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JPMorgan Chase and Co

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  • NEW YORK, April 16- A former investment adviser at JPMorgan Chase& Co was arrested Thursday and charged with taking at least $20 million out of client accounts and using it to unsuccessfully trade options and pay personal expenses, authorities said. Michael Oppenheim, 48, was arrested at his New Jersey home, authorities said. JPMorgan, the largest U.S. bank by...

  • April 16- Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut in a sign that public angst over "high-frequency" trading is waning. Founder Vincent Viola, a former chairman of the New York Mercantile Exchange, will control Virtu though his ownership of Class D shares, which have more voting power than ordinary shares.

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • April 16- Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut, valuing the company at about $3.23 billion. Virtu's shares opened at $23 and touched a high of $23.67 on Thursday on the Nasdaq. Goldman Sachs Group Inc, JPMorgan Chase& Co and Sandler O'Neill+ Partners LP were among the underwriters for the IPO.

  • April 16- Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business are beginning to pay off. Citi has been slowly getting its house in order by cutting costs and simplifying its structure. Citi's operating expenses fell 10 percent to $10.88 billion in the first...

  • *Continuing claims lowest since December 2000. WASHINGTON, April 16- U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy's ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted...

  • *1st- qtr earnings $5.94/ share vs est. April 16- Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets gyrated during the first three months of the year. Trading in fixed-income products and currencies got a boost after the Swiss central bank scrapped a cap on...

  • April 16- Goldman Sachs Group Inc reported a first-quarter profit on Thursday that handily beat analysts' expectations, driven by a burst of trading in fixed-income and currencies. Goldman said its net income applicable to common shareholders rose to $2.75 billion, or $5.94 per share, for the quarter ended March 31, from $1.95 billion, or $4.02 per share, in the...

  • Goldman profit gets boost from burst of trading Thursday, 16 Apr 2015 | 7:36 AM ET
    Goldman Sachs signage on the floor of the New York Stock Exchange.

    Goldman Sachs delivered quarterly earnings that topped analysts' expectations on Thursday.

  • Fueled by rising oil, stocks could take back highs Thursday, 16 Apr 2015 | 6:11 AM ET
    An oil worker in Mentone, Texas.

    The stock market is in striking distance of its all-time high and could get there in the next few sessions, despite fears about earnings.

  • Final Glance: Banks companies Wednesday, 15 Apr 2015 | 5:57 PM ET

    Bank of America Corp. fell$. 18 or 1.1 percent, to $15.64. Citigroup Inc. rose$. 48 or. 9 percent, to $53.21. Goldman Sachs rose $3.38 or 1.7 percent, to $201.10.

  • Fueled by rising oil, stocks could take back highs Wednesday, 15 Apr 2015 | 5:39 PM ET
    An oil worker in Mentone, Texas.

    The stock market is in striking distance of its all-time high and could get there in the next few sessions, despite fears about earnings.

  • SAFT ON WEALTH-GE points way for 'too big to fail' peers Wednesday, 15 Apr 2015 | 4:41 PM ET

    April 15- If shedding its financing arm did wonders for General Electric's stock price, maybe too-big-to-fail bank peers like Citibank and JP Morgan should consider similar moves. GE last Friday announced a plan to divest most of GE Capital, taking operating earnings from finance eventually down to less than 10 percent of the whole as compared to 57 percent in...

  • Lew: Here's the remedy for strong dollar pain Wednesday, 15 Apr 2015 | 4:00 PM ET
    U.S. Treasury Secretary Jack Lew

    U.S. Treasury Secretary Jack Lew also touched on a sluggish first quarter and bond market uncertainty in a CNBC interview.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher as oil hit highs for the year and investors continued to digest financial earnings and economic reports.

  • GLOBAL MARKETS-Wall St up on earnings, oil surges Wednesday, 15 Apr 2015 | 2:54 PM ET

    *Banks, Intel boost Wall Street. NEW YORK, April 15- U.S. stocks rallied following several strong earnings reports on Wednesday, while European shares hit a 14- year high after the European Central Bank affirmed its loose policy stance. Better-than-expected results from banks JPMorgan Chase and Wells Fargo and earnings from Intel that were broadly in line with...

  • Bank of America swings to a profit in first quarter Wednesday, 15 Apr 2015 | 2:38 PM ET
    Bank of America

    Bank of America posted a profit, swinging from a surprise loss a year earlier when it took a charge of $6 billion for litigation expenses.

  • Most active New York Stock Exchange-traded stocks Wednesday, 15 Apr 2015 | 2:34 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. fell. 2 percent to $13.34 with 34,214,000 shares traded. Bank of America Corp. fell 1.1 percent to $15.64 with 115,292,100 shares traded.

  • Midday Glance: Banks companies Wednesday, 15 Apr 2015 | 2:34 PM ET

    Bank of America Corp. fell$. 18 or 1.1 percent, to $15.65. Citigroup Inc. rose$. 43 or. 8 percent, to $53.16. Goldman Sachs rose $1.93 or 1.0 percent, to $199.65.

  • 5 biggest banks now own almost half the industry Wednesday, 15 Apr 2015 | 2:33 PM ET
    Bank of America

    Too big to fail banks, instead of getting smaller, are pretty much taking over the financial universe.