JPMorgan Chase and Co
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Bank of America Corp. fell$. 05 or. 4 percent, to $13.16. Citigroup Inc. fell$. 20 or. 4 percent, to $50.09. Goldman Sachs fell$. 93 or. 6 percent, to $164.89.
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.160x105.jpg?v=1371228862 "Millennials Look for Easy Credit Outside Banks")
While 92 percent currently use a bank, nearly half of adults under age 34 say they use prepaid cards, check cashing, pawn shops and payday loans, a new survey says.
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PHOENIX-- Nearly 65,000 Arizonans who lost their homes to foreclosure from 2008 to 2011 will receive checks for $1,480 this summer. Arizona Attorney General Tom Horne says it's part of a settlement with the nation's five largest banks. The $96.5 million settlement involved Ally/ GMAC, Bank of America Corp., Citi, JPMorgan Chase& Co., and Wells Fargo& Co..
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Despite mutibillion-dollar settlements, state and federal regulators are making slow progress in their efforts to prod banks to help mortgage borrowers avoid foreclosure.
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WASHINGTON-- Output at U.S. factories, mines and utilities likely rebounded in May but not enough to signal a manufacturing resurgence. The Federal Reserve will release the May industrial production report at 9:15 a.m. EDT Friday. Economists at JPMorgan Chase predict flat factory production in May after seeing a batch of disappointing data.
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Activists plan a show of "civil disobedience" in London's Canary Wharf on Friday to protest against capitalism.
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NEW YORK-- Natural gas and oil company Antero Resources Corp. filed for an initial public offering worth up to $1 billion. Antero said its properties are located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania.
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Bank of America Corp. rose$. 15 or 1.1 percent, to $13.21. Citigroup Inc. rose$. 85 or 1.7 percent, to $50.29. Goldman Sachs rose $3.96 or 2.4 percent, to $165.82.
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Bank of America Corp. rose$. 11 or. 8 percent, to $13.17. Citigroup Inc. rose$. 20 or. 4 percent, to $49.64. Goldman Sachs rose $2.81 or 1.7 percent, to $164.67.
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The company gets most of its revenue from perfume brands including Calvin Klein, Davidoff and Playboy as well as those it sells under the names of celebrities such as Beyonce Knowles, Lady Gaga and Jennifer Lopez. Coty's shares, which were priced at $17.50 on Wednesday, fell as much as 3.4 percent to $16.90 in morning trading on the New York Stock Exchange.
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NEW YORK, June 13- John Hogan, who became chief risk officer of JPMorgan Chase& Co as the company was just beginning to lose billions of dollars on its London Whale derivatives trades last year, may leave the company, CEO Jamie Dimon said on Thursday.
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MOSCOW, June 13- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and Russia's VTB Capital, has selected banks for a possible initial public offering next year, two sources familiar with the situation said. The banks chosen are JP Morgan Chase& Co, Credit Suisse, UBS, Deutsche Bank and VTB, the sources said.
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NEW YORK, June 13- John Hogan, who became chief risk officer of JPMorgan Chase& Co as the company was just beginning to lose billions of dollars on its London Whale derivatives trades last year, may leave the company, CEO Jamie Dimon said on Thursday.
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WASHINGTON, June 13- U.S. retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, showing signs of resilience in the economy despite belt-tightening in Washington. "
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Bank of America Corp. rose$. 03 or. 2 percent, to $13.09. Citigroup Inc. rose$. 28 or. 6 percent, to $49.72. Goldman Sachs rose$. 81 or. 5 percent, to $162.67.
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Efforts to make the global financial system safer could be making Asia more vulnerable to credit shocks, leaving bond traders worried that a sharp sell-off could turn into a rout.
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Bank of America Corp. fell$. 06 or. 5 percent, to $13.06. Citigroup Inc. fell$. 51 or 1.0 percent, to $49.44. Goldman Sachs fell $1.45 or. 9 percent, to $161.86.
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JPMorgan Chase last Friday announced a nationwide round of job cuts in its mortgage servicing unit that would eliminate roughly 1,800 jobs, CNBC has learned.
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Attorney Paul Fishman said the conspiring hackers gained unauthorized access to computer networks, diverted customer funds to bank accounts and pre-paid debit cards and used "cashers" to make ATM withdrawals and fraudulent purchases in Georgia, Illinois, Massachusetts, New York and elsewhere.
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NEW YORK-- The strength of JPMorgan Chase's operating results should continue to help shrink lingering regulatory risks facing the nation's biggest bank, an analyst said Wednesday.
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