JPMorgan Chase & Co.

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  • Dec. 10, 2010, 11:15 AM

    JPMorgan Chase (JPM) is working to force Las Vegas' $1.55B South Edge development project into bankruptcy, alleging that builders KB Home (KBH), Beazer (BZH) and Toll Brothers (TOL) and other investors employed a "hostage-ransom" strategy - in refusing to put a promised $270M into the project as part of avoiding liability for a $585M loan.

    | Dec. 10, 2010, 11:15 AM
  • Dec. 7, 2010, 7:39 AM
    It turns out the mystery buyer of more than $1B of copper is JPMorgan (JPM). Though the revelation has alleviated some concerns that a single trader was trying to corner the market, investors are still worried about an impending supply shortage. Copper futures +2.5%.
    | Dec. 7, 2010, 7:39 AM | 2 Comments
  • Dec. 6, 2010, 11:58 AM
    Felix Salmon offers a rebuttal of Roger Lowenstein's big hug of Jamie Dimon. His issue is not with Mr. Dimon personally, but with the concept of Too Big to Fail," of which JPMorgan is now, more than ever.
    | Dec. 6, 2010, 11:58 AM
  • Dec. 6, 2010, 10:38 AM

    JPMorgan Chase (JPM +0.4%) may announce a huge stock buyback in early 2011, Deutsche Bank believes. After disappointing investors this year, “this should change (mgmt believes in 1Q) when there’s more clarity on capital and dividends and mgmt seems very eager to aggressively buy back stock at current levels.”

    | Dec. 6, 2010, 10:38 AM | 3 Comments
  • Dec. 5, 2010, 3:40 AM
    The PolyCapitalist calls for consumer activism to solve "Too Big to Fail," where regulators have utterly failed: "Most of us are bank customers, which makes putting an end to Too Bigger to Fail quite simple: all we have to do is take our banking business somewhere else."
    | Dec. 5, 2010, 3:40 AM | 35 Comments
  • Dec. 3, 2010, 3:12 PM
    Jamie Dimon (JPM) may be considered "America's least-hated banker" by some, but Simon Johnson calls him the "most dangerous banker" because he's so good at getting what he wants - and he wants a bigger, more interconnected global bank that would cause global chaos if it ever failed. JPMorgan Chase is "already Too Big To Fail [and is] "well on its way to becoming Too Big To Save."
    | Dec. 3, 2010, 3:12 PM | 4 Comments
  • Dec. 3, 2010, 7:47 AM

    A federal appeals court revives 24 lawsuits against a group of underwriters (including JPM and MS) accused of conflicts of interest in IPOs. Plaintiffs say the underwriters coordinated their activities with company insiders to gain from post-IPO stock price increases.

    | Dec. 3, 2010, 7:47 AM
  • Dec. 2, 2010, 3:49 PM

    The trustee seeking money for victims of Bernie Madoff's Ponzi scheme sues JPMorgan Chase (JPM) for more than $6B, claiming the bank enabled his multibillion-dollar fraud. The lawsuit is the latest salvo by Irving Picard, who has filed a flurry of cases in recent days seeking to claw back improper profits from the fraud.

    | Dec. 2, 2010, 3:49 PM | 2 Comments
  • Dec. 2, 2010, 10:38 AM
    JPMorgan Chase (JPM) countersues Lehman Brothers, claiming the failed investment bank engaged in "collusion and deception" when it persuaded it to lend more than $70B in 2008. J.P. Morgan says Barclays (BCS) cherry-picked the Lehman assets it wanted and left JPM with loans secured by Lehman's "most toxic securities," the suit says.
    | Dec. 2, 2010, 10:38 AM | 3 Comments
  • Dec. 2, 2010, 7:33 AM

    The SEC is said to be in preliminary talks with several major banks over a possible settlement that would end a broad probe into the sale of MBS and CDOs. Talks could still fall apart, but it seems both sides want to avoid a repeat of the SEC-Goldman showdown.

    | Dec. 2, 2010, 7:33 AM | 1 Comment
  • Dec. 1, 2010, 1:08 PM

    It's little surprise that everyone was tapping liquidity via the Fed's Primary Dealer Credit Facility in 2008 (notably MS, BAC and separately Merrill Lynch, GS, BCS, Bear Stearns (JPM) and Lehman Brothers). Turns out Lehman wasn't the biggest user of the program by far. (Fed programs data dump)

    | Dec. 1, 2010, 1:08 PM | 8 Comments
  • Nov. 23, 2010, 8:22 AM

    Falling profits and tighter margins will prompt banks to close 5,000 branches nationwide in the next 18 months, says Meredith Whitney, or roughly 6% of the country's branches. As many as 41M U.S. households won't have access to banking services, up from 30M last year.

    | Nov. 23, 2010, 8:22 AM | 5 Comments
  • Nov. 22, 2010, 10:10 AM
    Financial stocks slide on concerns about the potentially far-reaching government probe into possible insider trading. Goldman Sachs (GS -3.4%) is under particular scrutiny to determine if bankers leaked information about health care mergers and other transactions. MS -2.9%, CS -2.2%, UBS -2%, DB -1.8%, BAC -1.5%, JPM -1.5%. (ETF: XLF)
    | Nov. 22, 2010, 10:10 AM | 1 Comment
  • Nov. 22, 2010, 7:55 AM
    U.S. banks face as much as a $150B capital shortfall once Basel III goes into effect, according to a BarCap study that assumes a tier one capital ratio of 8%. The country's top 35 banks will also need to come up with another $500B in cash and easy-to-sell assets to meet liquidity requirements that take effect in 2015.
    | Nov. 22, 2010, 7:55 AM | 2 Comments
  • Nov. 17, 2010, 1:56 PM

    Tightening oversight: America's 19 stress-test banks are headed for another capital review for "adverse" circumstances by early 2011, under conditions set by the Fed. The central bank also laid out guidelines for those firms that want to return cash to shareholders through dividend hikes or buybacks, to determine whether they hold sufficient capital to do so.

    | Nov. 17, 2010, 1:56 PM | 5 Comments
  • Nov. 17, 2010, 10:57 AM

    JPMorgan Chase (JPM) CFO Doug Braunstein didn't say how long the bank's moratorium on foreclosures would continue (some say just another few weeks), but that it's still working hard with regulators and state AGs toward a conclusion. JPM's through the worst of the GSEs' repurchase demands on MBS deals, he says, and it may be forced to release loan-loss reserves if losses are stable.

    | Nov. 17, 2010, 10:57 AM | 2 Comments
Company Description
JPMorgan Chase & Co is a financial services firm and a banking institution. its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management.
Sector: Financial
Country: United States