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JPMorgan Chase and Co

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  • NEW YORK/ BOSTON, March 26- At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential candidates to replace embattled CEO Gerald Hassell, two people familiar with the matter told Reuters. The overture to Fleming does not appear to represent an official search effort by BNY Mellon's...

  • March 26- Private equity firm Platinum Equity LLC is in advanced talks to buy PrimeSource Building Products Inc, the largest distributor of screws and nails in the United States, from Itochu Corp, according to people familiar with the matter. Reuters reported in November that Itochu, a Japanese trading house, had hired investment bank JPMorgan Chase& Co in an...

  • NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said metals purchasers may pursue claims against affiliates of Goldman Sachs Group Inc, JPMorgan Chase&...

  • Final Glance: Banks companies Thursday, 26 Mar 2015 | 6:07 PM ET

    Bank of America Corp. rose$. 01 or. 1 percent, to $15.42. Citigroup Inc. fell$. 19 or. 4 percent, to $51.19. Goldman Sachs fell$. 11 or. 1 percent, to $187.24.

  • U.S. aluminum price-fixing lawsuit can go forward-judge Thursday, 26 Mar 2015 | 4:49 PM ET

    NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said aluminum purchasers may pursue claims against several defendants, including affiliates of...

  • This is the cure for financial stocks, expert says Thursday, 26 Mar 2015 | 4:22 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Improvement in the economy and more lending will provide a noticeable boost for financials, a fund manager said.

  • NEW YORK, March 26- Wireless venture LightSquared on Thursday concluded three years of litigation with creditors, securing U.S. Bankruptcy Court approval of a plan to end its Chapter 11 case and repay in full its largest creditor, Dish Network Corp Chairman Charles Ergen. Under the plan greenlighted by Judge Shelley Chapman in U.S. Bankruptcy Court in New York,...

  • But a U.S. regulator cited the email as evidence that Nomura Holdings Inc and RBS made false statements about mortgage securities they sold to Fannie Mae and Freddie Mac. The FHFA's case is the first to reach trial out of 18 lawsuits the regulator filed in 2011 over some $200 billion in mortgage-backed securities that various banks sold Fannie Mae and Freddie...

  • Midday Glance: Banks companies Thursday, 26 Mar 2015 | 2:20 PM ET

    Bank of America Corp. rose$. 06 or. 4 percent, to $15.47. Citigroup Inc. fell$. 01 or percent, to $51.37. Goldman Sachs rose$. 15 or. 1 percent, to $187.50.

  • Early Glance: Banks companies Thursday, 26 Mar 2015 | 10:34 AM ET

    Bank of America Corp. fell$. 07 or. 5 percent, to $15.34. Citigroup Inc. fell$. 48 or. 9 percent, to $50.90. JPMorgan Chase fell$. 28 or. 5 percent, to $59.33.

  • *Oil up as Saudi Arabia launches military strikes on Yemen rebels. SYDNEY, March 26- Asian share markets were mostly lower on Thursday as tensions in the Middle East and losses on Wall Street soured sentiment, while the dollar's bull run looked to have stalled for the time being. A dearth of economic data in Asia meant the path of least resistance was lower and MSCI's...

  • *Asia under pressure as tech stocks drag on Wall St. *Oil up as Saudi Arabia launches military strikes on Yemen rebels. A dearth of economic data in Asia meant the path of least resistance was lower and MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 percent.

  • GLOBAL MARKETS-Asia shares slip as soft US data dims mood Wednesday, 25 Mar 2015 | 7:55 PM ET

    *Asia under pressure as tech stocks drag on Wall St. SYDNEY, March 26- Asian shares slipped on Thursday as losses on Wall Street and soft U.S. economic data soured sentiment, while the dollar's bull run looked to have stalled for the time being. A dearth of economic data in Asia meant the path of least resistance was lower and MSCI's broadest index of Asia-Pacific...

  • Final Glance: Banks companies Wednesday, 25 Mar 2015 | 6:03 PM ET

    Bank of America Corp. fell$. 20 or 1.3 percent, to $15.41. Citigroup Inc. fell$. 56 or 1.1 percent, to $51.38. Goldman Sachs fell $3.93 or 2.1 percent, to $187.35.

  • NEW YORK, March 25- A forecast model from the Federal Reserve of Atlanta on Wednesday suggested the U.S. economy is barely growing in the first quarter following an unexpectedly steep 1.4 percent drop in durable goods orders in February. "Following this morning's advance report on durable goods manufacturing from the U.S. Census Bureau, the nowcasts for real...

  • Midday Glance: Banks companies Wednesday, 25 Mar 2015 | 1:43 PM ET

    Bank of America Corp. fell$. 12 or. 8 percent, to $15.49. Citigroup Inc. fell$. 36 or. 7 percent, to $51.58. Goldman Sachs fell $3.36 or 1.8 percent, to $187.92.

  • Early Glance: Banks companies Wednesday, 25 Mar 2015 | 11:55 AM ET

    Citigroup Inc. fell$. 08 or. 2 percent, to $51.86. Goldman Sachs fell $1.18 or. 6 percent, to $190.10. JPMorgan Chase fell$. 03 or percent, to $60.43.

  • WASHINGTON, March 25- U.S. business investment spending plans fell for a sixth straight month in February, likely weighed down by a strong dollar and weak global demand, leading economists to further lower their first-quarter growth estimates. The Commerce Department's durable goods report on Wednesday was the latest data to suggest economic growth braked...

  • Ukraine bondholders face haircuts and extensions Wednesday, 25 Mar 2015 | 9:50 AM ET

    But Ukraine, as the country's finance minister points out, lacks the wealthy, albeit grudging euro zone backers that Athens has, and its $40 billion bailout is modest compared with the 240 billion euro Greek rescue. Creditors are preparing for battle, not least Russia, which is locked in conflict with Ukraine and holds $3 billion worth of the bonds.

  • US durable goods orders stumbled in February Wednesday, 25 Mar 2015 | 8:31 AM ET

    But they blame temporary factors for the slowdown, including severe snowstorms and West Coast port disruptions, and have brighter hopes for the spring. The Commerce Department reported Wednesday that orders for durable goods dropped 1.4 percent in February, disappointing economists who were looking for a small increase. Michael Feroli, chief economist at...