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Tag Archives: wall street

JPMorgan pays $920M, admits fault in trading loss

WASHINGTON — JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks. U.S. and U.K. regulators said ...

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22 firms paying $14.4M to settle SEC charges

WASHINGTON — Twenty-two investment firms are paying a total of $14.4 million to settle federal charges of improperly short-selling certain stocks and buying them soon after in public offerings. The Securities and Exchange Commission announced the settlements Tuesday. One of ...

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Choice Hotels 2Q profit slips, but still tops view

ROCKVILLE — Choice Hotels International Inc., whose brands include Comfort Inn, Econo Lodge and its namesake, said Friday that its net income fell 11.4 percent in the second quarter, weighed down by increased operating expenses. The lodging company’s quarterly results ...

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