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Former Citadel execs launch fund: report
Jun 08, 2010 20:52 EDT
NEW YORK (Reuters) - Three former executives at Chicago-based hedge fund Citadel are launching a computer-driven fund, the Wall Street Journal reported on Tuesday.
JPMorgan hit by big coal trading losses: traders
Jun 08, 2010 12:35 EDT
LONDON (Reuters) - JPMorgan Chase & Co has made heavy losses from bad coal-price bets, traders dealing with the U.S. investment bank said, at a time when proprietary trading at deposit-taking banks faces increased regulatory scrutiny.
Buffett fails to wow crisis panel on credit raters
Jun 02, 2010 19:16 EDT
NEW YORK (Reuters) - The Oracle of Omaha, for once, may have failed to impress his audience. Warren Buffett, the billionaire whose investments are followed religiously on Wall Street, had no easy remedies when grilled on Wednesday about the role of credit rating agencies in fueling the financial crisis.
Moody's executives split on ratings
Jun 02, 2010 08:36 EDT
NEW YORK (Reuters) - Former Moody's analysts say they felt pressure from bosses obsessed with market share to assign rosy ratings to risky debt products, while the company's current chief executive defended the rating agency's business model, according to testimony released on Wednesday.
JPMorgan and BofA lead candidates for GM IPO: report
Jun 01, 2010 16:36 EDT
NEW YORK (Reuters) - Bank of America Merrill Lynch <BAC.N> and JPMorgan <JPM.N> are the lead candidates for "senior manager" underwriting roles on the General Motors initial public offering, according to Fox Business Network's Charlie Gasparino.
JPMorgan's Dimon broadly optimistic on reform
May 24, 2010 22:53 EDT
NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon is broadly optimistic financial reform is headed in the right direction, he said on Monday at the Japan Society's Annual Dinner in New York.
Burger King cheeseburger-pricing case can continue
May 21, 2010 22:03 EDT
NEW YORK (Reuters) - Franchisees of Burger King Holdings have won the right to argue in court that the hamburger chain acted in bad faith when it added its double cheeseburger to its $1 Value Menu.
JPMorgan investors scold CEO, keep him as chairman
May 18, 2010 17:44 EDT
NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> shareholders rejected a proposal to strip Chief Executive Jamie Dimon of his chairman title, but they gave him a hard time at the bank's annual meeting on Tuesday.
JPMorgan's Dimon urges next generation to improve U.S.
May 16, 2010 14:18 EDT
SYRACUSE, New York (Reuters) - JPMorgan Chase & Co <JPM.N> Chief Executive Jamie Dimon told Syracuse University graduates on Sunday he was confident the United States would see a recovery in the short term, but the country's condition over the longer term was in the hands of the next generation.
Goldman joins effort to rescue Chicago bank
May 14, 2010 21:52 EDT
WASHINGTON/NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> and a consortium of other top banks are part of an effort to save ShoreBank Corp, a Chicago bank with Washington ties, a community activist close to the institution said on Friday.
JPMorgan's Dimon stirs ire of upstate NY students
May 14, 2010 16:41 EDT
NEW YORK (Reuters) - On Wall Street, Jamie Dimon is considered a leader, but some students at Syracuse University in Syracuse, New York are not impressed.
Morgan Stanley probed by Federal authorities: report
May 12, 2010 09:22 EDT
TOKYO (Reuters) - U.S. federal investigators are probing whether Morgan Stanley misled investors about mortgage derivative products it helped create and sometimes bet against, The Wall Street Journal said, citing people familiar with the matter.
Cuomo sues Bank of NY Mellon unit over Madoff
May 11, 2010 14:55 EDT
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo sued a Bank of New York Mellon Corp <BK.N> unit and two former senior officers on Tuesday, claiming they kept clients in the dark about investing with Bernard Madoff.
JPMorgan sees balanced financial reform prevailing
May 11, 2010 13:45 EDT
NEW YORK (Reuters) - Balanced U.S. financial reform will likely prevail, according to JPMorgan Chase & Co's <JPM.N> investment bank Chief Executive Jes Staley.
AIG posts quarterly profit on investment income
May 07, 2010 17:00 EDT
NEW YORK (Reuters) - American International Group Inc <AIG.N> turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize.
JPMorgan to cease tax-refund loans to paid preparers
Apr 29, 2010 15:16 EDT
NEW YORK/BANGALORE (Reuters) - JPMorgan Chase & Co <JPM.N> will no longer offer independent U.S. tax preparers financing for tax-refund loans, a company spokesman said.
BofA names Holliday as chairman
Apr 28, 2010 19:13 EDT
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> named DuPont's long-time chief executive, Charles Holliday, as its chairman on Wednesday, hours after the largest U.S. consumer bank concluded its 2010 annual meeting.
Regional banks beat, warn on loan demand
Apr 22, 2010 09:19 EDT
NEW YORK (Reuters) - Regional banks PNC Financial Services Group <PNC.N>, BB&T <BBT.N> and Fifth Third Bancorp
PNC first-quarter profit beats expectations
Apr 22, 2010 09:00 EDT
NEW YORK (Reuters) - PNC Financial Services Group <PNC.N> reported a better-than-expected first-quarter profit, even as it issued stock and repaid $7.6 billion in bank bailout money and its shares rose 2.3 percent.
Banks' loan losses easing but demand down
Apr 21, 2010 11:42 EDT
NEW YORK/CHARLOTTE (Reuters) - Banks including Wells Fargo & Co <WFC.N> reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.
