),Fund management and asset allocation,United States of America,Banks,Corporate Results,Corporate Results Forecasts,Major Breaking News,Financial service providers,Investment services,Company News item,Economic n
Quote: rivals,
including Goldman Sachs (GS.N) and JPMorgan Chase & Co (JPM.N),
which also suffered from lower trading revenue and investment
banking fees in the latest quarter. Japanese companies sold $5.2 billion worth of shares in the
quarter, less than half the $13.8 billion in the same period a
year earlier, according to Thomson Reuters data, cutting into
underwriting fees across the investment banking industry. Prior to the announcement, shares of Daiwa rose 0.3 percent
to 375 yen, in line wit...
Read articleUPDATE - GM plans to file for IPO during week of Aug 16-sources
2010-07-23 04:32:16
Keywords: Initial Public Offerings,Equities,
Quote: GM also remains in talks with Bank of America Corp (BAC.N),
JPMorgan Chase & Co (JPM.N), and Wells Fargo & Co (WFC.N) for
dealer and consumer financing for more credit-worthy borrowers,
one of the sources said. One concern for potential investors has been whether GM
dealers and potential car buyers have the same kind of access
to financing as competitors with in-house financing operations
like Ford Motor Co (F.N). General Motors on Thursday said it would buy auto finance
company AmeriCre...
Read articleChina real estate portal SouFun preparing IPO -sources
2010-07-23 04:32:13
Keywords: Hong Kong,Asia,China,United States of America,Australia,Emerging countries,Real estate (industry),Internet software and services (industry),Equities,Initial Public Offerings,
Quote: JPMorgan Chase & Co (JPM.N), Bank of America Merrill Lynch
(BAC.N) and UBS AG (UBSN.VX)(UBS.N) were working on the deal,
although no final mandates had been given, sources at the three
banks said on condition of anonymity because nothing had been
finalised. Media reports have said Goldman Sachs Group Inc (GS.N) and
Deutsche Bank AG (DBKGn.DE) may also be vying for mandates. SouFun, 51 percent owned by Australia's Telstra (TLS.AX),
aimed to list on the New York Stock Exchange and could make i...
Read articleHistoric financial overhaul signed to law by Obama
2010-07-22 01:09:42
Keywords: Historic financial overhaul signed to law by Obama, c,gs,jpm
Quote: Noticeably absent, however, were JPMorgan Chase & Co. CEO Jamie Dimon, a past Obama backer, and Goldman Sachs Group Inc. CEO Lloyd Blankfein. Dimon has been vocal in his criticism of some provisions in the bill."The CEOs who opposed reform never expected to be invited to the bill signing, and not a single one has complained to the administration," Deputy Communications Director Jen Psaki wrote in a White House web log Wednesday.Also in the audience were Maryland Vietnam veteran, Andrew Giordano,...
Read articleJPMorgan's Dimon not invited to U.S. bill signing
2010-07-21 02:07:20
Keywords: Banks,Financials,Banks (industry group),Fund management and asset allocation,United States of America,Banking services,Financial service providers,Investment services,United Kingdom,Western Europe,Europe,Washington / US Government News,Regulation and enfo
Quote: Tue Jul 20, 2010 7:48pm EDT
* JPMorgan Chase left off White House invitation list * Citi's Pandit bank exec to attend signing - source By Maria Aspan NEW YORK, July 20 (Reuters) - On Wednesday, JPMorgan Chase
& Co (JPM.N) Chief Executive Jamie Dimon will be left out in
the cold. The outspoken boss of the second-largest U.S. bank was one
of the few major bank heads to fail to receive an invitation to
the signing of the U.S. financial reform bill, a JPMorgan Chase
spokeswoman said on Tuesday....
Read articleTough Stretch Sees Earnings and Revenue Decline at Goldman
2010-07-21 02:07:18
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: Other financial giants, like JPMorgan Chase, Bank of America and Citigroup, also reported disappointing results from their trading operations when they announced second-quarter results. Morgan Stanley, Goldman’s longtime rival, is to report its results on Wednesday.
In addition to the $550 million S.E.C. penalty, Goldman also had a one-time charge of $600 million for a tax on industry bonuses that was imposed in Britain.
