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JPMorgan Chase and Co

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  • Too big to manage? HSBC's chiefs grilled over tax scandal Wednesday, 25 Feb 2015 | 4:56 AM ET

    HSBC, Europe's biggest bank, has endured a string of scandals and paid billions in penalties to regulators around the world. But recent revelations that its Swiss private bank helped the wealthy evade taxes are raising new questions about whether big banks like HSBC have become too vast to manage— and who should be accountable when things go wrong.

  • Cramer: Looks and smells like a bull? It is a bull Tuesday, 24 Feb 2015 | 6:15 PM ET

    With all of the bull market signs swirling around him, Jim Cramer has declared this is in fact a bull market!

  • Final Glance: Banks companies Tuesday, 24 Feb 2015 | 6:02 PM ET

    Bank of America Corp. rose$. 18 or 1.1 percent, to $16.38. Citigroup Inc. rose$. 58 or 1.1 percent, to $51.90. Goldman Sachs rose $1.91 or 1.0 percent, to $192.22.

  • NEW YORK, Feb 24- JPMorgan Chase& Co said on Tuesday the bank has been questioned by the U.S. Department of Justice over auto lending practices that possibly resulted in discrimination. JPMorgan is the fifth-largest U.S. auto lender behind Ally Financial Inc, Wells Fargo& Co, Toyota Motor Corp's in-house lending arm and Capital One Financial Corp, according to...

  • Home Depot and Toll Brothers are big market movers Tuesday, 24 Feb 2015 | 4:56 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. The Home Depot Inc., up $4.47 to $116.75. JPMorgan Chase& Co., up $1.47 to $60.82.

  • JPMorgan discloses $9 in Iran fees...yes, $9 Tuesday, 24 Feb 2015 | 4:55 PM ET
    A man walks by One Chase Plaza in lower Manhattan

    Federal law requires JPMorgan Chase & Co to disclose Iran-related transactions, which the bank did Tuesday ... all $9 of them.

  • Trader on the floor of the New York Stock Exchange.

    U.S. stocks closed at highs as Yellen's congressional testimony indicated that a rate hike would likely come later rather than sooner.

  • JPMorgan CFO: Bigger is better...for now Tuesday, 24 Feb 2015 | 3:24 PM ET
    Marianne Lake, chief financial officer of JPMorgan Chase & Co.

    "Our synergies are real," said Marianne Lake, pointing to some $15 billion in revenue and $3 billion in cost savings.

  • JPMorgan to close 5% of bank branches Tuesday, 24 Feb 2015 | 2:51 PM ET

    The expense of teller transaction and popularity of online banking leads company to cut brick-and-mortar locations.

  • *Toll Brothers rises after results. NEW YORK, Feb 24- U.S. stocks advanced in choppy trading on Tuesday, with the Dow and S&P 500 touching intraday records, as investors attempted to interpret testimony by Federal Reserve Chair Janet Yellen. Equity investors did not react dramatically because they are likely waiting instead for jobs data due out in a week and its...

  • Most active New York Stock Exchange-traded stocks Tuesday, 24 Feb 2015 | 1:17 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 6 percent to $34.05 with 18,952,000 shares traded. Bank of America Corp. rose 1.1 percent to $16.38 with 72,538,400 shares traded.

  • Midday Glance: Banks companies Tuesday, 24 Feb 2015 | 1:17 PM ET

    Bank of America Corp. rose$. 25 or 1.5 percent, to $16.45. Citigroup Inc. rose$. 74 or 1.4 percent, to $52.06. Goldman Sachs rose $1.79 or. 9 percent, to $192.10.

  • JPMorgan exec downplays benefits of bank split Tuesday, 24 Feb 2015 | 12:16 PM ET

    Executives made their case for why the bank should remain whole as it continues to pare down some businesses. USA Today reports.

  • NEW YORK— JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs. Tellers handled only 42 percent of all bank deposits last year, according to JPMorgan, down from 90 percent in 2007. Along with ATM deposits, banks have introduced technology that only requires...

  • NEW YORK, Feb 24- JPMorgan Chase& Co said on Tuesday it is aiming to save about $1.4 billion in annual expenses, mainly in consumer and investment banking, as a proposed government requirement to hold more capital is expected to be a drag on profits. In a presentation, finance chief Marianne Lake cited about $3 billion in cost efficiencies as one reason why JPMorgan...

  • Early Glance: Banks companies Tuesday, 24 Feb 2015 | 11:24 AM ET

    Bank of America Corp. rose$. 11 or. 7 percent, to $16.31. Citigroup Inc. rose$. 41 or. 8 percent, to $51.73. Goldman Sachs rose $1.25 or. 7 percent, to $191.56.

  • *Toll Brothers rises after results. NEW YORK, Feb 24- U.S. stocks advanced modestly on Tuesday, with the Dow and S&P 500 at intraday records, as investors attempted to interpret testimony by Federal Reserve Chair Janet Yellen. "You see so much conflicting data coming about, between the minutes and public statements that have been made," said Dan Farley, regional...

  • *Barclays move prompted by Moody's downgrade. LONDON, Feb 24- Barclays will remove Russian foreign currency debt from its global bond indexes, putting it off-limits for many international investors, after Moody's became the second agency to downgrade the country's credit rating to junk. "The downgrade does signal more limited access and higher costs for hard...

  • Waiting for Yellen Q&A, but QE helping elsewhere Tuesday, 24 Feb 2015 | 10:21 AM ET
    The Federal Reserve building in Washington.

    As investors await word on U.S. interest rate increases, quantitative easing certainly seems to be helping stock markets in Europe and Japan.

  • US bank earnings drop 7.3 percent in 4Q Tuesday, 24 Feb 2015 | 10:06 AM ET

    The FDIC reported that U.S. banks earned $36.9 billion in the October-December period, down from $39.8 billion a year ago. Three of the biggest U.S. banks— JPMorgan Chase, Bank of America and Citigroup— together posted $4.4 billion in legal costs during the quarter. "The banking industry continued to show further improvement in the fourth quarter, notwithstanding...