Topic: JPMorgan Chase & Co.

G20 names 29 banks for capital surcharge, recovery plan

CANNES, France (Reuters) - Twenty-nine banks were named on Friday as being so important to the global financial system that they are likely to need to hold more capital than rivals and must put in place a plan to allow them to ...

JPMorgan CEO Dimon's pay jumped to $20.8 million in 2010

NEW YORK (Reuters) - After piloting the No. 2 U.S. bank through the financial crisis, JPMorgan Chase & Co Chief Executive Officer Jamie Dimon is now being rewarded.Dimon saw his total compensation jump nearly 1,500 percent to $20.8 million in 2010 from ...
At Federated, we're still optimistic on equities. You had three very large sectors of the U.S. economy all simultaneously threatened with some sort of regulatory overhaul. I'm referring to energy with cap and trade and the Gulf oil crisis, health care with ...
The nation's largest banks must undergo new stress tests to show they can weather another recession, and the Federal Reserve said those that pass them can boost dividends paid to investors.. The Fed oversees Wall Street's biggest banks, including Citigroup, Bank of ...

Will TARP Fix The Financial System?

These assets, which were held by many Wall Street firms (many of which had 'AAA' ratings upon their issuance), went down in value right along with the value of the real estate market. Making History The events of September 2008 were of ...
Bank of America (BAC) announced they are halting foreclosure in 50 states because of potential flaws in foreclosure documents. But its not just Bank of America that is halting foreclosures. In addition to PNC and Bank of America, Ally Financial's GMAC Mortgage ...

Do Bankers Deserve Bonuses?

Just one month after returning the federal government's bailout money, Goldman Sachs and JPMorgan Chase posted record second-quarter profits this week, earning 3.4 billion and 2.7 billion, respectively. For example, Goldman Sachs, which took 10 billion in TARP funds, has alreadyA set ...
A day after investors expressed displeasure with the Treasury Department's broad outline of a bank bailout, Wall Street remained focused on Washington, as the House Financial Services Committee brought in chief executives from the nation's top banks to defend their firms' use ...
A day before the Senate is expected to set a final vote on financial regulatory reform, bankers complained bitterly about the bill's unintended consequences.. Morgan Stanley and JPMorgan are hiring brokers for their private client divisions, for example, notes CreditSights analyst David ...

Financial Reform: Ho Hum

Perhaps the most benign statement about the passage of the United States financial reform bill passed by the House of Representatives last week, and whose passage is pending in the Senate, comes from Richard Bove, banking analyst at Rochdale Securities. Sure, the ...
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