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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: JPMorgan Chase

JPMorgan Chase stories: 159 news summaries

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Treasury Seeks Bankruptcy Financing for GM, Chrysler

Obama administration will not rule out Chapter 11 for ailing autos

Feb 23, 09 7:30 AM CST
(Newser) - Treasury advisers are working to line up $40 billion in financing for General Motors and Chrysler—5 times the size of any previous bankruptcy loan—just in case the two automakers need it, the Wall Street Journal reports. While efforts continue to restructure the companies by other means, the administration... More »

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Chrysler • Citigroup • bankruptcy • General Motors • auto industry • Chapter 11 • JPMorgan Chase • financial crisis

Banks Halt Foreclosures Ahead of Obama Plan

Citigroup, Bank of America, JP Morgan Chase suspend proceedings until next month

Feb 13, 09 4:04 PM CST
(Newser) - Major US banks agreed today to halt foreclosure proceedings against homeowners until the White House foreclosure prevention plan is in place, the Washington Post reports. Citigroup, JPMorgan Chase, and Bank of America will suspend foreclosures until early March, when the foreclosure plan is expected to be operational. President Obama is... More »

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Citigroup • Bank of America • foreclosure • JPMorgan Chase • Obama administration • banks • President Obama

I'd Rather Say I'm in Porn: Shunned Wall Streeter

Financial types feel they're unfairly 'vilified' in crisis

Feb 3, 09 9:31 AM CST
(Newser) - Working on Wall Street used to have glamor to it—but now, saying you work at JPMorgan or Goldman Sachs immediately establishes you as “one of them,” the New York Times reports. Wall Streeters are facing a new pariah status, and many believe they’re taking an unfair... More »

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Wall Street • Goldman Sachs • bank • anger • financial sector • financial institutions • bankers • JPMorgan Chase • society • financial crisis • blame

Bank Dumped Madoff Funds— but Didn't Tell
Its Clients

JPMorgan beat scam while investors lost out

Jan 29, 09 6:00 AM CST
(Newser) - JPMorgan Chase emerged from Bernie Madoff's Ponzi scheme unscathed, but some of the bank's clients weren't so lucky. For years the bank offered its clients derivatives that were ultimately linked to Madoff, and also put $250 million in those funds. But a joint investigation by the New York Times and... More »

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Ponzi scheme • JPMorgan Chase • Bernard Madoff • Fairfield Greenwich Group • Bernard L. Madoff Investment Securities • recession depression

 Jumbo Mortgage Defaults Soar 

Banks and investors brace for a new wave of defaults as jumbo loans default

Jan 28, 09 8:33 AM CST
(Newser) - Jumbo mortgages are now going south at an alarming rate, reports the Wall Street Journal, as affluent Americans face mounting layoffs and see their stock portfolios shrivel. Nearly 7% of prime jumbo loans—which average $750,000—were at least 90 days delinquent at the end of 2008, up from... More »

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foreclosure • mortgage delinquency • JPMorgan Chase • financial crisis • Jamie Dimon • jumbo mortgages

ANALYSIS

Pfizer Deal's $22.5B in Loans Hasn't Unlocked Credit

$22.5B loan in deal to acquire Wyeth comes at 7-9% interest, and lenders can walk

Jan 27, 09 9:11 AM CST
(Newser) - Think Pfizer’s $68 billion deal to buy Wyeth, financed in part with $22.5 billion in loans, means credit markets have thawed? Think again, the Wall Street Journal reports. Pfizer’s lenders—including JPMorgan, Bank of America, Goldman, and Citigroup—are charging high interest (7%-9%, with loans due in... More »

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Citigroup • Bank of America • Goldman Sachs • pharmaceutical companies • Pfizer • credit market • Wyeth • JPMorgan Chase • credit rating

