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Entries tagged "JPMorgan"KfW is world's safest bank, Germany's 'dumbest'According to a Global Finance analysis of the "World's 50 Safest Banks," the world's safest is Germany's largest state-owned bank, KfW, but a few American firms made the grade too. Roche's Henziker says Genentech acquisition is on trackRoche Holding AG's CFO Erich Hunziker said at the J.P. Morgan Chase & Co. conference that everything is right on track with the Genentech Inc. acquisition. And what about the delay of six months? ... J.P. Morgan show: Healthcare deals on the tableThe 27th J.P. Morgan healthcare conference kicks off Monday morning in San Francisco, one of the industry's top dealmaking venues of the year centered in and, for the multitude of parties and meetings, around the city's storied St. Francis hotel (pictured). ... Bank Watch: Banks down as analysts cut profit estimatesStocks started out low on Monday. The Dow was down 56.63 at 8,978.06, the S&P 500 fell 3.84 to 927.96, and the Nasdaq decreased 12.31 to 1,619.90. Bank stocks were mostly down amid profit cut loss forecasts made by analyst Mike Mayo at Deutsche Bank AG and concern that the U.S. economy could be in worse shape heading into 2010.... AIG could soon announce more asset salesIt looks like American International Group Inc. will be selling more assets off soon so that it can start paying off its $150 billion government bailout. AIG made its first asset sale Dec. 1, 2008, agreeing to sell a Swiss private bank to Aabar Investments PJSC for Sfr407 million ($336 million). AIG also sold its interest in natural gas marketer Tenaska Marketing Ventures, Tenaska Gas Storage and Tenaska Marketing Canada to Tenaska Inc. for an undisclosed amount in a sale expected to close on Jan. 2. Looking ahead, the next asset sales to be announced could be any of the... J.P. Morgan's Rivas: 'TARP is going to help deals get done'J.P. Morgan Chase & Co.'s managing director Fernando Rivas said at the Securities Industry and Financial Markets Association's Summit on the Troubled Asset Relief Program Monday that the TARP program will help increase the amount of completed deals."TARP won't change strategy," Rivas commented. "The important thing to note is that a lot of the bigger deals happened before TARP." ... Bank Watch: Sliding stocksStocks opened lower on Wednesday post-elections with banks taking a hit. The Dow was down 80.76 points at 9,544.52, the S&P 500 was down 5.25 points at 1,000.50, and the Nasdaq was down 16.03 points at 1,764.09. ... Bear Stearns layoffs beginAfter weeks of anxiety-ridden anticipation, the Bear Stearns Cos. layoffs begin. As J.P. Morgan Chase & Co. completes its $10 a share takeover of the bank, the employees at Bear Stearns have started receiving letters that notify them if they will remain employed, reports Reuters.... Roll Call: April 1, 2008Here are all of the April Fools' Day stories and funny tidbits you need to know about.ZellCoMediaEnterprises Inc. changes its name, sells rights to the Tribune tower and unveils an edible ink and licorice printing system.TechCrunch is suing Facebook Inc. for $25 million.Sir Richard Branson announces a joint venture between the Virgin Group and Google Inc. in Virgle, Google's blog, to create, "the establishment of a permanent human settlement on Mars." J.P. Morgan Chase & Co. acquires Bear Stearns Cos. in a tedious-to-read news article in The Onion. We wish this New York Times story was a joke. Woody Allen... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "JPMorgan." 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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