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Tag Archives: JPMorgan Chase & Co.

Bank earnings to reflect slowdown from 3Q turmoil

NEW YORK — Investors are bracing for a rough earnings season from banks. Turbulence in stock and bond markets, combined with waning confidence among business and consumers, hurt banks’ business in the third quarter. IPOs were shelved, companies postponed plans ...

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Bank of America layoffs to hurt Maryland

Bank of America’s plan to shrink its workforce by 10 percent over the next few years will almost certainly have significant effect on Maryland, given the bank’s presence and stature in the state, analysts said. Bank of America Corp., the ...

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Stocks inch higher, shaking off 4 weeks of losses

NEW YORK — It was another day of big swings in the Dow Jones industrial average, but at least Monday ended with a modest gain. The Dow soared 200 points in the morning, an encouraging start after four weeks of ...

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Allstate sues Goldman Sachs over toxic investments

Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and 2007, before the housing market collapse sent the investments’ value plunging. The insurer claims in a ...

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Regulator sues Goldman Sachs over risky mortgages

LOS ANGELES — The U.S. regulator of credit unions is suing Goldman Sachs & Co. for more than $491 million in damages over losses incurred by five failed wholesale credit unions that bought mortgage-backed securities from the investment bank. The ...

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Dunkin’ expects warm response from new investors

NEW YORK — Shares of Dunkin’ Donuts parent company are set to start trading Wednesday morning after pricing at $19 per share, more than the $16 to $18 range it predicted two weeks ago. Dunkin’ Brands Group Inc., which also ...

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JPMorgan to pay $153.6M to settle fraud charges

WASHINGTON — JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing. J.P. Morgan Securities, a division of the powerful ...

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