 Pfizer Snaps Up Wyeth for $68B 

Merger would be largest pharma deal since GlaxoWellcome-SmithKline 2000 merger

Jan 26, 09 6:11 AM CST
(Newser) - The world’s largest drugmaker, Pfizer, is poised to become even more gargantuan after it agreed early this morning to buy rival Wyeth for $68 billion, reports the Wall Street Journal. In the first major merger to hit Wall Street in months, Pfizer will borrow $22.5 billion from... More »

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Citigroup • Bank of America • Goldman Sachs • pharmaceutical companies • mergers and acquisitions • merger • Pfizer • credit • Wyeth • pharmaceutical industry • JPMorgan Chase • financial crisis

Glossies

 Biotech Boom Finally Fizzles 

Riskiest sector hit by downturn

Jan 21, 09 7:00 AM CST
(Newser) - In the bullish market, biotechnology was flush with investment, even though one drug might take many as 15 years and as much as a billion dollars to produce—but those days are over for the riskiest technology sector. Portfolio reports that 45% of publicly traded biotech companies will run out... More »

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biotechnology • venture capital • investment • venture capitalists • JPMorgan Chase • economic downturn

MARKETS

 Dow Up 12 After Dip Below 8K 

Banks' continued troubles unnerve investors

Jan 15, 09 3:38 PM CST
(Newser) - Stocks finished just barely in positive territory today, MarketWatch reports. Nervousness about US banks’ continued need for government funds dropped the Dow below 8,000, but bargain-hunters pushed the index higher, and it closed at 8,212.49, up 12.35 points on the day. The Nasdaq rose 22.20,... More »

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

Spielberg Pays Bills for Ailing DreamWorks

Credit crunch forces director into personal bailout for studio

Jan 15, 09 10:51 AM CST
(Newser) - Perhaps for the first time, Steven Spielberg is using personal funds to pay half of a $26.5 million bill his company, DreamWorks, owes ex-partner Paramount so it can keep 17 film projects under its wing. Due to cash shortages, the studio has already lost the rights to as many... More »

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Hollywood • Steven Spielberg • recession • DreamWorks • credit crisis • Paramount • Hollywood producers • JPMorgan Chase • financing • financial crisis • Reliance

MARKET OPEN

 Banks Drive Stocks Down Early 

Investors see bad news everywhere in new data

Jan 15, 09 9:11 AM CST
(Newser) - Stocks dropped at the open today as a surprisingly good JPMorgan quarter struggled to offset other negative economic news, the Wall Street Journal reports. The Dow was off 108, despite Morgan's 4% surge, as Bank of America plummeted 15% after reports it would need more aid to close the Merrill... More »

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stock market • Steve Jobs • Bank of America • Apple • Merrill Lynch • Nasdaq • Dow • S&P 500 • JPMorgan Chase

 Banks Lining Up 
 for More Rescue Funds 

Experts are saying 2009 is looking like a tougher year for banks than 2008 was

Jan 15, 09 7:30 AM CST
(Newser) - US banks are poised to release a new round of losses in the coming weeks that show just how deeply submerged in red ink the industry still is—as this year begins to look worse for banks than last, the Washington Post reports. Pressure is mounting for more injections of... More »

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Citigroup • Bank of America • JPMorgan Chase • financial crisis • TARP

 Smarting, Credit Card 
 Companies Cut Rewards 

That airline ticket won't be so easily obtained in recession

Jan 13, 09 4:00 PM CST
(Newser) - Smarting from the sour economy, many credit-card companies are cutting back on rewards programs born out of 1980s excesses, USA Today reports. The cutbacks are akin to moves made by the airline industry last year as fuel prices skyrocketed. “You’re going to see more and more of the... More »

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recession • bank • American Express • credit card • Discover • JPMorgan Chase • financial crisis • rewards • rewards programs

MARKETS

 Dow Off 25 Amid Poor Earnings 

Dismal reports expected from Liz Claiborne, GE and Lexmark

Jan 13, 09 3:33 PM CST
(Newser) - Stocks ended mixed today as the earnings season got off to a poor start. Alcoa’s $1.2 billion loss after yesterday’s close set the stage for a fifth consecutive down day for the Dow, the Wall Street Journal reports, with the index off 25.41 to close at... More »

