Judge dismisses WaMu employees' lawsuit against JPMorgan Chase over retirement account lossesOctober 7th, 2009 WaMu employees' lawsuit against JPMorgan dismissedSEATTLE — An attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co., part of a complex tangle of litigation stemming from WaMu's collapse last year, has been dismissed.
Outside consulting firm gives Citigroup management overall good review, WSJ saysOctober 7th, 2009 Firm gives Citi execs good marks, report saysNEW YORK — An independent consulting firm has given Citigroup Inc.'s management team a good review, but the embattled bank could see more changes among its top ranks, The Wall Street Journal reported Wednesday. Requested by the U.S.
Bill Winters, JP Morgan replaced by Jes Staley as CEOSeptember 29th, 2009 Jes Staley is the new chief executive of JP Morgan Chase's investment banking unit replacing Bill Winters who has been the unit's co-chief executive for the last five years. JP Morgan announced a series of top management changes in a press release Tuesday which included this change as well as some other significant changes.
J.P.Morgan sells unit to top Canadian bankSeptember 29th, 2009 TORONTO - The Royal Bank of Canada, which is the country's top bank, Tuesday acquired J.P. Morgan's Investment Advisor Servicing Business.
Textron unit names picks for chief innovative officer and chief technology officerAugust 27th, 2009 Textron Systems names 2 executive postsWILMINGTON, Mass. — A unit of industrial conglomerate Textron Inc.
Chase introduces new Chase Sapphire credit card for top-earning customersAugust 19th, 2009 Chase introduces new card for wealthiest customersWILMINGTON, Del. — Chase Card Services, a unit of JPMorgan Chase & Co., said Wednesday it will now offer a rewards card designed for wealthy customers.
Rate of losses on JPMorgan Chase credit cards declines in July, delinquencies improveAugust 17th, 2009 JPMorgan Chase credit card losses down in JulyNEW YORK — JPMorgan Chase & Co. said Monday that the rate of losses on its credit card loans eased up in July.
Chase finishes converting 694 former Washington Mutual branches in 7 statesJuly 31st, 2009 Chase links 694 ex-WaMu branches in 7 statesNEW YORK — JPMorgan Chase & Co. said Friday it has converted former Washington Mutual branches in seven states to Chase systems and is on track to finish absorbing WaMu by year's end.
Banks turn in hefty profits, but industry still has big problemsJuly 17th, 2009 Bank profits not as impressive as they seemNEW YORK — The big banks are making big money again, but they won't be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive numbers included a $3 billion second-quarter profit announced Friday by Citigroup and $2.4 billion for Bank of America.
JPMorgan Chase posts 2nd-quarter profit of $2.72 billion helped by investment banking businessJuly 16th, 2009 JPMorgan 2Q profit jumps 36 pct, topping forecastsCHARLOTTE, N.C. — JPMorgan Chase & Co.
SEC probing Regions Financial investment unit and 3 staffers on mutual funds, filing saysJuly 15th, 2009 Regions Financial unit gets Wells noticesNEW YORK — Regions Financial Corp. says its investment banking subsidiary and three employees received notice from the Securities and Exchange Commission that the regulator is investigating possible violations of federal securities laws.
Citigroup shuffles executives, former chief financial officer Crittenden leaving the bankJuly 9th, 2009 Citigroup shuffles executives, former CFO leavingNEW YORK — Citigroup Inc. shuffled its top management again Thursday, naming its third chief financial officer of the year and bringing in a new head of its Citibank division as it returns its focus to traditional banking.
Chase approves 138,000 trial mortgage modifications in the past three monthsJune 30th, 2009 Chase: 138k mortgages modified in past 3 monthsNEW YORK — Chase said Tuesday it has approved 138,000 trial mortgage modifications for struggling homeowners in the past three months. The company started processing the modifications April 6, as part of President Obama's Making Home Affordable program.
JPMorgan Chase joins Morgan Stanley, US Bancorp, BB&T in paying back TARP fundsJune 17th, 2009 JPMorgan Chase pays back $25 billion in TARP fundsNEW YORK — JPMorgan Chase & Co. on Wednesday joined a handful of other banks in repaying government bailout funds it received last fall.
JPMorgan Chase seeks to raise $5 billion in bid to repay government's TARP programJune 1st, 2009 JPMorgan Chase to raise $5 billion to repay TARPNEW YORK — JPMorgan Chase & Co. said Monday it plans to raise $5 billion through a common stock offering as it seeks to repay the $25 billion that the bank was awarded in the government's troubled asset relief program.