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JPMorgan Chase and Co

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  • WASHINGTON, Oct 31- The U.S. The U.S. central bank has cut interest rates almost to zero and last month announced a third round of quantitative easing in which it would buy $40 billion a month in mortgages to further drive down borrowing costs and combat unemployment.

  • Oct 31- Visa Inc's fourth-quarter profit rose 89 percent, beating analyst estimates, and the world's largest credit and debit-card network authorized a new $1.5 billion share repurchase program.

  • WASHINGTON, Oct 31- Applications for U.S. home mortgages fell last week as demand for refinancing tumbled for the fourth week in a row, an industry group said on Wednesday, although other recent data has indicated the housing market is improving.

  • Oct 31- JPMorgan Chase& Co, Citigroup Inc and Wells Fargo& Co said on Wednesday they have reopened more than half of the branches that were closed as Hurricane Sandy battered the U.S. East Coast early this week. JPMorgan said it had reopened 587 Chase branches, about 55 percent of the total in the states of New York, New Jersey and Pennsylvania.

  • BOSTON, Oct 31- Some of Citigroup Inc's banking sites went down for about half an hour on Wednesday, making its online banking system temporarily inaccessible to customers, some of whom were housebound in the wake of giant storm Sandy.

  • BOSTON, Oct 31- Some of Citigroup Inc's banking sites went down for about half an hour on Wednesday, making its online banking system temporarily inaccessible to customers, some of whom were housebound in the wake of giant storm Sandy.

  • UPDATE 2-Wall Street scrambles to raise cash after Sandy Wednesday, 31 Oct 2012 | 6:55 PM ET

    NEW YORK, Oct 31- Wall Street firms and U.S. banks scrambled to raise cash on Wednesday, as U.S. financial markets resumed normal trading after a devastating storm pummeled the U.S. East Coast and closed major markets for two days.

  • UPDATE 2-JPMorgan sues former London Whale boss Wednesday, 31 Oct 2012 | 5:00 PM ET

    LONDON, Oct 31- JPMorgan Chase& Co is suing the former boss of Bruno Iksil, the trader known as the London Whale, for the outsized derivatives positions he took that cost the bank $6.2 billion. He added that JPMorgan has so far failed to provide details of the evidence to support its allegations, which would enable Martin-Artajo to begin the process of his defence.

  • UPDATE 2-Noble denies seeking to sell agribusiness Wednesday, 31 Oct 2012 | 4:11 PM ET

    LONDON/ SINGAPORE, Oct 31- Singapore- listed commodities firm Noble Group Ltd denied it wanted to sell its agribusiness unit, after industry sources said it was looking for a buyer as an alternative to plans for a separate share listing. JPMorgan, Citigroup and Goldman Sachs were hired for the deal.

  • The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, was down 4.8 percent in the week ended Oct 26.

  • UPDATE 1-JPMorgan sues former London Whale boss Wednesday, 31 Oct 2012 | 1:48 PM ET

    LONDON, Oct 31- JPMorgan Chase& Co has filed a9519reuff. LONDON, Oct 31- JPMorgan Chase& Co has filed a suit in a British court against the former boss of Bruno Iksil, the trader known as the London Whale, for the outsized derivatives positions he took that cost the bank $6.2 billion in losses this year.

  • JPMorgan sues former London Whale boss-report Wednesday, 31 Oct 2012 | 1:30 PM ET

    Oct 31- JPMorgan Chase& Co has filed suit against the former boss of Bruno Iksil, the trader known as the London Whale for the outsized derivatives positions he took that cost the bank $6.2 billion this year, according to a published report. JPMorgan executives said in July the bank would act to take back pay from traders and supervisors involved in the loss.

  • UPDATE 3-Barclays hit by fresh U.S. investigations Wednesday, 31 Oct 2012 | 11:17 AM ET

    *Barclays may be hit soon with penalty on past U.S. power prices. LONDON, Oct 31- Barclays, already rocked by an interest rate rigging scandal, unveiled new U.S. regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.

  • *HSI up 1 pct, climbs 3.8 pct this month. HONG KONG, Oct 31- Hong Kong shares posted a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.

  • *NYSE, Nasdaq OMX testing trading systems on Tuesday. NYSE Euronext said the New York Stock Exchange would open as usual, although it was prepared to switch to fully electronic trading if necessary. ``We have a green light,'' the chief operating officer of NYSE Euronext, Larry Leibowitz, said in an interview.

  • UPDATE 2-S&P downgrades Argentine sovereign debt Tuesday, 30 Oct 2012 | 10:00 PM ET

    BUENOS AIRES, Oct 30- Argentina was hit by a sovereign credit ratings downgrade on Tuesday after the government blasted a U.S. court ruling that would force the country to repay creditors who have sued to collect on defaulted bonds.

  • *NYSE, Nasdaq OMX testing trading systems on Tuesday. *NYSE could switch to electronic trading if necessary. NYSE Euronext said the New York Stock Exchange would open, although it would switch to fully electronic trading if necessary.

  • UPDATE 1-Argentina vows never to pay "vulture funds" Tuesday, 30 Oct 2012 | 6:57 PM ET

    *Argentina to fight judicial decision. BUENOS AIRES, Oct 30- Argentina's economy minister blasted a U.S. court ruling that would force the country to repay creditors who have sued to collect on defaulted Argentine bonds, saying the country will never pay the ``vulture funds.''.

  • UPDATE 4-US stock markets to reopen Wednesday Tuesday, 30 Oct 2012 | 6:32 PM ET

    *NYSE, Nasdaq OMX testing trading systems on Tuesday. NYSE Euronext said the New York Stock Exchange would open, although it would switch to fully electronic trading if necessary. Lower Manhattan, where Wall Street and the NYSE are located, lost power on Monday after being buffeted by Sandy, the worst storm to hit New York since at least 1938..

  • *NYSE, Nasdaq OMX testing trading systems on Tuesday. NYSE Euronext said the New York Stock Exchange would open, although it would switch to fully electronic trading if necessary. The southern tip of Manhattan where Wall Street and the NYSE are located lost power on Monday after being buffetted by Sandy, the worst storm to hit New York since at least 1938..