Posts Tagged ‘Morgan’

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 […]

JP Morgan criticized for portfolio ties to Sudan

JP Morgan saw its shares fall in trading over a risky investment strategy that has so far cost the bank $ 2 billion, but its continued association with PetroChina could cause more trouble. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

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 […]

PIMCO draws $60 billion in 2011 to top mutual fund inflows

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – Giant asset manager Pacific Investment Management Co. attracted more cash than any of its rivals in 2011, even as its flagship PIMCO Total Return Fund, the world’s largest bond fund, suffered its first ever calendar year of outflows. Pimco’s actively managed bond and […]

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 […]

Former SEC officials claim regulator destroyed records

A former U.S. Securities and Exchange Commission official claimed that the regulator destroyed records of enforcement cases after it decided not to file charges or make full-blown probes. The cases include prominent Wall Street firms such as Goldman Sachs, Citigroup, Bank of America, Morgan Stanley and SAC Capital. View full post on Banking Stories