JPMorgan profit beats estimates on lower costs, provisions

Last Updated: Tuesday, January 14, 2014, 20:12

JPMorgan Chase & Co reported a better-than-expected adjusted quarterly profit as the biggest US bank kept a lid on costs and set aside less money to cover bad loans.

Wall St Week Ahead: For stocks, earnings take center stage

Last Updated: Saturday, January 11, 2014, 06:44

After the S&P 500`s impressive 30 percent return in 2013, Wall Street will get a better picture of reality next week as the pace of companies reporting earnings picks up.

JPMorgan Chase plans to exit prepaid card business

Last Updated: Thursday, January 9, 2014, 23:17

JPMorgan Chase & Co plans to sell or wind down its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits, the company said on Thursday.

JPMorgan to pay over $2 billion to settle Madoff case

Last Updated: Wednesday, January 8, 2014, 00:46

JPMorgan Chase & Co will pay more than USD 2 billion of penalties to settle charges by U.S. federal authorities that it failed to report suspicious activity involving Bernard Madoff`s Ponzi scheme.

JPMorgan warns 465,000 card users on data loss after cyber attack

Last Updated: Thursday, December 5, 2013, 12:51

The cards were issued for corporations to pay employees and for government agencies to issue tax refunds, unemployment compensation and other benefits.

EU fines 6 major banks $2.3 bn for rate-rigging

Last Updated: Wednesday, December 4, 2013, 18:32

The European Union imposed a record 1.7 billion euros (USD 2.3 billion) in fines on six institutions on Wednesday for rigging key interest rates that affect vast sums of money around the world.

US expands China hiring probe to Morgan Stanley: Report

Last Updated: Wednesday, November 27, 2013, 10:51

The US Justice Department is probing Morgan Stanley for its hiring practices in China, according to a person familiar with the matter.

JPMorgan $13 bn mortgage settlement expected Tuesday

Last Updated: Tuesday, November 19, 2013, 23:27

JPMorgan Chase & Co is expected to sign a USD 13 billion agreement with the US government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said.

JPMorgan Chase to pay $4.5 billion in mortgage security deal

Last Updated: Saturday, November 16, 2013, 09:03

JPMorgan Chase & Co said on Friday it has agreed to pay USD 4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.

'JP Morgan under probe for ties with firm run by Wen's daughter’

Last Updated: Thursday, November 14, 2013, 22:08

US banking giant JP Morgan Chase' association with a small-time consulting firm in China run by the only daughter of former premier Wen Jiabao is being scrutinised by authorities here as part of a wider bribery probe, a media report has said.

‘JPMorgan employed daughter of Wen when he was Chinese PM’

Last Updated: Thursday, November 14, 2013, 21:10

US bank JPMorgan Chase employed a daughter of Wen Jiabao as a consultant when he was prime minister of China, The New York Times reported Thursday.

Global forex probe ensnares banks like Barclays, HSBC, JP Morgan and others

Last Updated: Sunday, November 10, 2013, 14:40

At least a dozen large banks from the US and Europe have come under scanner in a global regulatory probe into suspected manipulations in forex markets, with some of them being investigated for possible manoeuvring in over USD 50-billion a day rupee trade market.