Two of the largest multinational banking institutions operating in London threatened to decamp for the more tax-friendly pastures of Luxembourg earlier this month, claiming that Great Britain’s heavy tax levies on banks were making it too costly to continue operating in the region. This time, the threat worked.
A few weeks back, Bruno Iksil, the man whose name shall live in CDX trading infamy and whose nicknames will forever haunt the desks at JP Morgan’s taxpayer-sponsored, London-based hedge fund (known in polite circles as "CIO"), got a break when the UK’s financial watchdog dropped its investigation saying it didn’t have a strong enough case. Show More Summary
Also his frat bro from Florida State refuses to believe the accusations of impropriety are true.
Five people were charged in a federal court in New York on Tuesday in cases related to the cyberattack on JP Morgan Chase & Co. last October, which exposed some 83 million bank account records of US households and small businesses, reports the Wall Street Journal. Show More Summary
General Electric's origins go back to the days of Thomas Edison and JP Morgan himself. It's the only component of the Dow Jones Industrial Average today that was part of the original Dow in 1896. GE's market cap sits at around $273 billion. Facebook's origins go back to a Harvard dorm room a little over ten years ago. Show More Summary
Morgan Stanley beats estimates; JP Morgan needs $12.5 billion; "Velociraptor among Japanese hotel's robot staff"; and more.
Which fund families had the best and worst fund flows in June? Vanguard topped the list, with net inflows of $18.2 billion for the months, but iShares, JP Morgan (JPM) and WisdomTree (WETF) also fared well. Pacific Investment Management Co., a unit of Allianz (AZSEY), however, suffered another month of net outflows totaling $7.12 billion, [...]
There are four Chase Ultimate Rewards cards you can apply for. Only points in a Sapphire Preferred or Ink Plus account (or Ink Bold account, if you have a legacy card, or JP Morgan Select or Palladium card which must be obtained through...Show More Summary
JPMorgan has embarked on a management reshuffle that will see Richard Galvin assume the role of head of equity capital markets.
Jamie Dimon warned in JP Morgan Chase's 2014 annual report that "the Silicon Valley is coming." Silicon Valley startups are chasing every profitable part of a large commercial bank. Apple is chasing after interchange from credit card payments. Lending Club and SoFi are attacking consumer lending. Money transfer is under attack on multiple fronts. [...]
The JP Morgan CEO has taken a vow of silence.
JP Morgan; Wells Fargo; Greece; Gundlach; "Man Stole Operating Room Surgical Table"; and more.
Source: JP Morgan
Cost-cutting program, strong deals activity boost bank's result in the quarter.
Interesting chart: Source: JP Morgan
The tactics it used to go after delinquent credit card borrowers have landed JP Morgan Chase in hot water with federal regulators. The post JP Morgan Chase ordered to pay $50 million in consumer refunds appeared first on Elliott.
Once upon a time, at JP Morgan’s London-based internal hedge fund CIO unit, a legend was born. Bruno Iksil — better known as “The London Whale” or “Voldemort” or “He Who Must Not Be Named” — carved out his place in the annals of CDXShow More Summary
Financial Conduct Authority confirms case against former JP Morgan trader will not progress.
JPMorgan Chase settles charges it used illegal tactics to go after credit card borrowers.
Financial giant JP Morgan Chase has sold bad credit card debt to debt buyers and must halt debt collection practices, as well as pay $50 million in cash redress to their affected consumers, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said in a release.