Jpmorgan

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Best CEOs Of The Decade (PHOTOS, POLL)

Huffington Post | Grace Kiser | Posted 12.24.2009 | Business

Read More: John Mackey, Best Ceos, Google, Lloyd Blankfein, Steve Jobs, Fedex, Whole Foods, John Chambers, Dell, Slidepoll, Eric Schmidt, Michael Dell, Jamie Dimon, Fred Smith, Jim Skinner, Larry Ellison, Goldman Sachs, Xerox, Satoru Iwata, Apple, Jpmorgan, Oracle, Ceos, Cisco, McDonald's, Most Profitable Companies, Anne Mulcahy, Nintendo, Business News

The 2000s certainly seem like a ghastly decade. The era's already fabled financial debacles -- among them, Enron's bankruptcy, the burst of the tech b...

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After TARP Repayments, Banks Are Now 'Free To Fail Again': Steven Pearlstein

washingtonpost.com | Steven Pearlstein | Posted 12.16.2009 | Business

Read More: Tarp, Goldman Sachs, TARP Repayments, Jpmorgan, Troubled Asset Relief Program, Financial Reform, Too Big to Fail, Banks, Steven Pearlstein, Obama, Washington Post, Citigroup, Business News

As far as I can tell, top administration officials are fixated on voter rage over bank bailouts and the resulting hit to the president's poll ratings....

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Bank CEOs Say They'll Get Behind Reform - Should You Believe Them?

Huffington Post | Ryan McCarthy | Posted 12.15.2009 | Business

Read More: Goldman Sachs, Bank CEOs, Consumer Agency, Wall Street, Bank Lobby, Jpmorgan, Financial Reform, President Obama, Banks, Consumer Protection Agency, House Financial Services Committee, Business News

What a difference a day makes. On the heels of President Obama's private confab with Wall Street executives, the Wall Street Journal reports that ...

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Foreclosure 'SWAT Teams' Unleashed By Treasury Department: NPR

npr.org | Weekend Edition Sunday | Posted 12.14.2009 | Business

Read More: Loan Modifications, Department of Treasury, Mortgage Modification, Foreclosure, Making Home Affordable Program, Mortgages, Bank of America, Making Home Affordable, Foreclosure SWAT Teams, Jpmorgan, Housing Crisis, Business News

The Treasury Department has started dispatching what it calls foreclosure "SWAT teams" to big banks to take a hard look at their operations. ...

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Obama Meets With Bank Executives

AP | TOM RAUM | Posted 12.14.2009 | Business

Read More: Tarp, Goldman Sachs, Jpmorgan, Consumer Financial Protection Agency, Consumer Protection Agency, Obama, Bank Executives, Bank of Americam Morgan Stanley, Citigroup, Business News

WASHINGTON — President Barack Obama implored top bankers Monday to help keep the fragile recovery from faltering by boosting lending to small bu...

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Citigroup To Repay $20 Billion In TARP Bailout Money

AP | BY STEPHEN BERNARD | Posted 12.14.2009 | Business

Read More: Tarp, Geithner, New York, Chase, Paulson, Tim Geithner, Ben Bernanke, Citi, Palin Gop @Y:US-News, Bailout, Jpmorgan, Treasury, Bernanke, Financial Crisis, Banks, Hank Paulson, Wall Street, Citigroup, Business News

NEW YORK — Citigroup Inc. and Wells Fargo & Co. said Monday they would repay their government bailout loans, freeing them from close regulatory ...

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JPMorgan Bailout Repayment Completed With $936M Sale Of Warrants

AP | MARTIN CRUTSINGER | Posted 12.11.2009 | Business

Read More: Jpmorgan, Bailout, Wall Street Bailout, Tarp, Treasury Department, Business News

WASHINGTON — The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of th...

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House Passes Wall Street Reform Bill With Zero GOP Votes

HuffingtonPost.com | Shahien Nasiripour and Jeff Muskus | Posted 12.11.2009 | Business

Read More: Bart Stupak, Goldman Sachs, Public Citizen, Financial Reform Loopholes, Derivatives, Financial Reform, Jpmorgan, Derivatives Loopholes, Barney Frank, House Financial Reform Bill, Financial Crisis, Barack Obama, Business News

In a close vote, the House of Representatives Friday afternoon passed a financial reform bill intended to re-regulate Wall Street and increase protect...

