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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: JPMorgan Chase

JPMorgan Chase stories: 159 news summaries

21 - 40 of 159 Stories | << Prev 1 2 3 4 5 6 ... 8 Next >>

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MARKETS

 Dow Jumps 164 in Jobs Rally 

Investors find hope in stress tests and unemployment results

May 8, 09 3:29 PM CDT
(Newser) - Stocks rallied today on the unemployment report and stress-test results, the Wall Street Journal reports. Though unemployment continues to grow, the slowing pace of joblessness fueled a cautious optimism. American Express and JP Morgan Chase, who “passed” the government’s test, both gained 9%. The Dow closed up 164.... More »

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Dow Jones • American Express • unemployment • Nasdaq • S&P 500 • JPMorgan Chase

 Stress-Tested Banks 
 Need Just $100B 

Investors find causes for optimism in capitalization news

May 7, 09 7:25 AM CDT
(Newser) - Leaked results of the stress tests on America's biggest banks separate sufficiently capitalized banks—including JPMorgan Chase, MetLife, AmEx, and Goldman Sachs—from underfunded ones such as BofA, Wells Fargo, and Citi. Bank shares rose sharply yesterday and today, and some investors said the results were better than they feared.... More »

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Ben Bernanke • Goldman Sachs • Federal Reserve • recession • bank • Treasury Department • JPMorgan Chase • banks • Timothy Geithner • TARP • MetLife • stress tests

MARKETS

 Banks Spur Gains; Dow Up 102 

Some institutions gain despite poor stress test results

May 6, 09 3:08 PM CDT
(Newser) - Stocks were up today as investors digested the stress tests results, the Wall Street Journal reports. Regions Financial and Bank of America were higher, despite results that say they will need additional capital. JP Morgan Chase, which can meet its capital needs, also gained. The Dow gained 101.63 to... More »

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Dow Jones • Nasdaq • Walt Disney • S&P 500 • JPMorgan Chase • stress tests

Top Subprime Lenders Owned by Bailout Banks

Analysis of gov't data reveals sources of the economic meltdown

May 6, 09 9:28 AM CDT
(Newser) - Some 21 of the top 25 subprime lenders that triggered the global economic collapse were either owned or financed by banks that ended up needing bailouts, an analysis by the Center for Public Integrity finds. Among the backers, who make huge profits on the subprime business, were Lehman Brothers, Merrill... More »

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Citigroup • subprime mortgages • Wells Fargo • AIG • mortgage loans • GMAC • investment banks • JPMorgan Chase • subprime lender • banks • financial crisis • TARP

 At NY Fed, 
 Geithner Got Cozy 
 With Wall Street  

Geithner's cozy history with the high finance club draws critics' ire

Apr 27, 09 9:10 AM CDT
(Newser) - While some feel Treasury Secretary Timothy Geithner has been an aggressive steward of the public trust, some critics point to his days as New York Fed president as proof he’s too cozy with the very banks that crippled the financial system. The New York Times investigates his tenure there,... More »

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Citigroup • Goldman Sachs • Morgan Stanley • BlackRock • JPMorgan Chase • Treasury secretary • financial crisis • Timothy Geithner • New York Federal Reserve Bank

 Treasury Ups Offer 
 to Chrysler Lenders 

Treasury blinks in standoff that will determine auto maker's future

Apr 23, 09 1:58 AM CDT
(Newser) - The Treasury Department is offering banks holding Chrysler's debt a better deal in the latest round of the back-and-forth over the automaker's future, the Wall Street Journal reports. The counter offer—still way short of what the banks seek—proposes to give lenders 22% of the $6.9 billion Chrysler... More »

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Chrysler • Citigroup • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

Banks, Treasury Play
Chicken on Chrysler Deal

Alternate headline: Banks, Treasury Play Chicken on Chrysler Deal

Apr 22, 09 7:46 AM CDT
(Newser) - A group of big banks balked at the Treasury’s proposal that they slash 85% of Chrysler’s debt, the government’s second such request. Instead, in what the Wall Street Journal calls a “significant act of brinkmanship” as an April 30 deadline looms, the banks, including bailout... More »

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Chrysler • Citigroup • bankruptcy • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

Geithner Puts Brakes on Bank Repayments

Treasury sec reluctant to free Goldman, others from constraints

Apr 21, 09 8:01 AM CDT
(Newser) - Tim Geithner is warning Wall Street that he will consider more than banks' individual financial fitness when deciding whether they can pay back bailout funds—and escape from the strings attached to them. In an interview with the Wall Street Journal, the Treasury secretary says that the whole banking system,... More »

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Goldman Sachs • Treasury Department • JPMorgan Chase • Obama administration • Treasury secretary • financial crisis • Wall Street bailout • Timothy Geithner • Obama Cabinet

MARKETS

 Banks Push Dow Down 290, 
 Below 8,000 

Dow falls 289 on financial uncertainty

Apr 20, 09 3:25 PM CDT
(Newser) - Stocks saw deep declines today as uneasiness over banking spilled into the broader market, the Wall Street Journal reports. Bank of America slid 22% on word of growing losses in its credit-card unit. Goldman Sachs, Citigroup and JPMorgan Chase also fell on reports of a Treasury move that may dilute... More »

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Citigroup • Bank of America • Goldman Sachs • Dow Jones • Nasdaq • S&P 500 • JPMorgan Chase

Bailed-Out Banks Don't
Want to Bail Out Chrysler

Lawmakers say rescued banks should cooperate in auto rescue plan

Apr 17, 09 7:44 AM CDT
(Newser) - Auto task force Steven Rattner's request that four big banks write off their $7 billion debt to Chrysler in return for nothing met with a big no from dropped jaws, reports the Washington Post. JPMorgan Chase, Morgan Stanley, Citigroup, and Goldman Sachs are seeking a better deal, but critics argue... More »

