Please ensure Javascript is enabled for purposes of website accessibility

JPMorgan Chase & Co.

Oct 10, 2011

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 to sell bonds, and acquisitions were put on ice. Consumers also held back on spending. […]

Sep 12, 2011

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 biggest U.S. lender by assets, will eliminate 30,000 jobs in the next few years as […]

Aug 22, 2011

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 losses. By noon that gain shriveled to just 2 points, then came a rise of […]

Aug 16, 2011

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 lawsuit filed in New York that the documents Goldman provided at the time “contained untrue […]

Aug 9, 2011

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 National Credit Union Administration filed the lawsuit on Tuesday in U.S. District Court in Los […]

Jul 27, 2011

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 owns the Baskin-Robbins ice cream chain, sold about 22.3 million shares. That means it raised […]

Jul 19, 2011

Goldman Sachs income jumps but still misses estimates

NEW YORK — Goldman Sachs’s earnings more than doubled in the second quarter, but a slump in its bond trading business kept its bottom-line results well below what analysts were expecting. The investment bank earned $1.05 billion in the three months ending in June, up from $453 million in the same period a year ago. […]

Jun 21, 2011

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 Wall Street bank, failed to inform investors that a hedge fund helped select the investment […]

Jun 9, 2011

Government faults 3 lenders over mortgage-aid efforts

WASHINGTON — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they’ve done little to help people at risk of losing their homes. The Treasury Department said Thursday that Wells Fargo, Bank of America and JPMorgan Chase & Co. have failed to help enough […]

Apr 4, 2011

Firms warning customers after huge email data breach

With the possible theft of millions of email addresses from an advertising company, several large companies have started warning customers to expect fraudulent emails that try to coax account login information from them. Companies behind such brands as Chase, Citi and Best Buy said over the weekend that hackers may have learned their email addresses […]

Mar 23, 2011

Fed rejects Bank of America’s dividend hike plan

NEW YORK — Bank of America said Wednesday the Federal Reserve has objected to its plan for raising its dividend in the second half of this year, a setback that suggests regulators need to see more evidence that the nation’s largest bank is strong enough to weather another recession. But the bank said in a […]

Mar 7, 2011

Attorneys argue merits of Tribune reorganization plans

WILMINGTON, Del.— Attorneys for Tribune Co. and a rival group of creditors argued the merits of their competing reorganization plans for the media conglomerate Monday before a Delaware bankruptcy judge who must decide whether either one passes muster. Judge Kevin Carey heard opening arguments in a scheduled two-week hearing that could determine the fate of […]

Networking Calendar

Submit an entry for the business calendar