JPMorgan

When the House of Morgan speaks, people listen. There are very few banks that carry an aurora of royalty like that of JPMorgan. Unlike our brethren in Europe or Asia, long historical banks or families simply do not exist in our nation’s short history. The life of American financier, bankers, and art [...]Related Posts:■Bank Failure: IndyMac Bank. Lessons from the Great Depression Part

JPMorgan Chase & Co. reported quarter two earnings of 54 cents per share a massive 53 percent drop over the same quarter a year prior of $1.20. The bank took provisional losses of nearly $3.5 billion for credit losses. The quarters results of $2 billion also includes $540 million in losses related to its Bear Stearns acquisition.

ARLINGTON (Virginia) - JPMORGAN Chase Chief Executive Jamie Dimon said some problems in the credit markets have been resolved, but that does not mean market conditions will not deteriorate further.'I do think we have some very serious issues to face,' Mr Dimon said on Tuesday at a mortgage lending forum sponsored by the Federal Deposit Insurance. 'Things could actually get worse.'Wall Street inves

JPMorgan and the Asian Development Bank (ADB) announced Monday they have entered a risk-sharing agreement that will enhance support for international trade in developing countries in Asia, including Viet Nam. An ADB statement says the risk participation agreement initiative, which falls under the umbrella of the bank’s Trade Finance Facilitation Program, will expand trade finance facilities to

BIDV and JPMorgan held an extensive meeting with Prime Minister Dung to discuss the current financial and economic situation in Viet Nam. In the meeting, the PM made the following points: Viet Nam has no plans to devalue the Vietnamese Dong (VND). Looking at the balance of payments and the country’s overall economic... [[ This is a content summary only. Visit my website for full links, other c

David Fernandez, head of emerging markets research at JPMorgan Chase & Co. in Singapore, comments on Vietnamese stocks. Fernandez spoke in a Bloomberg Television interview today. The VN Index, a measure of 151 companies on the Ho Chi Minh City Stock Exchange, fell 1.61% to 373 today, the lowest since Feb. 23, 2006.... [[ This is a content summary only. Visit my website for full links, other cont

Reuters JPMorgan Chase & Co.'s (JPM.N: Quote, Profile, Research) Boston-based fund services group, one of the industry's biggest, will add more than 300 new jobs in the next five years, the company said on Tuesday. The new jobs will be created to meet customers' growing demands as the unit, which has roughly $4.7 trillion in assets under administration worldwide, expects to see a 40 percent

A majority of Bear Stearns shareholders approved a buyout of the company for about $10 per share by J.P. Morgan Chase & Co. at a brief meeting of shareholders at the Bear Stearns Headquarters in midtown Manhattan. The approval was a foregone conclusion since JP Morgan had already purchased 49.5% of Bear stock. Background on the deal midwifed by the Federal Reserve here, here and here. While t

Courtesy of Johnlaw2012 from CNA forumThe Highly Suspicious Out-of-the-Money Puts That was one of many questions raised by John Olagues, an authority on stock options, in a March 23 article boldly titled “Bear Stearns Buy-out . . . 100% Fraud.” Olagues maintains that the Bear Stearns collapse was artificially created to allow JPMorgan to be paid $55 billion of taxpayer money to cover its own i

Courtesy of Johnlaw2012 from CNA forumThe Highly Suspicious Out-of-the-Money Puts That was one of many questions raised by John Olagues, an authority on stock options, in a March 23 article boldly titled “Bear Stearns Buy-out . . . 100% Fraud.” Olagues maintains that the Bear Stearns collapse was artificially created to allow JPMorgan to be paid $55 billion of taxpayer money to cover its own i

JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning. "Even if the capital markets crisis resolves, it does not mean that this country will not go into a bad recession," said CEO James Dimon, whose bank saw its first-quarter profit fall by half due to the recent colla

