| Source: The Associated Press
JPMorgan Chase & Co. says the Securities and Exchange Commission may bring civil charges against the bank related to the bidding of instruments tied to municipal bonds.
A week packed with economic data, retail earnings and plenty of Fedspeak could finally give the stock market something it desperately needs: Stability.
| Source: The Associated Press
Shares of investment banks fell Tuesday morning as Federal Reserve Chairman said the credit crisis is "still far from over," though he did say turmoil has begun to wane.
U.S. Federal Reserve Chairman Ben Bernanke said the credit crisis is not over, even as his colleagues revealed growing concerns about inflation that could signal a pause in interest rate cuts.
| Source: CNBC staff and wire reports
JPMorgan, acquiring rival investment bank
Bear Stearns amid one of the worst market slumps ever, so far has extended jobs to about 6,000 out of Bear's nearly 14,000 employees, a person familiar with the situation said on Monday.
Monday, 12 May 2008 | Source: Reuters
JPMorgan Chase & Co <JPM.N> said on
Monday that it received a notice from federal regulators
indicating that one of its units may face an enforcement action
related to "the bidding of various financial instruments
associated with municipal securities."
Monday, 12 May 2008 | Source: Reuters
NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> said on
Monday that it received a notice from federal regulators
indicating that one of its units may face an enforcement action
related to "the bidding of various financial instruments
associated with municipal securities."
Monday, 12 May 2008 | Source: The Associated Press
JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning.
Monday, 12 May 2008 | Source: Reuters
JPMorgan Chase & Co <JPM.N> Chairman
and Chief Executive Jamie Dimon on Monday told bank investors
that while the current credit market crunch may soon be over,
the U.S. economy could still face a deep and extended
recession.
Monday, 12 May 2008 | Source: Reuters
By Joseph A. Giannone
Friday, 9 May 2008 | Source: The Associated Press
Shares of national banks mostly rose Friday, though Citigroup Inc. shares slipped after the company disclosed that it plans to shed nearly $500 billion in assets.
Thursday, 8 May 2008 | Source: The Associated Press
Shares of investment banks fell Thursday as Bear Stearns Cos. said it could face bankruptcy if shareholders do not approve a sale of the company in a vote May 29.
Thursday, 8 May 2008 | Source: Reuters
Bear Stearns Cos Inc <BSC.N> disclosed
on Thursday that some shareholders want a federal judge to
block the troubled investment bank's impending takeover by
JPMorgan Chase & Co <JPM.N>.
Thursday, 8 May 2008 | Source: Reuters
NEW YORK (Reuters) - Bear Stearns Cos Inc <BSC.N> disclosed
on Thursday that some shareholders want a federal judge to
block the troubled investment bank's impending takeover by
JPMorgan Chase & Co <JPM.N>.
Thursday, 8 May 2008 | Source: The Associated Press
Bear Stearns Cos. shareholders are scheduled to vote on the proposed acquisition of the investment bank by JPMorgan Chase & Co. on May 29, according to a regulatory filing.