Wells Fargo & Co (NYSE:WFC) and JP Morgan Chase & Co. (NYSE:JPM) are among the top picks for Michael Mangan, Portfolio manager at Harris Associates. Both Wells Fargo and JP Morgan had to pay huge sum as fines following the financial crisis back in 2008-09. In Spite of the continuing fines paid by these companies, […]
All together, JPMorgan Chase has an over 200-year history. As we've reported before, it played an indirect role in killing America's first Secretary of the Treasury, winning World War I, contributing to the 2008 financial crisis, and...Show More Summary
This time, it's a $4.2 billion fine. That's how much UBS, HSBC, Citibank, JP Morgan Chase, Bank of America, and the Royal Bank of Scotland are collectively paying to U.S., U.K., and Swiss regulators for rigging the foreign-exchange, or FX, market. Just another day on Wall Street. This latest malfeasance was something regulators hadn't worried about […]
HSBC, Royal Bank of Scotland, UBS, JP Morgan Chase and Citibank all forced to pay up by FCA and CFTC One-Minute Read Wednesday, November 12, 2014 - 9:51am UK and US financial regulators have together fined five banks a total of £2bn for fixing foreign exchange rates. Show More Summary
With egg-freezing it's easier than ever to delay childbirth. But for women who want a family sooner than later, it pays to have a plan. With the news that Apple, Facebook, Citigroup, and JP Morgan Chase are covering part of the cost of egg freezing, corporate America is making it easier than ever for women to delay childbearing. Show More Summary
Good to see Taibbi back to doing what he does best: Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep […]
Thank the bankers at JP Morgan Chase for lighting an exit sign for New Yorkers stuck in the low-wage jobs trap.
Today's New York Times reveals that the folks who hacked the website of JP Morgan Chase, one of the world's largest banks, also hacked the website and account of the bank's affiliated charity arm - the Chase Corporate Challenge.In July,...Show More Summary
The Wall Street Journal’s Daily Report on Global Central Banks for Wednesday, October 22, 2014. Jon Hilsenrath writes that new revelations about the New York Fed's failure to investigate JP Morgan Chase's investment unit ahead of the "London Whale" trading debacle raises fresh questions about the regulator's willingness to get tough on banks.
JP Morgan Chase’s third-quarter results were published more than three hours ahead of schedule because of a mistake by Shareholder.com, the investor-communications company owned by Nasdaq OMX Group Inc. “The root cause was a human error internally at Shareholder.com,” Ryan Wells, a Nasdaq spokesman, said in an e-mailed statement. Show More Summary
It’s a swell time to be an investment banker at the House of Morgan. Bond traders at JP Morgan? Better luck next time. Bond traders at JPMorgan Chase & Co. and Citigroup Inc. face the fastest-shrinking bonus pools on Wall Street this year, while Morgan Stanley investment bankers head for the greatest gains. Show More Summary
By Christopher F. Davis: Many of the large commercial bank stocks have performed so-so, for lack of a better term, thus far in 2014. Market leaders such as JP Morgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) have had mixed performance. Show More Summary
Last night it was reported that telecoms operator AT&T had fallen victim to a serious data breach that left approximately 1,600 of its customers exposed. It might seem like a small number, but it’s the latest in a long line … Continue reading ?
The hackers who stole information from 76 million households and 7 million businesses aren't the only ones exploiting people in the JP Morgan Chase security breach. Politicians are, too. Sen. Angus King (I-Maine), who sits on the Senate...Show More Summary
Oddly enough, my IT guy was just lecturing me about this yesterday, when I picked up a laptop that had been slowed to a crawl via assorted malware and viruses. He said the single biggest thing you can do to maintain your computer's security is to update Java, Flash, and Adobe as soon as they release the updates. Show More Summary
If you’ve got an account with JP Morgan Chase — change your password.
That's about half of U.S. households, in case you were wondering
JP Morgan Chase says that hackers stole information from 76 million households and 7 million small business accounts in the recent data breach. Plus. the September jobs reports will be released Friday. Jill Wagner reports on the day's top MoneyWatch headlines.
By Joseph Cafariello: U.S. banks have been to hell and back. By the time the financial crisis of 2008-09 reached its deepest depths by March of '09, JP Morgan Chase (NYSE: JPM) shares had fallen over 66% from $48 to $16, Wells FargoShow More Summary
Last November, JP Morgan Chase made headlines when it agreed to a $13 billion settlement with the U.S. Department of Justice to resolve federal civil lawsuits stemming from the bank’s issuance of certain residential mortgage-backed securities leading up to the housing market crash. Show More Summary