NEW YORK - JPMORGAN Chase could cut as many as 4,000 of its own employees worldwide as the bank prepares to take on staff from Bear Stearns at the same time it deals with turmoil in financial markets, people familiar with the situation said. In addition to roughly 2,000 JPMorgan employees who will be replaced by counterparts acquired through its takeover of Bear Stearns, the sources said that an a

JPMorgan chief warns of long, deep US recession(NEW YORK) JPMorgan Chase & Co chairman and chief executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the US economy could still face a deep and extended recession.The slump in mortgage and corporate loan markets could bottom out this year, said Mr Dimon, whose bank has largely side-stepped

JPMorgan's CEO James Dimon stated Monday that he believes that even though the credit problems in the U.S. appear to be nearly three-quarters of the way over, the recession in the U.S. is just starting. He is unsure rather the recession will be mild or severe; however, he stated the bank is forecasting conditions similar to 1982 much worse then in 2001 and 1990. He also said that despite the mas

Jamie Dimon, CEO of JPMorgan Chase & Co., shared some good and bad news with attendees at a conference in New York City today. The good news? Dimon believed the credit crisis was three-quarters over. And the bad? The head of the global financial services firm warned: Even if the capital markets [...]

FRANKFURT - JPMorgan Chase & Co does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday."We can only speculate how deep and how long the recession in the United States will really be and how that in turn will impact banks," James : report told "Welt am Sonntag.""But we are not done with the crisis for a long time," Dimon said, adding that it was not the company's job to make bets on the future."Imagine we would need to walk up to our shareholders one day and say, sorry but the recession in the USA is so bad, we're broke. We need to be able to rule out at all times that it will not come to that," Dimon said.JPMorgan said last month it was on the lookout for regional banks to take over bu

Viet Nam’s accelerating inflation may hurt the country’s export growth, JPMorgan Chase & Co. said, as authorities allow the currency to weaken in a bid to boost shipments. The Southeast Asian nation’s inflation rate rose to 19.4% year-on-year in March, the highest since 1995, driven by surging food prices. The State Bank of Viet Nam allowed the Vietnamese dong to rise in March to as strong as

Among the companies whose shares are expected to see active trade in Wednesday’s session are Intel Corp. (INTC), Merrill Lynch & Co. (MER), JPMorgan Chase & Co. (JPM) and Washington Mutual Inc. (WM). Intel Corp. (INTC) posted a 12% drop in first-quarter profit, but indicated that healthy demand for its widely used microprocessors is offsetting recent problems in memory chips. [...]

Jobs at JPMorganchase throught the year. Vacancies in JPMorgan(Mumbai). Hi Friends, If you are a graduate and looking for a job in one of the worlds biggest financial institution than here's your chance. The candidate should meet below eligibility criteria: JUST call me at NO :9819670203.IF U DO NOT MATCH BELOW CRITERIA THEN DO NOT CALL PLEASE. Company: JPMorganchase Qualification:B.com/BMS/

A slightly lower profile JP Morgan acquisition was announced yesterday. The investment bank will buy Climate Care over the next few months in the first outright acquisition of an offset project developer. Climate Care will retain its brand and its main business will continue to be financing and packaging offset projects in the developing world. Climate [...]

George Mathewson, CEO of Toscafund, an affiliate under Scotland’s Royal Bank told Vietnamese mass media Mar 23 that Toscafund is truly interested in initial public offerings of Viet Nam’s state-owned banks and commercial joint stock banks. Toscafund said that it is working with several banks in Viet Nam to seek... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

From Bloomberg: JPMorgan Chase & Co. agreed to quadruple its offer for Bear Stearns Cos. in an effort to overcome opposition from the shareholders of the crippled securities firm. Bear Stearns stock almost doubled.So those who bought BSC when it was trading at USD 2 something has made a 4 times profit!

Andrew Ross Sorkin, New York Times - Under the terms being discussed, JPMorgan would pay $10 a share in stock for Bear, up from its initial offer of $2 a share — a figure that represented a mere one-fifteenth of Bear’s going market price. The Fed, which must approve any new deal, was balking at the new offer price on Sunday night after several days of frantic, secret negotiations...Bear’s board

JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates… UPDATE: I know I posted JP Stearns new logo HERE before, but now I’m getting word it’s being redone [...]

