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JPMorgan Chase and Co

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  • "We are conducting a careful and thorough assessment of the costs and benefits of financial holding company engagement in these activities," Fed Governor Daniel Tarullo said in prepared remarks ahead of a Senate subcommittee hearing on the issue of banks' involvement with physical commodities. Goldman Sachs Group Inc, Morgan Stanley and J.P. Morgan built huge...

  • ECB drops Citi from FX contact group Friday, 21 Nov 2014 | 9:46 AM ET

    FRANKFURT, Nov 21- The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency market. A spokesman for Citi in London declined to comment. Citi's fines last week totaled $1.018 billion, made up of $358...

  • Alibaba wows market with $8B debut dollar bond Thursday, 20 Nov 2014 | 11:59 PM ET

    Alibaba wowed the markets Thursday with its ground-breaking US$8 billion debut dollar bond.

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • Final Glance: Banks companies Thursday, 20 Nov 2014 | 6:02 PM ET

    Bank of America Corp. fell$. 06 or. 4 percent, to $17.00. Citigroup Inc. fell$. 14 or. 3 percent, to $53.52. Goldman Sachs rose$. 56 or. 3 percent, to $189.75.

  • FOREX-Dollar takes a breather, upbeat data underpins Thursday, 20 Nov 2014 | 5:45 PM ET

    SYDNEY, Nov 21- The U.S. dollar paused for breath on Friday as its recent rapid ascent on the yen attracted profit taking, though the market mood remains bullish on the currency given the outperformance of the U.S. economy. Having climbed almost 10 yen since the Bank of Japan sprang its surprise easing in late October, the dollar was overdue some consolidation if not...

  • Alibaba wows market with US$8bn debut dollar bond Thursday, 20 Nov 2014 | 5:14 PM ET

    NEW YORK, Nov 20- Alibaba wowed the markets Thursday with its ground-breaking US $8 bn debut dollar bond, pricing it at levels in line with and even tighter than some of the world's best-known companies. Alibaba priced US $1 bn 1.625% three-year fixed-rate notes at T +70 bp; a US $300 m three-year floater at 3 mL +52 bp; US $2.25 bn of 2.5% fives at T +95 bp; US $1.5 bn of...

  • Europe closes down after PMI miss, Sanofi struggles Thursday, 20 Nov 2014 | 4:30 PM ET

    European shares closed lower on Thursday as investors reacted to worse-than-expected data from the euro zone.

  • Most US unemployed don't get benefits: Here's why Thursday, 20 Nov 2014 | 4:05 PM ET

    WASHINGTON— Even though the U.S. job market is gaining strength, there are still a lot of unemployed Americans. Yet only a fraction of them are actually receiving jobless benefits. "We cut back on the safety net really sharply when the labor market is still damaged," said Josh Bivens, director of research at the Economic Policy Institute, a liberal think tank.

  • Dow, S&P close at records; Intel up 4% Thursday, 20 Nov 2014 | 4:00 PM ET
    Traders on the floor of the New York Stock Exchange.

    U.S. stocks closed at highs after encouraging domestic data alleviated concerns over continued signs of slowing growth in Europe and China.

  • Midday Glance: Banks companies Thursday, 20 Nov 2014 | 2:49 PM ET

    Bank of America Corp. fell$. 08 or. 5 percent, to $16.98. Citigroup Inc. fell$. 39 or. 7 percent, to $53.27. Goldman Sachs fell$. 18 or. 1 percent, to $189.02.

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • WASHINGTON, Nov 20- Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve. The Labor Department said on Thursday its so-called core Consumer Price Index, which excludes food and energy, increased 0.2 percent,...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • Early Glance: Banks companies Thursday, 20 Nov 2014 | 10:29 AM ET

    Bank of America Corp. fell$. 09 or. 5 percent, to $16.97. Citigroup Inc. fell$. 40 or. 7 percent, to $53.26. US Bank fell$. 12 or. 3 percent, to $43.77.

  • Role of 3 big banks in commodities risky: Report Thursday, 20 Nov 2014 | 7:44 AM ET

    Three big banks that have owned commodities exposed themselves to risk and in some cases manipulated prices, a Senate investigation has found.

  • Consumer inflation: Wild card for markets? Thursday, 20 Nov 2014 | 5:59 AM ET
    Traders on the floor of the New York Stock Exchange.

    Traders will hone in on consumer inflation Thursday, a report that will likely show a decline because of falling gasoline prices.

  • Alibaba will sell debut bond on Thursday Thursday, 20 Nov 2014 | 1:13 AM ET
    An employee walks past the Alibaba logo during a media tour organized by government officials at the company’s headquarters outside of Hangzhou, Zhejiang province, China.

    Chinese e-commerce giant Alibaba will sell its first-ever bond on Thursday, a jumbo trade expected to be around US$8 billion in size.

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc will rebut on Thursday allegations made by a powerful Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley which will also address the panel have both made major moves to get...

  • Nov 19- JetBlue Airways Corp announced new checked baggage fees on Wednesday and plans to stuff more seats into its aircraft, prompting praise from Wall Street, but a chorus of criticism from consumers. They had widely expected changes at JetBlue once it was announced two months ago that president Robin Hayes would take over as chief executive in February.