JPMorgan Chase and Company expects second-quarter revenue from bond and equity trading to decline by about 20 per cent from a year earlier, the biggest US bank by assets said.
The outlook is based on results so far this quarter wh
JPMorgan Chase & Company posted far weaker-than-expected quarterly profit as uncertainty about the US economy weighed on investor trading volumes and consumer borrowing.
Results from the first of the major Wall Street banks to
US banking giant JPMorgan Chase said it would eliminate 5,000 jobs from its global workforce this year.
JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presen
JPMorgan Chase & Company, the biggest US bank by assets, has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the US housing market.
The bank re
JPMorgan Chase & Co has reached a tentative $4 billion deal with the US Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold them during the hous
The agency that oversees mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York Times reported.
Ahli United Bank (AUB) has been awarded the Elite Quality Recognition Award 2011 by JPMorgan Chase, in recognition of the bank's superior and virtually error-free processing of funds transfers and treasury transactions.
This is the seventh
JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way - by shrinking less than its rival, said experts.
Both JPMorgan Chase and Ba
JPMorgan Chase & Company is hiring 100 corporate bankers outside the United States, in a bet that loan demand in the rest of the world will grow faster than in the bank's home base.
The bank is planning to add to the 200 international
Global stock underwriting proceeds have slipped nine per cent so far in 2010 as investors have proved less willing to take risks amid an uncertain economic recovery.
Proceeds from equity capital markets underwriting activity have fall