jp-morgan - Latest News on jp-morgan | Read Breaking News on Zee News

JPMorgan profit weaker than expected as trading revenue falls

Last Updated: Saturday, April 12, 2014, 10:01

Overall, net income fell 19 percent to $5.27 billion, or $1.28 per share, from $6.53 billion, or $1.59 per share, in the same quarter of 2013, the biggest U.S. bank said on Friday.

JPMorgan earnings fall 19% on lower mortgage income

Last Updated: Friday, April 11, 2014, 18:07

JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.

`May Elections may provide a short-term market boost`

Last Updated: Thursday, April 03, 2014, 18:02

The MSCI India index has seen a 8.2 percent rise in the first quarter of 2014.

Russia says JPMorgan ''illegally'' blocked embassy money transfer

Last Updated: Wednesday, April 02, 2014, 07:52

Russia accused US bank JPMorgan on Tuesday of "illegally" blocking a payment from one of its embassies to an insurance agency "under the pretext of anti-Russian sanctions."

JPMorgan fails to end lawsuit over London Whale losses

Last Updated: Tuesday, April 01, 2014, 06:43

JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost USD 6.2 billion in the "London Whale" scandal.

JPMorgan sells physical commodities unit to Mercuria for $3.5 bn

Last Updated: Wednesday, March 19, 2014, 20:11

JPMorgan is selling its physical commodities business to Mercuria for USD 3.5 billion, the US investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

JPMorgan pays $400 mn to settle on mortgage securities

Last Updated: Tuesday, March 04, 2014, 09:17

US banking giant JPMorgan Chase agreed to pay USD 400 million in cash to settle litigation filed by Syncora Guarantee Inc. over mortgage-backed securities, according to the bond insurer.

JPMorgan to cut 8,000 jobs, lowers 2014 profit target

Last Updated: Wednesday, February 26, 2014, 09:56

JPMorgan Chase & Co , the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.

JPMorgan Chase to cut 5,000 jobs in 2014

Last Updated: Tuesday, February 25, 2014, 21:36

JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presentation posted to the JPMorgan website ahead of an investor day.

India's gross FY15 borrowing seen at 6.25 trillion rupees: JPMorgan

Last Updated: Friday, February 14, 2014, 12:49

These factors work out to a gross borrowing requirement of 6.25 trillion rupees for fiscal 2015.

US prosecutor Preet Bharara`s office recovers nearly USD 4 billion since Jan 2013

Last Updated: Wednesday, February 12, 2014, 13:39

Indian-origin US prosecutor Preet Bharara`s office has recovered nearly USD four billion from criminal and civil cases since January 2013, including significant forfeitures from JPMorgan Chase, SAC Capital Advisors and jailed hedge fund founder Raj Rajaratnam.

NGO challenges $13 bn JPMorgan Chase settlement

Last Updated: Tuesday, February 11, 2014, 14:46

A non-profit group filed suit on Tuesday over a record USD 13 billion settlement between the US Justice Department and JPMorgan Chase concerning high-risk mortgage securities it sold ahead of the housing bust.