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By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
Independent voices from the The Washington Times Communities
Topic - Jpmorgan Chase & Co.
JPMorgan Chase & Co. says it has reached a $4.5 billion settlement with investors over mortgage-backed securities.
Mortgage giant Fannie Mae has filed a lawsuit against nine banks for allegedly manipulating the London interbank offered rate (Libor) that is used to set global interest rates on such financial products as mortgages and credit cards.
JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted "recklessly" during a series of London trades that ultimately cost the bank $6 billion.
PMorgan Chase & Co. has agreed to pay a $100 million penalty and has admitted that its traders acted "recklessly" during a series of London trades that ultimately cost the bank $6 billion.
Investment banking giant JPMorgan Chase said Thursday it has sold all of its exposure to short-term U.S. government debt out of its money market funds, following a similar move by other money market mutual fund managers.
PMorgan Chase & Co. is paying $920 million in penalties and admitting wrongdoing over a $6 billion trading loss last year that tarnished the bank's reputation.
The stock market is rising Monday, ahead of the start of earnings season and on increasing confidence that the economy can support profit growth for U.S. companies.
The stock market rose Thursday after a pair of lackluster economic reports convinced traders that the U.S. central bank will continue to boost the economy with its stimulus program.
JPMorgan Chase is trimming expenses by $1 billion and cutting 1.5 percent of its workforce, company executives announced Tuesday
Passing another milestone on the nation's long journey back from the Great Recession, the Standard and Poor's 500 index closed above 1,500 for the first time in more than five years Friday after a wave of good earnings reports.
Consumer advocates have complained that the nation's mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many homeowners after the collapse of the housing bubble.
America's best-known banker is getting a big pay cut. JPMorgan Chase said Wednesday that it will dock the pay of CEO Jamie Dimon by more than half, to $11.5 million from $23 million.
More problems for Boeing's 787 sent the aircraft maker's stock down sharply Wednesday, dragging the Dow Jones industrial average lower.
Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank following a report that demand for the iPhone 5 may be weaker than expected. The Dow Jones industrial average edged higher.
JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion.