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JPMorgan Chase & Co. (JPM)

  • Jun. 7, 2010, 9:15 AM
    Market Preview: Futures cling to early gains, with benchmark S&P +0.1% despite macro concerns weighing on overseas markets. Bank stocks are doing well after the G-20 gave up on a global bank levy, and [[Talecris]] has rocketed on news of its acquisition. Later today: Employment Trends, and a speech from Bernanke (calendar).
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  • Jun. 7, 2010, 7:31 AM
    After tense weekend negotiations, G-20 finance ministers agreed to drop the idea of a global bank tax, bowing to pressure from Canada and other critics of the levy. Bank stocks are rising premarket: GS +0.2%, C +0.8%, JPM +1%, BAC +1.2%, MS +0.2%, HBC +1.6%, UBS +2.5%, BCS +1.7%, CS +2%
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  • Jun. 3, 2010, 2:24 PM
    The U.K.'s Financial Services Authority loses an insider trading case, suffering a blow as it strives to look tough on crime and overshadowing its earlier announcement that it slapped a big fine on JPMorgan Chase (JPM).
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  • Jun. 3, 2010, 7:46 AM
    The FSA fines JPMorgan's (JPM) London unit a record £33.3M ($48.9M) for failing to properly separate billions of dollars of client money from the firm's accounts. "Firms need to sit up and take notice of this action," says the FSA. "We have several more cases in the pipeline.”
  • Jun. 2, 2010, 8:09 AM
    Other losers from the collapse of Prudential's (PUK) deal with AIG (AIG): Credit Suisse (CS), JPMorgan (JPM) and HSBC (HBC). As advisers and underwriters, the three banks would have pocketed hundreds of millions of dollars in fees had the deal gone forward.
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  • May. 28, 2010, 8:36 AM
    A group led by Centerbridge Partners LP and including Paulson & Co. and Blackstone (BX) wins an all-night $4B bidding war to take hotel chain Extended Stay out of bankruptcy protection. JPMorgan (JPM) and Deutsche Bank (DB) are significant backers.
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  • May. 28, 2010, 8:06 AM
    Toys R Us files for an $800M IPO. Toys R Us was bought in 2005 by KKR (KFN), Bain, and Vornado (VNO) for $6.6B. Underwriters: GS, JPM, BAC, CS, DB, C, WFC, MFG.
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  • May. 26, 2010, 4:45 PM
    Lehman's court filing says JPMorgan's (JPM) actions cost its estate "tens of billions of dollars of value," and sees $5B in direct damages from JPM's misconduct.
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  • May. 26, 2010, 4:38 PM
    Lehman's lawsuit alleges JPMorgan (JPM) CEO Jamie Dimon and other top executives used inside knowledge to take advantage of Lehman as its financial state worsened, coercing Lehman to fork over $8.6B in collateral in September 2008 and triggering a liquidity squeeze that contributed to Lehman's collapse. (WSJ)
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  • May. 26, 2010, 4:28 PM
    Lehman's bankruptcy estate sues JPMorgan (JPM), alleging JPM illegally siphoned billions of dollars from Lehman in the days before it filed for bankruptcy. JPM -0.7% AH.
  • May. 24, 2010, 3:39 PM
    Hedge funds still love Apple (AAPL) the best, according to Goldman Sachs' (GS) quarterly report, followed by BofA (BAC), Google (GOOG), Microsoft (MSFT) and JPMorgan Chase (JPM). Among the newcomers to the list: Baidu (BIDU), Kraft (KFT), Xerox (XRX), CIT Group (CIT). But the hedgies miss sometimes too, as evidenced by Google's 20% thud this year.
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  • May. 24, 2010, 7:56 AM
    Six banks operating a 'dark pool' trading platform in Europe agree to start disclosing daily volumes amid increased regulatory scrutiny. The six banks are Credit Suisse (CS), Deutsche Bank (DB), JPMorgan (JPM), Morgan Stanley (MS) and UBS (UBS).
  • May. 22, 2010, 2:40 PM
    Washington Mutual and the FDIC finally reach a deal. WaMu will return $7B to its creditors, as part of an agreement that settles claims between WaMu's holding company and JPMorgan (JPM), which bought the failed bank in 2008. (previously)
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  • May. 19, 2010, 4:50 PM
    JPMorgan Chase (JPM) abandons its demand for a $1.4B refund in exchange for a bigger upfront share of a Washington Mutual (WAMUQ.PK) bankruptcy settlement, hoping the concession may break a stalemate with WaMu bondholders and the FDIC.
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  • May. 18, 2010, 2:10 PM
    Jamie Dimon retains the reins of power at JPMorgan Chase (JPM -0.9%), as shareholders reject a proposal for an independent chairman; Calpers had supported separating the roles. Dimon says the bank would raise its dividend after evidence of stronger U.S. employment, improved ability of consumers to pay debts and decisions from regulators about bank capital requirements.
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  • May. 14, 2010, 7:10 AM
    The SEC reportedly opens a preliminary probe into Wall Street firms that sold muni bonds and then profited by betting against them. Several states are looking into the issue as well, including a California inquiry focused on BofA (BAC -1.9%), Barclays (BCS -4.2%), Citigroup (C -1.7%), Goldman (GS -0.8%), JPMorgan (JPM) and Morgan Stanley (MS -0.8%). (see also: I, II)
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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