Let's face it. The $236 million sale of Bear Stearns at $2 per share to JPMorgan is a sham. Senior Executives, with stakes of over $100 million even at the reduced pre-sale market price of Bear shares, saw their life savings go up in smoke. So did the former James E. Cayne, the former Chief Executive, who holds 5.8 million shares which are now valued at $28 million, considering the current market

Investor confidence continued to go lower Monday after news hit that JPMorgan would be acquiring Bear Stearns at a huge discount of only $2 a share. Shares of Bear Stearns sunk over 80 percent following the announcement. JPMorgan stated that it plans to cut more half of Bear's 14,000 employees.

Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.’s government-backed buyout of the stricken investment bank Bear Stearns Cos.The Dow Jones industrials recovered from an initial drop of nearly 200 points to finish up about 21 points. The broader Standard & Poor’s 500 and Nasdaq composite indexes [...]

JPMorgan Chase & Co bought stricken rival Bear Stearns for a rock-bottom price while the US Federal Reserve set an emergency interest rate cut and opened direct lending to Wall Street. The shock news, the biggest sign yet of how devastating the credit crisis is for Wall Street, slammed the US dollar to a new record [...]

In a major development going on in the USA,the fifth largest  Investment bank Bear Sterns is on sell for a mere $2 per share, or $232.6 million. and the company is being bought by another major investment bank called JPMorgan. This stunning last minute decision is being taken by the board of Bear Stearns [...]

AT A GLANCE: JPMorgan Chase To Buy Bear Stearns -2- Last Update: 3/16/2008 11:03:46 PM THE NEWS: Investor confidence in the global financial system took yet another beating after JPMorgan Chase & Co. (JPM) agreed to buy Bear Stearns Cos. (BSC) at a massive discount and the Federal Reserve stepped in with an emergency discount rate cut. The Fed seems [...]

Forget $15 or $20. They’re only willing to pay $2 per share! Bear Stearns is now a penny stock. From this AP story All I can say is wow, if the situation is really this bad, Lehman is done for, along with many other peddlers, too. This could get uglyyyyyyyyy UPDATE: The Fed just cut 25 basis [...]

Bear Stearns Cos., one of the most venerable names on Wall Street, turned to a rival bank and the federal government for a last-minute bailout Friday to prevent it from collapsing.The Federal Reserve responded swiftly to pleas from Bear Stearns that its coffers had “significantly deteriorated” within a 24-hour period as rumors about the bank’s [...]

On Saturday, Reuters reported that Wall Street banks may be subject to a “systemic margin call” that might deplete the financial institutions of $325 billion of capital, as subprime mortgages continue to deteriorate, JPMorgan Chase & Co. said in a report late Friday. After Thornburg Mortgage Inc. received a default notice after the lender [...]

JPMorgan (NYSE: JPM) has lowered its U.S. economic targets for 2008. The firm lowered US GDP growth outlook to +0.9% from a prior +2.1%. This call implies that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

JPMorgan issued a warning Friday stating that quarter one losses on home equity could reach $450 million. The bank also expects that total bad debt write offs to double from that number by the end of the fourth quarter.

Hi Friends, JUST SMS your e-mail ID to my cell no: 9819670203 and you will receive a mail or a call for job. If you are a graduate and looking for a job in one of the worlds biggest financial institution than here's your chance. The candidate should meet below eligibility criteria: Company: JPMorganchase Qualification:B.com/BMS/B.A/M.com/C.A.Inter or any other graduate. Communication

