GO
Loading...

JPMorgan Chase and Co

More

  • Final Glance: Banks companies Friday, 21 Nov 2014 | 6:02 PM ET

    Citigroup Inc. rose$. 14 or. 3 percent, to $53.66. JPMorgan Chase rose$. 33 or. 5 percent, to $60.45. Morgan Stanley rose$. 14 or. 4 percent, to $35.53.

  • WASHINGTON, Nov 21- A top Federal Reserve official on Friday pledged to a Senate investigative subcommittee that the U.S. central bank would broaden its review of gaps in its regulation of the physical commodity operations of U.S. banks. In response to questioning at a hearing on Friday, Fed Governor Daniel Tarullo said the bank would look into filling those...

  • NEW YORK, Nov 21- The trading executive at the center of Michael Lewis' book "Flash Boys" said U.S. regulators have made progress in protecting investors against abusive trading practices. Brad Katsuyama, chief executive of IEX Group, has spent years figuring out how high-speed traders collect a few cents on every trade in the U.S. stock market, and is building a...

  • New York Fed chief on defensive on bank oversight Friday, 21 Nov 2014 | 1:34 PM ET

    William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and rigorous in their oversight of the biggest U.S. banks. "Of course we are not perfect, but we always strive to improve and retain your trust," Dudley said at the hearing, which focused on whether the Federal Reserve has too cozy of a...

  • WASHINGTON, Nov 21- New York Federal Reserve Bank President William Dudley came under fire on Friday from Democratic senators who blasted the bank for lax oversight of major financial institutions. I think the evidence suggests that there is, "said Massachusetts Democrat Elizabeth Warren, a frequent critic of the big banks who is seen as a possible 2016...

  • Goldman Sachs Group Inc retained its No. 1 position as M&A adviser with deals worth $877 billion, followed by JPMorgan Chase& Co with $651 billion and Citigroup Inc with $633 billion. The $66.4 billion bid for Allergan Inc by Actavis PLC this week more than doubled the total value of deals in the healthcare sector to $364 billion. Halliburton Co's plans to buy...

  • WASHINGTON, Nov 21- Several Democratic senators on Friday criticized the New York Federal Reserve Bank as too close to the mammoth financial institutions it regulates, taking particular aim at the hiring of Fed alumni at firms like Goldman Sachs- and vice versa. that ties between the Fed and the banking industry are perceived as cozy, and arguably contributed to...

  • Early Glance: Banks companies Friday, 21 Nov 2014 | 10:17 AM ET

    Bank of America Corp. rose$. 13 or. 8 percent, to $17.13. Citigroup Inc. rose$. 69 or 1.3 percent, to $54.21. Goldman Sachs rose$. 26 or. 1 percent, to $190.02.

  • "We are conducting a careful and thorough assessment of the costs and benefits of financial holding company engagement in these activities," Fed Governor Daniel Tarullo said in prepared remarks ahead of a Senate subcommittee hearing on the issue of banks' involvement with physical commodities. Goldman Sachs Group Inc, Morgan Stanley and J.P. Morgan built huge...

  • ECB drops Citi from FX contact group Friday, 21 Nov 2014 | 9:46 AM ET

    FRANKFURT, Nov 21- The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency market. A spokesman for Citi in London declined to comment. Citi's fines last week totaled $1.018 billion, made up of $358...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • Final Glance: Banks companies Thursday, 20 Nov 2014 | 6:02 PM ET

    Bank of America Corp. fell$. 06 or. 4 percent, to $17.00. Citigroup Inc. fell$. 14 or. 3 percent, to $53.52. Goldman Sachs rose$. 56 or. 3 percent, to $189.75.

  • FOREX-Dollar takes a breather, upbeat data underpins Thursday, 20 Nov 2014 | 5:45 PM ET

    SYDNEY, Nov 21- The U.S. dollar paused for breath on Friday as its recent rapid ascent on the yen attracted profit taking, though the market mood remains bullish on the currency given the outperformance of the U.S. economy. Having climbed almost 10 yen since the Bank of Japan sprang its surprise easing in late October, the dollar was overdue some consolidation if not...

  • Alibaba wows market with US$8bn debut dollar bond Thursday, 20 Nov 2014 | 5:14 PM ET

    NEW YORK, Nov 20- Alibaba wowed the markets Thursday with its ground-breaking US $8 bn debut dollar bond, pricing it at levels in line with and even tighter than some of the world's best-known companies. Alibaba priced US $1 bn 1.625% three-year fixed-rate notes at T +70 bp; a US $300 m three-year floater at 3 mL +52 bp; US $2.25 bn of 2.5% fives at T +95 bp; US $1.5 bn of...

  • Most US unemployed don't get benefits: Here's why Thursday, 20 Nov 2014 | 4:05 PM ET

    WASHINGTON— Even though the U.S. job market is gaining strength, there are still a lot of unemployed Americans. Yet only a fraction of them are actually receiving jobless benefits. "We cut back on the safety net really sharply when the labor market is still damaged," said Josh Bivens, director of research at the Economic Policy Institute, a liberal think tank.

  • Midday Glance: Banks companies Thursday, 20 Nov 2014 | 2:49 PM ET

    Bank of America Corp. fell$. 08 or. 5 percent, to $16.98. Citigroup Inc. fell$. 39 or. 7 percent, to $53.27. Goldman Sachs fell$. 18 or. 1 percent, to $189.02.

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • WASHINGTON, Nov 20- Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve. The Labor Department said on Thursday its so-called core Consumer Price Index, which excludes food and energy, increased 0.2 percent,...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • Early Glance: Banks companies Thursday, 20 Nov 2014 | 10:29 AM ET

    Bank of America Corp. fell$. 09 or. 5 percent, to $16.97. Citigroup Inc. fell$. 40 or. 7 percent, to $53.26. US Bank fell$. 12 or. 3 percent, to $43.77.