Search Results for: JPMorgan
Hackers Probing the Financial System Show Reason to Worry
October 31st, 2014
Hackers are testing the financial system’s cyber defenses, and they can boast of some alarming success. Let’s start with what we know. JPMorgan Chase & Co. says a breach of its computer systems exposed the personal information of 76 ...
Fed to stress-test banks with housing scenarios
October 24th, 2014
The Federal Reserve said it will scrutinize how 31 large U.S. banks, including JPMorgan Chase & Co. and Citigroup Inc., would respond to a plunge in equity and housing prices and a sharp downturn in the global economy. The ...
Hong Kong Is Hot Spot for U.S. Lawyers as Probes Rise
October 22nd, 2014
When Cathy Palmer first came to Hong Kong as a U.S. prosecutor more than 20 years ago, she was chasing heroin-smuggling triads who later sent a booby-trapped package to her Brooklyn office. Since March, she has been in the ...
Brazil’s First I.P.O. for 2014 Ends First Day Up Slightly
October 22nd, 2014
A veterinary medicine company, Ouro Fino Saúde Animal Participações, made its debut on Tuesday amid a weak economy and political uncertainty in Brazil. Brazil’s first initial public offering of the year started trading on Tuesday as a veterinary medicine ...
Volatility unlikely to alter Fed’s Policy Course
October 20th, 2014
The Federal Reserve still plans to wrap up its bond-buying campaign at the end of October and remains likely to raise interest rates in mid-2015, although it now seems less likely to act sooner, analysts say. The Federal Reserve ...
Six Dow stocks actually up today
October 16th, 2014
Believe it or not — there are six huge U.S. stocks escaping the pain There are six stocks in the Dow Jones industrial average, including Johnson & Johnson (JNJ), DuPont (DD) and General Electric (GE) that are up Wednesday, ...
IPO banks seek measure of success
October 14th, 2014
What is the best way to judge the success of an initial public offering? Investors in Rocket Internet probably have a view. They were left counting their paper losses earlier this month, after shares in the German technology company ...
U.S. banks ramp up credit card lending but margins may suffer
October 13th, 2014
As traditional Wall Street money makers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses. JPMorgan Chase & Co, (JPM.N) Citigroup Inc (C.N) and other big banks ...
China to Impose Quota on Local Government Debt Amid Risks
October 2nd, 2014
China announced plans to cap the amount of debt local governments can take on and ban them from additional borrowing through financing vehicles as authorities step up efforts to control risks to the financial system. All borrowing by provinces ...
Banks pull out of dozens of benchmarks after rate-rigging scandals
October 2nd, 2014
Some of the world’s largest banks have stopped contributing to dozens of financial benchmarks to avoid further litigation risk in the wake of the Libor and foreign exchange rate rigging scandals. Deutsche Bank, Citigroup, JPMorgan and UBS, among others, ...
