Jpmorgan Chase

Showing of 41 - 60 from 51 results
Jpmorgan Chase - Total results - 51
Fitch cuts JP Morgan's rating, says $2 bn loss manageable
Business

Fitch cuts JP Morgan's rating, says $2 bn loss manageable

The loss raises questions regarding JPM's risk appetite, risk management framework, practices and oversight; all key credit factors, Fitch said in a statement.

Unbelievable! JP Morgan suffers $2bn trading loss from failed hedging
Business

Unbelievable! JP Morgan suffers $2bn trading loss from failed hedging

A flawed, complex, poorly reviewed, poorly executed and poorly monitoredderivatives trading strategy has cost JPMorgan Chase $2 billion in the past six weeks and the bank could face an additional $1 billion of losses in the second-quarter.

Citi fails US Fed's stress test for banks
Business

Citi fails US Fed's stress test for banks

The regulator said Citigroup, Ally Financial and SunTrust fared worst under the hypothetical shock, with Tier 1 common capital ratios of 4.9 percent, 4.4 percent, and 4.8 percent respectively.

Wall Street soars as central banks seek to ease crunch
Investing

Wall Street soars as central banks seek to ease crunch

US stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.

S&P downgrades top US banks, financial stocks hit
Economy

S&P downgrades top US banks, financial stocks hit

However, two China banks- Bank of China and China Construction Bank were upgraded by Standard & Poor's after the ratings firm revised its criteria.

Deustche Bank Q3 results beat analyst expectations
Economy

Deustche Bank Q3 results beat analyst expectations

Deutsche Bank's third-quarter pretax profit beat analyst expectations as retail banking and asset management helped offset investment banking profits stunted as the euro zone crisis hurt client activity.

Will Wall Street fears have a snowball effect on the luxury market?
World

Will Wall Street fears have a snowball effect on the luxury market?

Threat of compensation slashes and layoffs might spell shorter lines at luxury shops like Saks Fifth Avenue and will make the finance industry think twice before plunking down $200,000 to reserve a three-month summer rental for 2012.

Wall Street banks talking major pay cuts as profits drop
World

Wall Street banks talking major pay cuts as profits drop

Goldman Sachs Group's bonuses are set to drop at least 20 percent this year and experts warn plunging revenue could push pay for the year even lower.

Moody's downgrades BoA, Citi on changed US policy
World

Moody's downgrades BoA, Citi on changed US policy

Moody's Investors Service lowered debt ratings for Bank of America Corp, Citigroup Inc and Wells Fargo & Co on Wednesday, saying the US government is getting less comfortable with bailing out large troubled lenders.

JPMorgan, Piramal in talks to buy Future Capital
Business

JPMorgan, Piramal in talks to buy Future Capital

uture Group is in talks with a clutch of potential buyers including JPMorgan and Kohlberg Kravis Roberts and Co to sell its financial services arm, Future Capital Holdings.

Emotron buy gives Crompton Greaves a big spark
Investing

Emotron buy gives Crompton Greaves a big spark

Emotron's Variable Frequency Drive may prove decisive over the long term. Its enviable client list and deep domain knowledge can give others a run for their money.