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Mario Vargas Llosa on the End of the Incan Empire at the Americas Society

Jim Luce | Posted 10.28.2009 | New York

Read More: Frente DemocráTico Coalition, Conversations in the Cathedral, Dr. Thomas Ward, Latin American Boom Literary Movement, Bogotá, Dr. Raquel Chang-RodríGuez, Dr. Juan Ossio, The Green House, Plymouth, Alfred Mac Adam, TúPac Amaru, Fidel Castro, Doris Cramer, Cuny, John Lee, Nobel Prize for Literature, Spanish, Americas Society, Dr. Margarita Zamora, The Royal Commentaries, Latin America, Incan Empire, Nobel Peace Prize, Pontificia Universidad CatóLica Del Peru, Mario Vargas Llosa, Barack Obama, Cuzco, David Rockefeller, Dania Junco, Center for Inter-American Relations, Caribbean, The Feast of the Goat, City College-Graduate Center CUNY, Pilgrims, Inca Garcilaso De La Vega, Fondo Editorial, Cuba, Jpmorgan, Mestizo, Quechua, Spanish Conquistadors, New York News

Vargas Llosa speaks about Barack Obama's Nobel Prize, the state of literature, inter-American relations and politics.

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A Happy Day in Businessland!

Fortune's Stanley Bing | Posted 10.14.2009 | Business

Read More: Executive Compensation, Recovery, Bankers, Wall Street, Jpmorgan, Recession, Business News

The Dow is about to go over 10,000 again. Won't that be nice? Yay for those cockeyed optimists! They make the world go 'round!

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JPMorgan Earnings: Bank Posts $3.6 Billion Profit, Despite Big Loan Losses

AP | STEPHEN BERNARD | Posted 10.14.2009 | Business

Read More: Banks, Jamie Dimon, Credit Cards, Jpm, Wall Street, JMorgan Chase, Jpmorgan, Business News

NEW YORK — JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the foreseeable future.

JPMorgan, the first of the big banks to report earnings for the July-September period, reported a $3.59 billion profit but also said it roughly doubled the amount of money it set aside for failed home and credit card loans in the quarter.

The bank's stock rose on the news, helping to lift the overall market and send the Dow Jones industrials above 10,000 for the first time in a year. Still, JPMorgan's performance shouldn't be taken as a forecast for how well other banks did during the quarter. Many financial companies don't have such big investment banking operations, which includes trading of stocks and bonds and allowed JPMorgan, the nation's largest bank by assets, to overcome its loan losses.

Bart Narter, a senior vice president at consulting firm Celent, said JPMorgan's results showed a clear trend that "Wall Street is picking up quite smartly, while Main Street continues to suffer."

Banks including JPMorgan have predicted for some time that their loan losses would keep rising. And in JPMorgan's earnings statement, CEO Jamie Dimon confirmed that this trend continues.

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Citigroup Returns to Banking by Divesting Its Oil Trading Arm

Raymond J. Learsy | Posted 10.14.2009 | Business

Read More: Energy, Federal Bailouts, Phibro, Goldman Sachs, Citigroup, Morgan Stanley, Occidental Petroleum, Lehman, Oil, Treasury, Federal Reserve, Andy Hall, Jpmorgan, Bailouts, Business News

It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.

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This Is It! World Premiere of Capitalism: A Love Story Tonight

Michael Moore | Posted 10.21.2009 | Entertainment

Read More: Morgan Stanley, Citizens Arrest, Goldman Sachs, Elizabeth Warren, Economy, Chase, Meltdown, Bowling for Columbine, Fahrenheit 9/11, Movie, Unemployment, Bailout, Credit Default Swap, Michael Moore, Jpmorgan, Citibank, Financial Crisis, Housing Crisis, Foreclosure, Stock Market, Wall Street, Bankruptcy, Bank of America, Aig, Sicko, Venice Film Festival, Recommended, Derivative, Merrill Lynch, Baron Hill, Henry Paulson, George W Bush, Marcy Kaptur, Capitalism: A Love Story, Capitalism Movie, Entertainment News

Tonight, at the Venice Film Festival, I will premiere my new movie, "Capitalism: A Love Story." After 16 months of production, I am proud to present this work of mine to you. It is unlike anything you'll see this year.

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Emanuel Declines Invite To JPMorgan Board Meeting

Reuters | Posted 08.19.2009 | Business

Read More: JPMorgan Chase, Chase, Rahm Emanuel, Jpmorgan, Rahm Emanuel JPMorgan, Business News

U.S. President Barack Obama's chief of staff, Rahm Emanuel, has declined an invitation to attend a board meeting of JPMorgan Chase & Co, a White House...

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Obama's Regulatory Plan Would Trim Back Financial Powerhouses

AP | JIM KUHNHENN | Posted 08.05.2009 | Business

Read More: Obama Administration, Goldman Sachs, Barack Obama, Jpmorgan, Financial Regulation, Citigroup, Business News

WASHINGTON — They are the biggest of the big _ the Citigroups, the Goldman Sachses, the AIGs and other financial behemoths. The Obama administra...

