JPMorgan Chase Related Content

WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet. read more

Federal Judge Dismisses Suit Alleging JPMorgan Ignored Madoff’s Scheme

Bloomberg reported that a federal judge dismissed a suit filed by investors, which alleged that JPMorgan Chase ignored the warning signs of the Bernard Madoff Ponzi scheme. read more

Seven Banks to Pay $324MM in Rate Rigging Case

Bloomberg reported seven banks have agreed to pay $324 million to settle claims they conspired to rig an interest rate benchmark used in the derivatives market. read more

JPMorgan Beats Expectations, But Oil & Gas Charges Hurt Performance

JPMorgan reported Q1/16 net income of $5.5 billion was down 7% from Q1/15 on revenue of $24.1 billion, down from $24.8 billion a year earlier. EPS of $1.35 exceeded analysts’ expectations, but provision charges on Oil and Gas related investments hurt performance. read more

JPM: U.S. Businesses Optimistic on Growth; Uncertain About Economy

According to the results from the 2016 JPMorgan Chase Business Leaders Outlook report, U.S. businesses are optimistic for growth but uncertain about the national and global economies. read more

JPMorgan Appoints Former Obama Advisor to Lead Fintech Strategy

Quartz reported that Seth Wheeler, a former economic advisor to President Obama, joined JPMorgan Chase as a managing director leading fintech and innovation strategy. read more

London Whale’s Letter to Bloomberg: Losses Not His Fault

Bruno Iksil, a former JPMorgan Chase trader better known as the “London Whale,” sent a letter to Bloomberg stating that he is not responsible for the losses suffered in the scandal. read more

JPMorgan Reports Record FY Earnings, Notes Oil/Gas Related Reserves

JPMorgan Chase reported full-year net income was a record $24.4 billion on revenue of $96.6 billion. The bank noted reserve increases in the Oil & Gas portfolio of $124 million. read more

Reuters: Prime Rates Rise Following Fed Rate Hike

Reuters reported that major U.S. banks raised their prime rates for the first time since 2006 following a rate hike from the Federal Reserve. read more

Bloomberg: JPMorgan Chase Partners With On Deck Online Lender

Bloomberg reported JPMorgan Chase is teaming up with On Deck to provide small-dollar loans to small businesses. The product will carry the Chase brand and is expected to be launched in a pilot program next year. read more

JPMorgan Q3 Earnings Helped by $2.2B Tax Benefit

JPMorgan Chase reported Q3/15 net income of $6.8 billion, up 22% compared to $5.6 billion a year earlier. The bank noted a one-time tax benefit of $2.2 billion was included in the results. read more

Reuters: JPMorgan to Face ‘London Whale’ Class Action

Reuters reported JPMorgan Chase shareholders won court permission to pursue their secuuities fraud lawsuit against the bank of the “London Whale” trading scandal as a class action. read more

SunTrust Provides IronPlanet With New $55MM Debt Financing

IronPlanet said it closed a new $55 million senior secured credit facility with a syndicate of lenders led by SunTrust Bank as administrative agent. read more

JPMorgan, Simpson Sued Over GM Loan Mistake

Bloomberg reported that one of the participants in a $1.5 billion term loan that JPMorgan Chase made to GM before its bankruptcy is now suing the bank and its lawyers at Simpson Thacher & Bartlett. read more

JPMorgan Beats the Street on Lower Expenses

JPMorgan Chase reported Q2/15 earnings of $6.3 billion, up from $6 billion in Q2/14 despite a drop in net revenue of $806 million. Earnings per share of 1.54 exceeded analysts’ expectations of $1.44 EPS. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.