Jpmorgan Chase

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Jpmorgan Chase - Total results - 51
JPMorgan to cut 4,000 jobs, many in consumer bank
Business

JPMorgan to cut 4,000 jobs, many in consumer bank

The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank spokeswoman said.

Banks Fend Off Attacks Designed To Disrupt Online Banking Access
Biztech

Banks Fend Off Attacks Designed To Disrupt Online Banking Access

Bank of America Corp, JPMorgan Chase & Co and U.S. Bancorp and other major U.S. banks seem to have stopped a group of hacker activists from seriously disrupting their online banking operations.

US banks hit by more than a week of cyberattacks
News & Analysis

US banks hit by more than a week of cyberattacks

U.S. banks have been buffeted by more than a week of powerful cyberattacks, but the mystery surrounding ...

JP Morgan's trading losses may more than double estimates
Business

JP Morgan's trading losses may more than double estimates

Losses from JPMorgan's derivative trading is expected to amount to $4 billion to $6 billion which is higher than the estimated $2 billion. The company is still confident of posting "solid profits".

Banks plan 'living wills' to prepare for bankruptcy
World

Banks plan 'living wills' to prepare for bankruptcy

Five of the biggest US banks including JPMorgan Chase, Bank of America Corp , Citigroup Inc , Goldman Sachs are planning their 'living wills' a contingency plan in case of bankruptcy.

Why US banking giant Wells Fargo is creating back-office jobs in India
World

Why US banking giant Wells Fargo is creating back-office jobs in India

According to analysts, outsourcing of work to countries like India and the Philippines is a fait accompli in customer service, direct marketing, clinical research and information technology.

JPMorgan was honest with shareholders: Jamie Dimon
Business

JPMorgan was honest with shareholders: Jamie Dimon

JPMorgan Chase's head Jamie Dimon said that the bank informed its investors about the losses when it was incurred. While he apologised for the losses, he did not claim responsibility.

How JP Morgan's debt risks harm US blue-chips
Business

How JP Morgan's debt risks harm US blue-chips

JP Morgan Chase's credit default swaps on corporate debt may have caused unexpected collateral damagethe financial health of blue-chip U.S. companies such as McDonalds and railroad operator CSX.

Linking of bonuses to co performance challenge for banks
Business

Linking of bonuses to co performance challenge for banks

Post the 2007-2009 economic crisis believed to have led by banks, the G20 approved a principle which dissuades banks from giving bonuses to excessive risk-takers. A new study finds that banks are failing to comply with this.

JPMorgan CEO to testify on $2 bn trading loss
Business

JPMorgan CEO to testify on $2 bn trading loss

Jamie Dimon, chief executive of JPMorgan, plans to tell the panel that JPMorgan has taken steps to prevent such losses from occurring again, according to his prepared testimony issued by the bank.

How the SEC could pursue a case against JPMorgan
Business

How the SEC could pursue a case against JPMorgan

The US Securities and Exchange commission will probe global bank, JPMorgan and Chase for not disclosing the change it made in their risk measurement parameter which is connected to the multi billion dollar losses the bank incurred.

Fed regulator: JPMorgan changed risk strategy in 2011
Investing

Fed regulator: JPMorgan changed risk strategy in 2011

Starting late last year, JPMorgan Chase & Co reduced the amount of hedging it was doing to contain potential losses, according to a top federal regulator.

JPMorgan sells profitable securities to offset  'London Whale' losses
Business

JPMorgan sells profitable securities to offset 'London Whale' losses

The Bank sold profitable securities to offset losses to avoid a hit in the second quarter earnings. But experts believe that they made a stupid mistake by taking risks with derivatives they did not understand.

JP Morgan shores up China presence, pumps in $400 mn
Business

JP Morgan shores up China presence, pumps in $400 mn

Foreign banks, including HSBC and Singapore's DBS Group, have either injected or are planning to pump in capital into their China units which are expected to grow rapidly over the coming years

How Morgan Stanley scared investors just before Facebook IPO
Investing

How Morgan Stanley scared investors just before Facebook IPO

In the run-up to Facebook's $16 billion IPO, Morgan Stanley , the lead underwriter, unexpectedly delivered some negative news to major clients.The bank's consumer Internet analyst reduced revenue forecasts for the company.

Will FBI probe in JP Morgan strengthen case for reform?
Business

Will FBI probe in JP Morgan strengthen case for reform?

Though investors mostly gave Dimon a pass, pressure mounted on the bank to reclaim some of the millions of dollars it paid to the executives who oversaw the trades.

JPMorgan's $2 bn loss: Fed regulators caught sleeping?
Business

JPMorgan's $2 bn loss: Fed regulators caught sleeping?

JPMorgan's $2 billion-plus trading loss raises serious questions about whether the regulators were asleep at the wheel or whether it is too much to expect them to keep up with the financial engineering conducted by complex institutions with diverse, global operations.

Heads to roll at JP Morgan after $2 bn trading fiasco
Business

Heads to roll at JP Morgan after $2 bn trading fiasco

Three high-ranking executives at the bank are to leave their jobs this week, the Wall Street Journal reports. The bank's losses could potentially rise to $4 billion.

JP Morgan loss: shares, credit, image, all go down
Business

JP Morgan loss: shares, credit, image, all go down

The loss embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss.

What JP Morgan's loss means for Dimon and 'big' banks
Business

What JP Morgan's loss means for Dimon and 'big' banks

For a bank lauded for navigating the fallout from the 2008 financial crisis without reporting a loss, the errors are embarrassing, given Dimon's criticism of the Volcker rule to ban proprietary trading by big banks.