Attention people who both know how to hack things and wouldn't be caught dead working on Wall Street: JP Morgan is not above begging.
As part of JP Morgan Chase's 2015 Investor Day on Tuesday, the bank went over statistics relating to its credit card business, announcing it has provisioned over one million wallets on Apple's fledgling Apple Pay mobile payments service.
Buffett Euro Trip; Icahn loss; JP Morgan is finishing school for CEOs in training; Guy who made love to mailboxes found dead; AND MORE.
If you're going to invest in Argentina, you better put on your big boy pants, and be prepared to lose them. That's the tone of a letter JP Morgan and Deutsche Bank sent potential investors in a proposed Argentine bond offering that was "suspended" less than 48 hours after it was announced. Show More Summary
The Department of Justice is investigating JP Morgan for allegedly marking up auto loans for customers based on their race. This was included in the bank's annual report, which was released on Tuesday. So far this is all we know: The Firm is engaged in discussions with the U.S. Show More Summary
Once again, JPMorgan Chase executives defended the virtues of supersize banking. But more than ever, the firm's owners and overseers seem to crave the simpler things in life and are willing to do... To view the full story, click the title link.
JP Morgan has acknowledged that it simply can't afford to screw up anymore. The banking behemoth has come to accept the new world order of Wall Street — a world order in which capital requirements are high (and maybe climbing higher),...Show More Summary
JP Morgan’s fear that the government can’t defend against cyberattacks might be right. The Wall Street Journal reports that the State Department hasn’t been able to remove hackers from its unclassified email system three months after the breach was discovered in November. Show More Summary
JP Morgan has built a digital security team of more than 1,000 people, many of whom are ex-military cyber security officers, to combat online threats, Bloomberg's Jordan Robertson and Michael A Riley reported. The bank does not believe the US government is doing enough to protect cybersecurity, the report said. Show More Summary
The Street today is debating the fate of Cisco Systems (CSCO) in the context of software-defined networking, or SDN, in particular in the aftermath of Hewlett-Packard’s (HPQ) announcement this morning that it has partnered with Silicon Valley startup Cumulus Networks to make switches that run Linux-based networking software. Cisco stock is down 24 cents, or 0.8%, at [...]
Germany tells Greece to fuck itself; Morgan Stanley wondering if junior employee didn't really post client info online; HFT firm will IPO; "Skijoring event combines skiing with horse racing"; When the hackers come back, JP Morgan will be ready.
Apple’s “Apple Watch Edition” smart watch in gold finish. Apple has not disclosed pricing for the fancier models. Shares of Apple (AAPL) are up $2.03, or 1.7%, at $124.04, after yesterday closing at a market record $711 billion market capitalization, with J. P. Morgan’s Rod Hall raising his price target on the stock to $145 [...]
Investment firm J.P. Morgan on Wednesday revised its estimates to accommodate for the April launch of the Apple Watch, a product it believes will help push shares of AAPL to $145 before the end of 2015.
Investment bank JP Morgan is being investigated by US authorities for hiring the son of China’s commerce minister despite him being one of the worst candidates its recruiters had seen, the Wall Street Journal reported. Gao Jue, son of minister Gao Hucheng, was hired by JP Morgan and kept on...
JP Morgan is reportedly being investigated by US authorities for hiring the son of China’s commerce minister. ||| New York - Investment bank JP Morgan is being investigated by US authorities for hiring the son of China's commerce minister despite him being one of the worst candidates its recruiters had seen, the Wall Street Journal reported. Show More Summary
Here is what the sellside is looking for when the BLS reports the January NFP in less than 30 minutes: UBS 200K Goldman Sachs 210K HSBC 225K JP Morgan 225K Credit Suisse 230K Deutsche Bank 240K Morgan Stanley 245K Citigroup 275K And some more from RanSquawk's full preview of January non-farm payrolls: US Change in Nonfarm Payrolls (Jan) M/M Exp. Show More Summary
The last several years have been good for criminal hackers and bad for consumers. From last year's unprecedented string of major retailer breaches to the massive JP Morgan hack and Sony's epic debacle, hackers have been almost unstoppable. Show More Summary
On the Web: Facebook is now more valuable than JP Morgan Chase - Quartz - "As of the end of trading yesterday, Facebook’s market value rested at some $212 billion..." On the Wires: First Data and Capgemini Form Global Alliance to Deliver...Show More Summary
Shares in the NASDAQ listed Chinese portal, Soufun, jumped 7.2% on Wednesday following JP Morgan upgrading its recommendation to overweight.
Just because she's no longer at the House of Dimon doesn't mean Xenia Tchoumitcheva isn't keeping her finger on the pulse of the markets.