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By Jonathan Stempel 1 hour, 26 minutes ago NEW YORK (Reuters) - Morgan Stanley (MS.N) and JPMorgan Chase & Co (JPM.N) agreed to buy back billions of dollars of illiquid auction-rate securities and pay fines to settle charges that they misled investors a..
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12 minutes ago (Reuters) - Investment bank JPMorgan Chase & Co has incurred losses of about $1.5 billion since the start of July, hurt by turmoil in the credit and mortgage markets and by wider credit spreads and lower levels of liquidity, the company s..
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By Elinor Comlay 1 hour, 9 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Thursday that second-quarter profit fell more than 50 percent, hurt by $1.1 billion in write-downs at its investment bank, but the results beat expectations..
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Mon Jun 2, 5:30 AM ET (Reuters) - Former Bear Stearns Cos chief executive Alan Schwartz may not join JPMorgan Chase & Co (JPM.N) as non-executive vice chairman, the New York Post said on Monday, citing a source familiar with the matter.
Schwartz, 57, h..
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2 hours, 27 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Saturday it completed its $1.4 billion Bear Stearns Cos (BSC.N) takeover, capping the demise of a Wall Street firm that survived the Depression and numerous slumps in its 8..
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3 minutes ago NEW YORK (Reuters) - Bear Stearns' two top economists, David Malpass and John Ryding, will not join JPMorgan Chase & Co, which is in the process of acquiring Bear, a source familiar with the situation said on Friday.
It was not known whet..
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1 hour, 30 minutes ago NEW YORK (Reuters) - Bear Stearns Cos Inc (BSC.N) shareholders approved the sale of the company to JPMorgan Chase & Co (JPM.N) on Thursday, a JPMorgan spokesman said.
In March, Bear Stearns agreed to sell itself in a deal now wor..
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By Joseph A. Giannone 1 hour, 15 minutes ago NEW YORK (Reuters) - More than 7,600 Bear Stearns Cos' (BSC.N) employees, about 55 percent of its staff, are expected to lose their jobs as the troubled investment bank is absorbed into JPMorgan Chase & Co (J..
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15 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments ass..
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By Joseph A. Giannone 23 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the U.S. economy could still face..
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Sat May 3, 11:52 AM ET FRANKFURT (Reuters) - JPMorgan Chase & Co (JPM.N) does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday.
"We can only spec..
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Thu Apr 17, 1:33 AM ET NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) is to sell $6 billion in non-cumulative perpetual preferred shares, according to a report in International Financing Review, a Thomson publication.
Pricing could be decided on Wedn..
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By Jonathan Stempel and Joseph A. Giannone 49 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) posted first-quarter results that soothed investors who had counted on the giant banks to handle the U.S. housing and..
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8 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N), the third-largest U.S. bank, said on Wednesday quarterly profit fell 50 percent, hurt by writedowns for leveraged loans and mortgages and because it set aside more money for loan losses.
F..
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By Joseph A. Giannone and Paritosh Bansal 3 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N), which is taking over rival investment bank Bear Stearns Cos (BSC.N), will dominate the management ranks of the combined company's investment bankin..
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1 hour, 40 minutes ago WASHINGTON (Reuters) - JPMorgan Chase & Co (JPM.N) chief executive Jamie Dimon said on Thursday that the bank would not have offered to buy Bear Stearns Cos (BSC.N) if the Federal Reserve had not agreed to absorb billions of poten..
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By Chris Reiter and Paritosh Bansal 1 hour, 50 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co's (JPM.N) biggest challenge in integrating Bear Stearns Cos (BSC.N) may be making sure there's still something left to integrate.
An exodus of Bear empl..
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1 hour, 49 minutes ago WASHINGTON (Reuters) - U.S. Senate Banking Committee Chairman Christopher Dodd on Wednesday said JPMorgan Chase & Co's (JPM.N) bid to acquire Bear Stearns Cos Inc (BSC.N) raises regulatory and American taxpayer concerns.
Dodd sai..
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By Chris Reiter 1 hour, 18 minutes ago NEW YORK (Reuters) - Employees at Bear Stearns Cos (BSC.N) were hardly celebrating the day after JPMorgan Chase & Co (JPM.N) raised its bid for Bear five-fold.
Instead, resignation, bitterness and anger gripped Be..
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By Kevin Plumberg 1 hour, 12 minutes ago NEW YORK (Reuters) - The embattled financial sector racked by the credit crisis took another hit on Tuesday after JPMorgan Chase and UBS AG lowered their views on Merrill Lynch & Co Inc (MER.N), expecting the Wal..
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