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JPMorgan Chase shares jump despite lower earnings

Last Updated: Wednesday, July 16, 2014, 08:28

JPMorgan, the biggest US bank by assets, said second-quarter earnings slid 7.9 percent from the year-ago period to $5.99 billion

US Justice Department preparing to sue Citigroup

Last Updated: Saturday, June 14, 2014, 09:29

Spokesmen in New York for Citigroup didn't immediately return calls seeking comment on Friday.

BofA could pay at least $12 bn to settle US probes: Report

Last Updated: Friday, June 06, 2014, 08:10

Bank of America Corp could pay more than USD 12 billion to settle probes by the US Justice Department and a number of states into the bank`s alleged handling of shoddy mortgages, the Wall Street Journal said,.

S&P 500 falls shy of a record, breaks four days of gains

Last Updated: Thursday, May 29, 2014, 04:19

The S&P 500 snapped a four-session winning streak on Wednesday to end just shy of a third straight record closing high.

Goldman Sachs fears risks if rivals plead guilty

Last Updated: Sunday, May 18, 2014, 09:21

The head of US bank Goldman Sachs has warned that guilty pleas from rivals BNP Paribas and Credit Suisse, under legal proceedings in the United States, could hurt the financial system.

Citigroup profits up 3.5% on lower costs, improved credit

Last Updated: Monday, April 14, 2014, 18:47

Citigroup reported slightly higher quarterly earnings on Monday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and trading.

Citigroup cuts 200-300 jobs: Report

Last Updated: Monday, April 14, 2014, 18:11

US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.

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 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 profit beats estimates on lower costs, provisions

Last Updated: Tuesday, January 14, 2014, 20:12

JPMorgan Chase & Co reported a better-than-expected adjusted quarterly profit as the biggest US bank kept a lid on costs and set aside less money to cover bad loans.

Copper and oil slide, world equities dip

Last Updated: Saturday, January 04, 2014, 04:52

Copper futures dropped on Friday on concerns over Chinese growth and as the U.S. dollar strengthened, while crude oil extended recent losses and a global gauge of equities drifted lower.

Bloodless bank heist impressed cybercrime experts

Last Updated: Saturday, May 11, 2013, 21:06

Bloodless bank heist netted more than USD 45 million left cybercrime experts impressed by technical sophistication, if not virtue, of con artists who pulled off internationally organised attack.