Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.» Read More
Oct 10- A U.S. state court has ordered JPMorgan Chase& Co to pay more than $18 million to a trust in a suit stemming from the bank's recommendation of a security that was unsuitable for the trust and benefited the bank.
NEW YORK, Oct 10- In an unusual breaking of ranks, Moody's ratings agency called out rival Standard& Poor's on Wednesday, saying its competitor had given an investment-grade rating to a deal that didn't warrant it. It was the first conduit deal that Moody's was not asked to rate since May, 2011, according to Credit Suisse.
Oct 10- Fitch Ratings has affirmed JPMorgan Chase& Co.' s. Long-term Issuer Default rating at' A+' and Short-term IDR at' F1'. Fitch also affirmed JPM's Viability Rating at' a+', its Support Rating at' 1' and its Support Rating Floor at' A'.
Stocks finished near session lows Wednesday, with the Dow logging another triple-digit loss, pressured by a tepid start to earnings season and worries over the sluggish global economic growth.
NEW YORK, Oct 10- Last week, New York Attorney General Eric Schneiderman, who is the co-chairman of the Residential Mortgage-Backed Securities Working Group- which President Obama formed earlier this year to investigate who was responsible for the misconduct that led to the financial crisis- filed a complaint against JPMorgan Chase.
Oct 9- Inrix Inc, which provides road traffic data, is working with Goldman Sachs Group Inc and JPMorgan Chase& Co to help it file for an initial public offering likely next year, the Wall Street Journal reported.
Oct 10- A U.S. state court has ordered JPMorgan Chase& Co to pay more than $18 million to a trust in a suit stemming from the bank's recommendation of a type of complex security that was unsuitable for the trust and benefited the bank.
WASHINGTON, Oct 10- JPMorgan Chase& Co Chief Executive Jamie Dimon said his company has lost up to $10 billion as a result of the government asking him to buy teetering Wall Street firm Bear Stearns during the financial crisis.
While government prosecutors pursue lawsuits against JPMorgan Chase and Wells Fargo for "misconduct" in the mortgage market, and Wall Street firms complain about new regulations, compensation on the Street is rising.
WASHINGTON, Oct 10- The chief executive of JPMorgan Chase& Co, Jamie Dimon, waded into the U.S. fiscal debate on Wednesday when he said he was willing to pay a higher individual tax rate while calling for lower corporate taxes so U.S. business can compete in a global economy.
WASHINGTON, Oct 10- JPMorgan Chase& Co Chief Executive Jamie Dimon said his company has lost up to $10 billion as a result of the government asking him to buy teetering Wall Street firm Bear Stearns during the financial crisis. "I'm going to say we've lost $5 billion to $10 billion on various things related to Bear Stearns now.
WASHINGTON, Oct 10- The chief executive of JPMorgan Chase& Co said he should have caught the " London whale" derivatives trades that resulted in a multibillion-dollar loss for the bank. So far, JPMorgan has estimated its total trading loss at $5.8 billion.
Treasury debt prices in the latest week as worries over the outcome of Europe's debt crisis supported safe-haven buying of U.S. government debt, a survey released on Wednesday showed. The share of investors who were "short", or holding fewer Treasuries than their benchmarks, was unchanged on the week at 15 percent, according to the latest J.P. Morgan survey.
NEW YORK-- Shares of Alcoa Inc. fell Wednesday after the aluminum manufacturer reported a third-quarter loss and lowered its 2012 forecast for growth in aluminum demand. THE SPARK: Alcoa said Tuesday that it lost $143 million, or 13 cents a share, in the July-September quarter, largely due to one-time charges.
MOSCOW, Oct 10- Russian Railways continued its drive to raise 100 billion roubles of investment capital this year by adding 12.5 billion roubles to its outstanding seven-year Eurobond issue, one of the deal's arrangers told Reuters on Wednesday. Alongside VTB Capital, J.P. Morgan and Royal Bank of Scotland arranged both deals.
sold $1 billion of senior notes in the 144 a private placement market on Tuesday, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Goldman Sachs, Barclays Capital, J.P. Morgan, Credit Suisse, Deutsche Bank, Wells Fargo and UBS were the joint bookrunning managers for the sale.
October 10- Following are terms and conditions. of a bond increased on Wednesday.
Oct 10- Jo-Ann Stores Holdings Inc.. on Tuesday sold $325 million of senor PIK toggle notes in the 144 a private placement market, said IFR, a Thomson Reuters service. J.P. Morgan, Bank of America Merrill Lynch and Barclays Capital were the joint bookrunning managers for the sale.
Oct 10- JPMorgan Chase& Co must pay more than $18 million to a trust in a suit stemming from its improper recommendation of a type of complex security that was unsuitable for the trust and benefited the bank, a U.S. state court judge has ruled.
*Roumani to cap fund's size at $1 bln. LONDON, Oct 10- Fahad Roumani, the JP Morgan "prop" trader still making bets with the bank's capital, has made clients in his hedge fund 14 percent this year, boosting efforts to win new investors and replace money the bank has started to pull from the fund. Roumani's JPS Credit Opportunities Fund, which JP Morgan.