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Entries tagged "JPMorgan Chase "J.P. Morgan's Dimon on CIT bankruptcyJ.P. Morgan Chase's Jamie Dimon says his firm won't take much of a hit if and when CIT Group files for bankruptcy. Obama resemblance pays for ex-Morgan stafferAn uncanny resemblance to the president is helping a former J.P. Morgan employee, Michael Lamar, find work in the banking sector. Barclays to buy Bear WagnerBarclays Capital's agreement to acquire the former Bear Stearns business on the cheap illustrates how the rise of electronic trading has devalued designated market makers. Bank Watch: Whitney puts banks on life supportThe market opened up Wednesday as Capitol Hill reached a tentative agreement to bail out the auto industry. The Dow advanced 72.16 points to 8,763.49, the S&P 500 increased 6.66 points to 895.33, and the Nasdaq was up 3.82 points at 1,551. But bank stocks remained mixed. ... Bank Watch: Wachovia execs get big bonuses; J.P. Morgan and Morgan Stanley prepare offeringsStocks rallied on news that the Federal Reserve will create a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy consumer debt securities. The Dow was up 93.66 points at 8,537.05, the S&P 500 climbed by 10.98 points to 862.79, but the Nasdaq was down 0.19 points at 1,471.83. Most of the financial stocks remained in the green on Tuesday morning.... J.P. Morgan's profit falls off a cliffBad news for J.P. Morgan Chase & Co. The bank reported that its quarterly profit fell 84%, ravaged by markdowns on underperforming home lending loans. Net income came in at only $527 million, a far cry from the $3.37 billion in the year-ago quarter. ... Roll Call: April 3, 2008Here are some other rumors making the news Thursday. Google Inc. puts a DoubleClick Inc. unit on block, according to The Deal's Tech Confidential.Jamie Dimon, CEO of J.P. Morgan Chase & Co., said he would not have offered to buy Bear Stearns Cos. if the Federal Reserve had not lent a hand, Reuters reports.News Corp.'s MySpace is announcing a music service joint venture with several big entertainment companies. PaidContent and Silicon Alley Insider have the details. Craigslist will rake in $81 million in revenue in 2008, according to a report in Classified Intelligence, and Silicon Alley Insider reports the valuation... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "JPMorgan Chase ." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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