From Companies 10:29 pm
Bruno Iksil, the trader behind the $2-billion-and-counting loss at New York-based banking giant JPMorgan Chase and Co. (NYSE: JPM) that has been the talk of New York and Washington for the past few days, will be leaving the bank within the year, the New York Times' Dealbook blog reported Wednesday.
From Economy 9:51 pm
Federal Reserve policymakers seemed more likely Wednesday to recommend further monetary easing than just a month ago, as minutes of a Fed rate-setting panel detailed shaky faith in recent indicators of economic recovery.
From Companies 5:37 pm
A coalition of companies has joined Anglo-Dutch energy giant Royal Dutch Shell in an unprecedented, landmark joint-venture to exploit natural gas resources in Western Canada.
From Companies May 15
The U.S. Justice Department has launched an investigation of a huge trading loss incurred by JPMorgan Chase & Co. (NYSE: JPM), the Wall Street Journal said on Tuesday.
From Companies May 15
The annual shareholder's meeting Tuesday of JPMorgan Chase & Co. (NYSE: JPM), widely expected to feature fiery denunciations of leaders at the nation's biggest bank, could hardly have been quieter or more management-friendly.
From Economy May 15
U.S. business inventories rose in March at a slower pace than economists predicted, even as sales rallied, a datapoint that shows firms have not been as confident as economists and equity investors that the current economic recovery will proceed at a firm pace.
From Economy May 14
Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece might be a prelude to that country to leave the 17-member euro zone.
From Economy May 14
The almighty dollar was the investment of choice Monday morning, as international investors - in a classic flight to safety after various major news breaks last week - piled into greenback-denominated cash and cash equivalents.
From Companies May 11
Fitch Ratings on Friday downgraded JPMorgan Chase & Co. (NYSE: JPM), which just revealed at least $2 billion in losses on questionable trading. The downgrade came on the same day that a U.S. senator called for a Congressional probe of the giant bank and the head of the Securities and Exchange Commission confirmed that her agents are eyeing the money center's hedging activity.
From Companies May 11
JP Morgan Chase and Co. (NYSE: JPM) shocked the markets Thursday by announcing it would be booking mammoth losses in the range of $3 billion this quarter as a result of a hedged bet gone bad. But what exactly was that bet?.
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