Entries tagged "JP Morgan "

More pain at UBS as markets finish divided

The Dow finished down 34.01, or .40%, at 8,438.39, and the Nasdaq inched up 8.68, or 0.47%, to 1,838.22.

Finance Layoffs: Lloyds to cut 1,660 jobs

The latest layoff rumors and reports are at Lloyds Banking Group and law firm Dorsey & Whitney.

Maybe TARP worked after all?

Looks like the much maligned bailout served its purpose of averting a meltdown of the banking system while confidence slowly returned.

Banks want to play both sides of PPIP

Banks are lobbying hard to be both buyers and sellers in Treasury's PPIP.

Finance Layoffs: Swiss Re, BofA and more

More bad news for bankers Thursday morning as more layoffs are reported to be going underway at Swiss Re (SWCEY.PK), Bank of America Corp. (NYSE:BAC) and Goldman Sachs (NYSE:GS).

J.P. Morgan: The WaMu zombie slayer

J.P. Morgan is suing Washington Mutual and urging a federal bankruptcy court not to interfere with its September purchase of the thrift's banking operations.

Spitzer: The GS, BofA and JPM conspiracy theory

Former New York Attorney General and Governor Eliot Spitzer says the bigger scandal is the billions financial firms received through AIG.

Derivatives losses for 5 U.S. banks total $1.2T

Five of the U.S.'s biggest banks CDS current risks and potential future losses from derivatives could surpass $1.2 trillion, according to a McClatchy article.

Bank Watch: BofA's credit rating lowered

The Dow climbed 129.59 points to 6,855.61, the S&P 500 gained 13.31 points to 709.64, and the Nasdaq climbed 31.20 points to 1,352.21. Financial stocks were mixed.

Bank Watch: BofA drops below $5 again

The Dow rose 45.40 points to 7,598.00, the S&P 500 gained 4.17 points to 793.34, and the Nasdaq picked up 11.75 points to 1,482.41. Bank stocks were mixed.

Bank Watch: Wells Fargo losses increase

The markets were mixed Friday afternoon. The Dow slipped 4.62 points to 7,928.14, the S&P 500 was up 0.22 points at 835.41, and the Nasdaq gained 4.91 points to 1,546.62.

Bank Watch: Will J.P. Morgan pay TARP back first?

The Dow dropeed 385.66 points to 7,885.21, the S&P 500 decreased 43.15 points to 826.74 and the Nasdaq fell 64.97 points to 1,526.59. Overall financial stocks took a nosedive.

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