Wed Oct 17, 2007NEW YORK (Reuters) - JPMorgan Chase & Co Inc (JPM.N: Quote, Profile, Research) on Wednesday said it expects significantly higher losses on home equity loans amid slumping U.S. housing prices and escalating mortgage payment delinquencies.JPMorgan Chief Financial Officer Mike Cavanagh said quarterly losses on home equity loans could climb as high as $270 million. That's higher than the company's previous quarterly estimate of $150 million to $160 millionCavanagh, who made his remarks on a conference call, said the losses have forced the company to set aside more money for losses.JPMorgan has responded to higher losses by tightening underwriting standards on loans."I think it's the sixth time in the course of the recent quarters of tightening up of underwriting standards across the consumer lending books," Cavanagh said.source : http://www.reuters.com/article/fundsFundsNews/idUSWEN172920071017

JPMorgan Chase & Co. (NYSE: JPM - News) today reported 2007 third-quarter net income of $3.4 billion, up from $3.3 billion in the third quarter of 2006. Earnings per share of $0.97 were up 5%, compared with $0.92 per share in the third quarter of 2006.Commenting on the quarter, Jamie Dimon, Chairman and Chief Executive Officer, said, "Our firm performed well overall in the third quarter, despite challenging credit and market conditions. Asset Management and Treasury & Securities Services delivered record earnings, Card Services and Commercial Banking produced double-digit earnings growth, and Private Equity posted another quarter of strong gains. Investment banking is a volatile business, and while we would typically expect lower earnings in the Investment Bank during a difficult market environment, such as this one, we still believe that our performance could have been a bit better. Finally, Retail Financial Services had good revenue growth while further strengthening its rese

by Saijel KishanRobert Flicker, JPMorgan Chase & Co.'s chief operating officer for U.S. energy, and three other traders left the bank, a week after the head of global energy trading departed. Trevor Woods, chosen in February to head U.S. natural gas and power trading, left earlier this week. Gas traders Chris Malone and Brendan Connellan also resigned. The departures were confirmed by e-mail today by Brian Marchiony, a spokesman for New York-based JPMorgan. He declined to comment further. George ``Beau'' Taylor, the former head of JPMorgan's global energy business, left last week after two years with the bank. He was replaced by Catherine Flax, head of commodity sales, and Ray Eyles, head of metals. JPMorgan, the third-biggest U.S. bank, has said it plans to hire more energy traders in Europe and Asia. Energy initiatives will add $100 million to $160 million in annual earnings as early as this year, William Winters, the co-head

by Saijel Kishan Robert Flicker, JPMorgan Chase & Co.'s chief operating officer for U.S. energy, and three other traders left the bank, a week after the head of global energy trading departed. Trevor Woods, chosen in February to head U.S. natural gas and power trading, left earlier this week. Gas traders Chris Malone and Brendan Connellan also resigned. The departures were

Bộ trưởng Tài chính Vũ Văn Ninh hoan nghênh sự đầu tư thành công của ngân hàng JPMorgan (Mỹ) tại Việt Nam và đánh giá cao sự quan tâm của ngân hàng tới Việt Nam thông qua việc công bố báo cáo đầu tiên phân tích toàn diện về thị trường tài chính Việt Nam cho đông đảo giới đầu tư trên toàn cầu. Tại cuộc gặp Tổng giám đốc ngân hàng JPMorgan Mueen Uddeen mới đây, Bộ trưởng Vũ Văn Ninh nhấn mạnh thị trường vốn Việt Nam đang phát triển mạnh, nhưng vẫn rất cần sự quan tâm, chia sẻ kinh nghiệm của các tổ chức quốc tế để có thể đề ra những chính sách phù hợp, giúp thị trường phát triển lành mạnh. JPMorgan là một trong những ngân hàng đầu tư hàng đầu thế giới, có chi nhánh ở trên 50 quốc gia./.

JPMorgan Chase & Co., the third- biggest U.S. bank, recommends investors buy the Indonesian rupiah and sell the yen to take advantage of the difference in interest rates in the two countries.The rupiah will climb 3.7 percent to 72 per yen by the yearend as investors borrow in Japan to buy Indonesian assets, in what is known as a carry trade, JPMorgan predicts. Indonesia's benchmark rate of 9.5 percent is the highest among the 10 biggest countries in Asia-Pacific. Japan's key borrowing cost is 0.25 percent, the lowest among major economies.