In the second quarter, net income totaled $613 million, or 78 cents ...
Read articleBank of America earns $2.78B in 2nd quarter
2010-07-16 08:34:12
Keywords: Bank of America earns $2.78B in 2nd quarter, bac,jpm
Quote: JPMorgan Chase & Co. on Thursday also reported improvements in its consumer loan business.In a statement, Bank of America chief executive Brian Moynihan said the company's "credit quality improved even faster than we expected." Bank CEOs have been cautious throughout the aftermath of the 2008 financial crisis when reporting progess in their loan businesses. Economists and investors are looking to those loan loss levels as an indicator of how well the economic recovery is faring.Bank of America's...
Read articleStock Picks: Apple, JPMorgan Chase, McAfee
2010-07-16 08:34:09
Keywords: top stocks, stock picks, stock recommendations, analyst picks, Apple, iPhone antenna, JPMorgan Chase, McAfee
Quote: Stock Picks: Apple, JPMorgan Chase, McAfeeWall Street analysts offer buy, sell, or hold opinions on stocks in the news on July 15
By Businessweek.com and Bloomberg News Staff
Apple:AppleAAPL) on July 15. He raised a fair value estimate on the shares to $330 from $320. In a note, Fearnley said his industry contacts indicated that sales of the company's Mac and iPods have been in line with the company's expectations. He said the iPad "continues to sell well and above reseller expectations.&qu...
Read articleUPDATE - Stanchart's Flavel to join JPMorgan private bank
2010-07-15 03:44:03
Keywords: Singapore,Asia,Emerging countries,Fund management and asset allocation,Banks (industry group),Financials,United States of America,United Kingdom,Western Europe,Europe,Banks,Banking services,Financial service providers,Company News item,Economic news, EC,
Quote: Read articleFOREX-Euro steady after retreat, Greek auction eyed
2010-07-13 01:14:01
Keywords: United States of America,Japan,Asia,Foreign exchange,Euro,Major Breaking News,Australia,New Zealand,US Dollar Report,Economic news, EC, business/financial pages,
Quote: Other Dow heavyweights reporting earnings this week include
Intel Corp (INTC.O), JPMorgan Chase (JPM.N) and General Electric
(GE.N). The Australian currency slipped 0.3 percent to $0.8739
AUD=D4 after rising as high as $0.8780 earlier in the day.
Resistance is seen at the June 21 high of $0.8860 and at $0.8864,
a 61.8 percent Fibonacci retracement of its fall from April's
high of $0.9389 to......
Read articleOil extends losses, drops below $75
2010-07-13 01:14:00
Keywords: Oil extends losses, drops below $75, aa,bac,goog,intc,jpm
Quote: aluminum producer, is usually the first major company to report earnings, and it said late Monday that revenue rose to $5.2 billion, more than analyst estimates.Later this week, Intel Corp., Google Inc., JPMorgan Chase & Co., and Bank of America Corp. are scheduled to announce earnings.In other Nymex trading in August contracts, heating oil fell 0.55 cent to $1.9858 a gallon, gasoline dropped 0.35 cent to $2.0245 a gallon and natural gas rose 2.7 cents to $4.415 per 1,000 cubic feet.Brent crude ...
Read articleStocks, at crossroads, turn to earnings
2010-07-12 01:12:46
Keywords: Stocks, at crossroads, turn to earnings, aa,bac,goog,intc,jpm,spy
Quote: Read articleRPT-Wall St Week Ahead-Stocks, at crossroads, turn to earnings
2010-07-12 01:12:46
Keywords: Commercial services and supplies (industry group),Industrial machinery,Machinery,
Quote: BUSY EARNINGS WEEK Big names like Google Inc (GOOG.O), Intel Corp (INTC.O),
JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N)
will post their quarterly scorecards in a busy week that will
see Alcoa Inc (AA.N) start the season after the market's close
on Monday. JPMorgan will be in focus as many investors expect
financials to lead or take part in a stocks comeback. But the
bank is expected to post earnings of 67.9 cents per share
according to StarMine's SmartEstimate, which weights...
Read article