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Chrysler • Citigroup • Goldman Sachs • Morgan Stanley • auto industry • bailout • JPMorgan Chase • Wall Street bailout • auto bailout • Steven Rattner

Citing Too-Low Prices, Banks Won't Sell Toxic Assets 

Stress test an Obama weapon

Apr 16, 09 11:37 AM CDT
(Newser) - Banks are proving so reluctant to part with their so-called “toxic assets” that the Obama administration may have to strong-arm them into doing so, Time reports. Banks are protesting that the prices being offered—about $70 per $100 bond by the magazine’s calculations—are too low. That’s... More »

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Goldman Sachs • Treasury Department • JPMorgan Chase • Obama administration • banking industry • financial crisis • Timothy Geithner • toxic assets • stress tests

JPMorgan Chief: I Could Repay TARP Tomorrow

Dimon calls bailout money a 'scarlet letter'

Apr 16, 09 10:40 AM CDT
(Newser) - JPMorgan Chase can’t wait to pay back the government’s bailout money, CEO Jamie Dimon said today, after the company posted a better-than-expected $2.1 billion in earnings. The CEO called the funds a “scarlet letter,” Bloomberg reports, and said he was just waiting for the Treasury’... More »

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JPMorgan Chase • Troubled Asset Relief Program • Wall Street bailout • Jamie Dimon • TARP • Public-Private Investment Program • PPIP

MARKET Open

 JPMorgan, Nokia Lift Stocks 


Apr 16, 09 8:47 AM CDT
(Newser) - Stocks were modestly higher at the open today, after JPMorgan topped estimates in the first quarter and Nokia met them. The Dow inched up 31 points, while the Nasdaq and S&P rose 16.9 and 4.08 points, respectively. JPMorgan added 1.7%, while Nokia rose 12%. Traders were... More »

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stock market • Dow Jones • Nokia • Nasdaq • Rosetta Stone • S&P 500 • JPMorgan Chase

 JPMorgan Posts 
 Better-Than-Expected 
 $2.1B Profit 

Or
JPMorgan Posts $2.1B Profits,
Beats Expectations

Apr 16, 09 8:27 AM CDT
(AP) - JPMorgan Chase earned $2.14 billion in the first quarter, it said today, thanks to a boost in trading activity and deposits. The profit was 10% lower than last year, but better than expected, boosting hopes for a turnaround. Like other banks, JPMorgan is still seeing loan defaults increase—credit... More »

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profits • revenue • JPMorgan Chase • first quarter earnings

(Newser) - Banks who have taken TARP funds from the government are getting creative about the immigration restrictions that come with the bailout, the Wall Street Journal reports. Financial institutions relying on government assistance cannot hire foreign workers unless they prove that they have exhausted the supply of native talent. So... More »

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Goldman Sachs • foreign labor • Citibank • employment recruiting • investment banks • JPMorgan Chase • Wall Street bailout • TARP • overseas

MARKET Open

 Stocks Slide Ahead of Earnings 


Apr 6, 09 8:57 AM CDT
(Newser) - Stocks turned south this morning, as a series of downgrades and bad news for the Sun/IBM deal spooked investors ahead of earnings season, the Wall Street Journal reports. The Dow dropped 92, the S&P 12. Financials sank after a veteran analyst downgraded 11 major US banks. The Nasdaq fell... More »

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stock market • Citigroup • Bank of America • Dow Jones • IBM • Sun Microsystems • Nasdaq • S&P 500 • JPMorgan Chase

MARKETS

 Dow Down 148, Up for Week 

Indices manage to hold on to weekly gains despite Friday dip

Mar 27, 09 3:22 PM CDT
(Newser) - Stocks fell today, though not enough to offset broad-based weekly gains, the Wall Street Journal reports. Financials dropped, in part due to comments by JP Morgan Chase CEO James Dimon, who said the bank had more trouble in March than in the first 2 months of the year. JP Morgan... More »

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Citigroup • Dow Jones • Nasdaq • S&P 500 • JPMorgan Chase • financial stocks

 JPMorgan Spending $138M 
 to Update Swank Jet Fleet 

Two Gulfstreams and a new hangar are slated for purchase

Mar 23, 09 9:14 AM CDT
(Newser) - JPMorgan Chase, recipient of $25 billion in taxpayer money, is about to be the proud owner of two new luxury private jets and a lavishly renovated Westchester County airport hangar, complete with roof garden, ABC News reports. The $138 million purchase, described as “completely tone deaf” by one watchdog,... More »

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Westchester • luxury • private jet • JPMorgan Chase • Gulfstream • TARP

MARKETS

 Dow Surges 379, 
 Biggest Gain of Year 

Citigroup leads financials after announcing profitable January and February

Mar 10, 09 3:25 PM CDT
(Newser) - Stocks rallied today as financials jumped on news of Citigroup’s profitable January and February, the Financial Times reports. Investors also were cheered by talk of reform from Ben Bernanke—who said the recession could end next year if all goes well—and Barney Frank. Citi, Bank of America, and... More »

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Citigroup • Bank of America • Dow Jones • Nasdaq • S&P 500 • JPMorgan Chase

MARKET Open

 Stocks Limp Higher 


Feb 24, 09 8:46 AM CST
(Newser) - Stocks inched higher at the open today, after a punishing session yesterday that left them at their lowest closing level since 1997. The Dow rose 40 points, while the Nasdaq and S&P each gained 0.7%. Financials are still the focus, with AIG shares tumbling 23% on reports it... More »

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stock market • JPMorgan Chase

21 - 40 of 159 Stories | << Prev 1 2 3 4 5 6 ... 8 Next >>


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