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STRASBOURG, April 15- European lawmakers finally signed off on Tuesday on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blamed for triggering the worst economic slump in a generation.
April 11- JPMorgan Chase& Co executives had an explicit message for shareholders after reporting declining first-quarter earnings: Don't worry, be happy that the bank isn't chasing short-term gains by making irrational lending decisions. The first quarter was a tough one for JPMorgan.
April 11- JPMorgan Chase& Co executives had an explicit message for shareholders after reporting declining first-quarter earnings: Don't worry, be happy that the bank isn't chasing short-term gains by making irrational lending decisions.
April 11- JPMorgan Chase& Co posted far weaker-than-expected quarterly profit as uncertainty about the U.S economy weighed on investor trading volumes and consumer borrowing. JPMorgan's bond trading revenue plunged 21 percent, and mortgage lending revenue fell 84 percent from the same quarter last year.
CNBC's Kayla Tausche reports the latest details from JPMorgan's conference call.
April 11- JPMorgan Chase& Co reported a far weaker-than-expected quarterly profit as revenue from securities trading fell in a climate of uncertainty about the strength of the economic recovery and the Federal Reserve's intentions on interest rates.
NEW YORK— JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in investment banking and mortgage lending. LOWER REVEUE: Revenue, after stripping out the effect of an accounting charge for credit losses, was $23.8 billion, down 8 percent from $25.8 billion a year earlier.
LOS ANGELES— JPMorgan Chase& Co. Chairman and CEO Jamie Dimon's total compensation fell 37 percent last year to $11.8 million as the nation's largest investment bank grappled with billions in legal costs and fines.
NEW YORK, April 9- Jamie Dimon, CEO of JPMorgan Chase& Co, said that settling the big bank's wide-ranging legal cases with multiple government agencies last year was "the most painful, difficult and nerve-wracking experience that I have ever dealt with professionally."
CNBC's Seema Mody reports JPMorgan CEO Jamie Dimon made $11.8 million in 2013.
By Laura Noonan and Gianluca Semeraro. LONDON/ MILAN, April 9- The European Central Bank has dismissed the latest appeal by the region's biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters.
The U.S. banking industry has almost completely recovered from the global financial crisis, but Europe's banks are lagging, JPM's Jamie Dimon says.
NEW YORK, April 2- Blythe Masters, one of Wall Street's most powerful women, is leaving JPMorgan Chase& Co. after a 27- year career that began with an internship in London and concludes with the sale of the multibillion-dollar commodities business she built.
Judge said shareholders adequately alleged JPMorgan misled them about the bank's ability to manage risk before the losses surfaced.
NEW YORK, March 31- JPMorgan Chase& Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the "London Whale" scandal.
NEW YORK, March 31- JPMorgan Chase& Co must face a lawsuit in which shareholders accused it of concealing risks that surfaced when it lost at least $6.2 billion in 2012 over trades made by Bruno Iksil, the so-called London Whale.
U.S. Attorney Preet Bharara argued the government had gone too easy on corporations in recent years, and that felony charges could be in the offing.
NEW YORK, March 28- James Gorman, Morgan Stanley's chief executive and chairman, was awarded total compensation of $12 mln for 2013, double what he got the previous year, the bank said in its proxy filing on Friday.
Now that former JPMorgan executive Michael Cavanaugh has left the building, who's on the short list of likely successors? CNBC's Kayla Tausche takes a look at several likely candidates.
*Carlyle picks up finance veteran as its profit rises. NEW YORK, March 25- Private equity firm Carlyle Group LP poached one of Jamie Dimon's closest aides, Michael Cavanagh, from JPMorgan Chase& Co on Tuesday, in a surprise hire that reflects both the increasing prominence of so-called shadow banking and the regulatory challenges faced by banks.