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US Federal Reserve records show over 50 of cyber security breaches

US Federal Reserve records show over 50 of cyber security breaches

Washington: The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records.

Japan PM Shinzo Abe delays tax hike in blow for Abenomics

Japan PM Shinzo Abe delays tax hike in blow for Abenomics

Tokyo: Japanese Prime Minister Shinzo Abe on Wednesday said he would delay a sales tax hike that threatened to derail the fragile economy, but analysts said it highlighted the failure of his years-long efforts to spark growth.
 

Sebi cancels registration of Deutsche Mutual Fund

Sebi cancels registration of Deutsche Mutual Fund

Capital markets watchdog Sebi today cancelled registration of Deutsche Mutual Fund following the transfer of its schemes to DHFL Pramerica Mutual Fund.

JPMorgan quarterly profit falls 6.7% hurt by drop in investment banking revenue

JPMorgan quarterly profit falls 6.7% hurt by drop in investment banking revenue

JPMorgan Chase & Co, the biggest US bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.

Global watchdog flags slow 'too big to fail' bank rule adoption

Many countries have not yet introduced laws allowing regulators to write down bank`s debts to avoid taxpayer bailouts and prevent them being "too big to fail", the world`s top financial watchdog warned on Friday.

Barclays' boss wants Blythe Masters to run investment bank

New Barclays Plc Chief Executive Jes Staley approached his former JPMorgan colleague Blythe Masters about running the British bank`s investment bank division, a person familiar with the matter said on Wednesday.

JPMorgan profit rises as expenses fall

JPMorgan Chase & Co , the biggest US bank by assets, reported a 5.2 percent increase in quarterly profit as expenses declined.

JPMorgan to pay over $125 million to settle US credit card debt probes 

The settlement also includes about $50 million in restitution, the sources said. 

JPMorgan Chase to cut 5,000 jobs: Sources

About $2 billion of that is to come from cost-cutting in retail banking, with the bank planning to close 300 of its 5,570 branches by the end of 2016.

JPMorgan says banks may be making 'bad loans' as LBOs boom

JPMorgan Chase & Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview. 

JPMorgan profit rises as fixed-income trading rebounds

The bank`s net income rose to $5.91 billion, or $1.45 per share, in the first quarter ended March 31, from $5.27 billion, or $1.28 per share, a year earlier.

Global business growth at five-month high in February: PMI

Global business activity picked up at the fastest pace in five months during February as new orders flooded in, even though companies raised prices, a business survey showed on Wednesday.

JPMorgan eyes $1.4 billion in cost savings in 2015

JPMorgan Chase & Co said on Tuesday it aims to save about $1.4 billion in annual expenses, mainly in consumer and investment banking, as a proposed government requirement to hold more capital is expected to pinch profits.

JPMorgan to cut nearly USD 5 bn in expenses through 2017

JPMorgan Chase today unveiled plans to eliminate hundreds of retail branches and some USD 100 billion in deposits as it announced nearly USD 5 billion in cost cuts in the next three years.

SpiceJet crisis: Investors approach Sebi with revival plan

Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their investment plan for the cash-strapped airline.

Fed targets JPMorgan as it favors traditional banks

In publicly declaring that JPMorgan Chase should raise $22 billion, the Federal Reserve has delivered a hard blow to the largest US bank and shown its preference for traditional banks.

JPMorgan's Dimon says cancer treatment successful

JPMorgan Chase chief executive Jamie Dimon told bank employees Friday that his throat cancer has disappeared after three months of treatment.

JPMorgan continues run as top ranked investment bank

JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date.

JPMorgan plans cut 3,000 more jobs this year

JPMorgan will also eliminate more jobs in its mortgage unit, reducing up to 7,000 positions in that part of the bank, compared with an earlier target of 6,000.

JPMorgan under US criminal probe on forex trade

The US Department of Justice has launched a criminal probe of JPMorgan Chase`s foreign exchange trading business, the bank disclosed Monday in a securities filing.