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JPMorgan Chase and Co

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  • WASHINGTON— All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. "This week's tests are a more modest standard than what we will get next week," said Cayetano Carrasco-Gea, senior director at Moody's Analytics. The banks undergoing the stress tests...

  • MORGAN STANLEY RATIO 6.2 PCT, GOLDMAN SACHS 6.3 PCT, JPMORGAN 6.5 PCT IN TEST.

  • NEW YORK— High-end hotel chain Mandarin Oriental is the latest company to reveal that its credit card systems were hacked. Mandarin Oriental operates about 30 hotels in cities across the world including Paris, London, Geneva, New York, Miami, San Francisco, Las Vegas as well as Shanghai, Hong Kong and Macau. Mandarin Oriental is a unit of conglomerate Jardine...

  • Midday Glance: Banks companies Thursday, 5 Mar 2015 | 1:28 PM ET

    Bank of America Corp. rose$. 11 or. 7 percent, to $15.95. Citigroup Inc. fell$. 30 or. 6 percent, to $53.37. Goldman Sachs fell$. 56 or. 3 percent, to $189.11.

  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • Aviva ensures FTSE 100's move back toward record highs Thursday, 5 Mar 2015 | 12:01 PM ET

    *Aviva and Friends Life surge after strong results. LONDON, March 5- Britain's top share index approached record highs again on Thursday, lifted by a rally in insurance stocks such as Aviva after positive results in the sector. Aviva rose 7.1 percent, to be among the top gainers in the FTSE 100, after reporting higher profits.

  • WASHINGTON, March 5- The number of Americans filing new claims for unemployment aid last week rose to its highest level since May, but economists dismissed the increase as weather-related and said the jobs market remained solid. "The underlying fundamentals of the economy remain solid and there is no reason we won't continue to see the type of economic growth...

  • *Javier Martin-Artajo attends court hearing in Madrid. MADRID, March 5- A Spanish prosecutor has recommended extradition to the United States of Javier Martin-Artajo, an ex- JPMorgan Chase& Co executive indicted over the "London Whale" scandal which led to over $6.2 billion in trading losses at the bank in 2012.. Spaniard Martin-Artajo, who was the London...

  • Early Glance: Banks companies Thursday, 5 Mar 2015 | 11:23 AM ET

    Bank of America Corp. fell$. 02 or. 1 percent, to $15.82. Citigroup Inc. fell$. 34 or. 6 percent, to $53.33. Goldman Sachs rose$. 55 or. 3 percent, to $190.22.

  • LONDON, March 5- Fraudsters are slick and smooth when they request new bank accounts or credit cards-- a characteristic an Israeli company wants to use against them. Banks and other financial firms are coming under sustained attacks from increasingly sophisticated cyber criminals, forcing them to spend more money and resources trying to fight hackers.

  • Rise in Aviva keeps UK's FTSE near record highs Thursday, 5 Mar 2015 | 5:58 AM ET

    *Aviva leads FTSE higher after strong results. Insurer Aviva rose 5.4 percent, the top gainer in the FTSE 100, after reporting a 6 percent rise in 2014 operating profit. "The results are both broadly pleasing and in stark contrast to the travails of recent years, most notably the financial crisis and subsequent dividend cut in 2013," said Richard Hunter, head of...

  • Britain's FTSE steadies near record high, Aviva gains Thursday, 5 Mar 2015 | 4:19 AM ET

    *Blue-chip FTSE 100 index up 0.1 percent. *Aviva leads FTSE higher after strong results. Insurer Aviva rose 4.8 percent, the top gainer in the FTSE 100 index, after reporting a 6 percent rise in 2014 operating profit.

  • March 5- AbbVie Inc is to buy Pharmacyclics Inc for about $21 billion, giving it access to what is expected to be one of the world's top-selling cancer drugs and expanding its reach in the profitable oncology field. AbbVie will pay $261.25 per share in cash and stock, a 13 percent premium to Pharmacyclics stock's closing price on Wednesday. Deutsche Bank analyst...

  • NEW YORK, March 5- When U.S. auto lender Ally Financial Inc failed a key regulatory test two years ago, its executives were surprised to learn that the main reason was that the Federal Reserve treated loans to car dealers just like riskier credit to energy producers or manufacturers. "We felt like in some areas very broad approaches were being taken when maybe it...

  • Final Glance: Banks companies Wednesday, 4 Mar 2015 | 6:17 PM ET

    Bank of America Corp. fell$. 15 or. 9 percent, to $15.84. Citigroup Inc. fell$. 06 or. 1 percent, to $53.67. Goldman Sachs fell $1.60 or. 8 percent, to $189.67.

  • BEIJING, March 5- China's top leaders are expected to revise down their 2015 economic growth target to around 7 percent on Thursday when the annual parliamentary meeting begins in Beijing, signalling the slowest expansion for a quarter of a century. The opening of the annual full meeting of the largely rubber-stamp National People's Congress comes less than a...

  • Midday Glance: Banks companies Wednesday, 4 Mar 2015 | 1:16 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $15.86. Citigroup Inc. fell$. 07 or. 1 percent, to $53.66. Goldman Sachs fell$. 80 or. 4 percent, to $190.47.

  • NEW YORK, March 4- A U.S. judge has dismissed antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs Group Inc, JPMorgan...

  • Don't want to be spied on? You need these phones Wednesday, 4 Mar 2015 | 11:56 AM ET
    GranitePhone

    Smartphone makers are launching a slew of privacy-centric devices in a bid to take advantage of users' concerns about being spied on by governments.

  • NEW YORK, March 4- A U.S. judge dismissed antitrust litigation accusing the parent of the London Metal Exchange, the large mining company Glencore Plc and two other foreign defendants of being part of a conspiracy among Wall Street banks and commodity merchants to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan ruled...