Search Results for: JPMorgan Chase
Singapore Returns Up to $9 Billion to Banks in Rate Probe
November 7th, 2014
Singapore’s central bank gave back as much as S$12 billion ($9.3 billion) that it took from 19 lenders last year as a penalty for trying to manipulate benchmark interest rates. The banks have taken steps to prevent a recurrence ...
BofA triples third-quarter loss due to forex legal expense
November 7th, 2014
Bank of America Corp (BAC.N) tripled its third-quarter loss to $232 million, in a revision that added legal costs related to global investigations into foreign exchange trading at major banks. Regulators are investigating allegations that dealers colluded and manipulated key ...
A Recent Surge of Leveraged Loans Rattles Regulators
November 5th, 2014
As regulators hunt for the next financial bubble, they are homing in on an obscure corner of Wall Street: the debt market where Tom Shannon’s company, a chain of flashy bowling alleys, recently borrowed nearly half a billion dollars. ...
Most People Cannot Even Imagine That An Economic Collapse Is Coming
November 3rd, 2014
The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues ...
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 ...
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, ...
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 ...
