Posts Tagged ‘jp morgan chase’

JP Morgan, Bank of America subject of money laundering probe

U.S. financial regulators are reportedly investigating JP Morgan Chase and Bank of America for possible breaches that allowed the flow of money to drug dealers or terrorists, according to a The New York Times report on Saturday. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

JP Morgan, Bank of America subject of money laundering probe

U.S. financial regulators are reportedly investigating JP Morgan Chase and Bank of America for possible breaches that allowed the flow of money to drug dealers or terrorists, according to a The New York Times report on Saturday. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

JP Morgan Q2 earnings down by 8.7 percent

JP Morgan Chase’s second quarter revenue fell by 17 per cent that saw its quarterly earnings decline by 8.7 per cent at $ 4.96bn, which was slightly lower than the previous quarter. The eagerly anticipated quarterly profit announcement comes at the back of news of a $ 4.4bn trading loss by the bank’s London offices. […]

Facebook underwriters face lawwuits over IPO

Morgan Stanley, Goldman Sachs, JP Morgan Chase and the long list of Facebook underwriters have been slapped with a lawsuit by investors who say they were misled. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

JP Morgan exec steps down following bank’s $2 billion loss

Diane Alter – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – Following JP Morgan Chase’s admitted $ 2 billion blunder, the bank’s chief investment officer has stepped down. The bank behemoth announced Monday that Ina Drew resigned following the bank’s $ 2 billion loss caused by a trade involving derivatives that was […]

U.S. markets open lower sparked by trading losses at JP Morgan Chase

Diane Alter – Fourth Estate Cooperative Reporter New York City, NY, United States (4E) – U.S. stocks opened lower Friday morning after JP Morgan Chase’s trading losses spooked investors. Right after the opening bell on Wall Street, the Dow Jones Industrial Average dropped 64 points, the S&P 500 Index fell 6 points and the NASDAQ […]

Stocks start Monday strong on higher retail sales

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Dow stocks stocks staged a rally Monday morning boosted by strong retail sales data. Shorty after 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 64 points, the Standard & Poor’s 500 Index was off 2 points and the […]

U.S. stock futures down ahead of Thursday’s open

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – U.S. stock futures were down ahead of Thursday’s opening bell, signaling a drop when markets open at 9:30 a.m. EST. JP Morgan Chase, the first of the major banks to report third quarter earnings, beat results but profits were down 4 percent. Third […]

JP Morgan Chase Q2 profits up 13%

J.P. Morgan Chase & Co. saw its second-quarter profit rise by 13 percent, creating a $5.43 billion net profit up from $4.8 billion for the same period a year earlier. View full post on Banking Stories

U.S. banks start charging $5 fee to use ATMs

Some U.S. banks have started to increase their ATM fees, according to report. Among them are JP Morgan Chase and Hong Kong and Shanghai Banking Corporation USA. View full post on Banking Stories