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10 Large US Banks To Repay $68B In TARP Funds

AP | DANIEL WAGNER | Posted 07.18.2009 | Business

Read More: Chase, Morgan Stanley, Tarp Funds, Tarp, Jpmorgan, Business News

WASHINGTON — A key government effort to ease the credit crisis reached a milestone Wednesday as 10 large banks said they had repaid a total of $...

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Amex, JPMorgan, Bank of New York Mellon Pass Stress Tests

AP | DANIEL WAGNER and SARA LEPRO | Posted 06.06.2009 | Business

Read More: Stress Tests, Amex Passes Stress Tests, Economy, Amex, Jpmorgan, Treasury, Bank of New York Mellon, Jpmorgan Passes Stress Test, Financial Crisis, Bank of New York Mellon Passes Stress Tests, Tim Geithner, Business News

WASHINGTON — Leaked results of the government's stress tests of 19 large banks are boosting investor confidence in the financial sector. America...

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Banks Rush To Repay Bailout Money While Clinging To Other Government Lifelines

Washington Post | Binyamin Appelbaum | Posted 05.18.2009 | Business

Read More: Financial Crisis, Goldman Sachs, Bank Bailouts, Economic Crisis, Economy, Jpmorgan, Wells Fargo, Business News

ix months after Washington rescued Wall Street, exasperated banks insist they want to leave the lifeboat. ...

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Bailed-Out Banks Considering Buying Toxic Assets Sold By Rivals

Financial Times | Francesco Guerrera and Krishna Guha | Posted 05.03.2009 | Business

Read More: Goldman Sachs, Citigroup, Morgan Stanley, Jpmorgan, Business News

US banks that have received government aid, including Citigroup, Goldman Sachs, Morgan Stanley and JPMorgan Chase, are considering buying toxic assets...

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Jamie Dimon: Rescuing Banks Possible If We Stop The "Vilification" Of Corporate America

Bloomberg | Elizabeth Hester | Posted 04.11.2009 | Business

Read More: JPMorgan Chase, Jpmorgan Dimon, Jpmorgan, Dimon Jpmorgan, Jamie Dimon, Jamie Dimon Chamber of Commerce, Jamie Dimon March 11, Jamie Dimon Us Chamber of Commerce, Jamie Dimon Us Chamber, Jamie Dimon Speech March 11, Business News

March 11 (Bloomberg) -- Jamie Dimon, chief executive officer of JPMorgan Chase & Co., said the U.S. can rescue its banking system by year-end if U.S. ...

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JPMorgan Derivatives' $5 Billion Windfall

Bloomberg | Matthew Leising and Elizabeth Hester | Posted 04.03.2009 | Business

Read More: JPMorgan Derivatives, JPMorgan Chase, Wall Street Crisis, Wall Street, JPMorgan $5 Billion, Derivatives, Jpmorgan, Business News

March 3 (Bloomberg) -- JPMorgan Chase & Co. managed to generate $5 billion in profit during the worst year in Wall Street history by trading over-the-...

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JPMorgan, Citigroup, BofA Halt Foreclosures

AP | ALAN ZIBEL | Posted 03.16.2009 | Business

Read More: Bank of America, Foreclosures, Foreclosure Moratorium, Jpmorgan, Citigroup, Business News

WASHINGTON — The biggest players in the mortgage industry are halting home foreclosures while the Obama administration develops its plan to help...

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Banks Racing To Pay Back Bailout Funds After Congressional Lashing

Bloomberg | Linda Shen and Bradley Keoun | Posted 03.23.2009 | Business

Read More: Lloyd Blankfein, Goldman Sachs, Bank of America, Morgan Stanley, Ken Lewis, Bank CEOs, Bankers, Jamie Dimon, John Mack, Jpmorgan, Bailout Outrage, Business News

Feb. 12 (Bloomberg) -- Bank of America Corp., JPMorgan Chase & Co. and Morgan Stanley may decide after enduring yesterday's Congressional hearing tha...

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JPMorgan Chase buys WaMu assets after FDIC seizure

AP | MARCY GORDON, SARA LEPRO and MADLEN READ | Posted 10.26.2008 | Business

Read More: Banks, Jpmorgan, Wamu, Washington Mutual, JPMorgan Washington Mutual, JPMorgan WaMu, Business News

NEW YORK — JPMorgan Chase & Co. Inc. came to the rescue of Washington Mutual Inc. Thursday, buying the thrift's banking assets after WaMu was se...

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Goodbye, Gramm -- Samson, Not Pillar

John Tepper Marlin | Posted 07.26.2008 | Business

Read More: Stephen Moore, Bear Stearns, Phil Gramm, John McCain, J.P.Morgan, Investment Banks, Mccain Phil Gramm, Regulation, Glass-Steagall, Business News