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Citigroup • Dow Jones • Alcoa • Liz Claiborne • Nasdaq • S&P 500 • JPMorgan Chase

Madoff Got $10M Investment Days Before Arrest: Suit

Funds were businessman's first Madoff deal

Jan 3, 09 9:21 AM CST
(Newser) - A New York businessman is suing to recover $10 million he handed over to Bernard Madoff 6 days before the alleged Ponzi schemer was arrested, the Wall Street Journal reports. Martin Rosenman wired the funds to a JP Morgan Chase account controlled by Madoff, who told the first-time investor that... More »

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fraud • New York • investment • Ponzi scheme • securities fraud • investor • JPMorgan Chase • Bernard Madoff • recession depression

Goldman Loses Top Spot in
M&A Rankings

JP Morgan uses financing advantage
to end 7-year reign

Dec 27, 08 3:05 PM CST
(Newser) - Ascendant JP Morgan Chase has knocked Goldman Sachs out of first place in the race for mergers and acquisitions, the Wall Street Journal reports. Dealogic, a merger data provider, says Goldman advised some 295 deals totaling $755.6 billion last year, as compared to JP Morgan’s 350 deals... More »

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Goldman Sachs • mergers and acquisitions • investment banks • JPMorgan Chase

 Bailed-Out Bank Execs 
 Made $1.6B Last Year 

Execs made average of $2.6 million; Merrill Lynch CEO made $83 million

Dec 21, 08 3:45 PM CST
(AP) - Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an AP analysis reveals. Benefits at bailed-out institutions like Goldman Sachs, Merrill Lynch, and JPMorgan Chase included cash bonuses, stock options, personal use of company jets and chauffeurs,... More »

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executive compensation • Goldman Sachs • Merrill Lynch • bonuses • John Thain • benefits • JPMorgan Chase • financial crisis • Wall Street bailout • TARP

MARKETS

 Dow Jumps 359 on Rate Cut 

Hopes that financials may soon be clear of bad debt also buoys sentiment

Dec 16, 08 3:23 PM CST
(Newser) - Stocks rallied today as investors cheered the Federal Reserve’s sharp federal funds rate cut and other policy measures designed to combat the economic crisis, the Wall Street Journal reports. The Dow rose 359.61 to close at 8,924.14. The Nasdaq climbed 81.55, closing at 1,589.... More »

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Ben Bernanke • Citigroup • Dow Jones • Nasdaq • interest rate • federal funds rate • S&P 500 • JPMorgan Chase • Genworth Financial

ANALYSIS

Feds Let Lehman Fail—Then Loaned It $138B Anyway

Paulson & Co. say cash was to 'facilitate orderly wind-down' of trades, but questions persist

Dec 16, 08 9:20 AM CST
(Newser) - After refusing to bail out Lehman Brothers, the Federal Reserve funneled $87 billion to a subsidiary through JPMorgan Chase on Sept. 15, then another $51 billion the next day. The feds say they aimed to “facilitate an orderly wind-down” of Lehman’s broker-dealer operations, Andrew Ross Sorkin writes in... More »

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Wall Street • Barclays • Henry Paulson • Lehman Brothers • bailout • JPMorgan Chase • financial crisis • Andrew Ross Sorkin

MARKETS

 Financials Push Dow Off 65 

US industrial output falls for November

Dec 15, 08 3:24 PM CST
(Newser) - Stocks lost value today as investors await tomorrow’s meeting of the Federal Reserve’s interest-rate committee, and digested various bits of bad news on financial firms and manufacturing, MarketWatch reports. The Dow fell 65.15 to 8,564.53. The Nasdaq lost 32.38, closing at 1,508.34,... More »

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Bank of America • Dow Jones • Nasdaq • manufacturing • S&P 500 • FOMC • JPMorgan Chase • financial crisis • Bernard Madoff

41 - 60 of 159 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>


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