JPMorgan Chase is seeking to buy a minority stake in Twitter that could value the site at close to $4.5 billion.
Link:
DealBook: JPMorgan Fund Seeks Minority Stake in Twitter
Everyone wants a piece of Twitter: Finance giant J.P. Morgan Chase & Co. is reportedly in talks to take a minority stake in the social-networking favorite in a deal that would send Twitter’s valuation up to more than $4 billion. The investment, the…
Read more from the original source:
J.P. Morgan Eyes Twitter Stake
Forcing eurozone countries to restructure their debt would be “far too risky”, the head of US bank JP Morgan Chase warns.
See the original post:
JP Morgan boss warns of debt risk
JP Morgan Chase reports a 47% jump in fourth-quarter net income, helped by narrowing losses on bad loans.
See the article here:
JP Morgan reports 47% profit jump
American financial markets across the board rallied Wednesday, finishing at multi-year highs. Led by jumps in JPMorgan Chase stock, the Dow added 83 points to close at its highest level since September 2008. The S&P 500 added 11 points and the…
Excerpt from:
Stocks Finish at Multi-Year Highs
Two thousand seven hundred twenty-two days after U.S. troops crossed the Kuwaiti border into Iraq, U.S. combat operations there officially ended. The U.S.-led war in Afghanistan turned older than the Soviet Union’s 3,339-day campaign in the country. Twenty-one percent of young veterans of the wars in Iraq and Afghanistan were unemployed, Iraqi government officials said that some 58,000 stray dogs in Baghdad had been poisoned or shot, and Target, a dog rescued from Afghanistan after she alerted troops to a suicide bomber and saved dozens of soldiers, was accidentally euthanized. The Supreme Court upheld the right to record women crushing small animals with their feet and overturned two precedents to rule that the government cannot ban corporations from spending money in political elections. The U.S. House and Senate finalized a watered-down, 2,000-page financial-reform bill. “Not to be funny about it,” JPMorgan Chase CEO Jamie Dimon told the FCIC, “but my daughter asked me… ‘What’s the financial crisis,’ and I said, ‘Well, it’s something that happens every five to seven years.’” The Texas State Board of Education voted to revise its social-studies curriculum, mandating that the U.S. government should not be called “democratic,” and Republicans took control of the House. A Virginia judge voided the provision in Obama’s health-care law requiring most Americans to obtain health insurance. A Texas newborn with a heart defect was denied health insurance because of his pre-existing condition. “It would be hard to argue that we’re going backwards,” said Obama. “I think what you can argue is we’re stuck in neutral.” . . .
Excerpt from:
Yearly Review
This has to be cold comfort for the thousands of people wronged by Ponzi schemer Bernard Madoff. Court documents reveal that two months prior to Madoff’s arrest for fraud, JP Morgan Chase suspected the investment banker of wrongdoing, but the bank…
Go here to see the original:
JP Morgan Chase Suspected Madoff
With some adaptive technology, Ashish Goyal works on the trading floor in London for JPMorgan Chase, despite having been blind since the age of 22.
More here:
DealBook: Managing Risk for JPMorgan, and Blindness
During the financial crisis, the C.E.O. of JPMorgan Chase outshone his rivals. But where exactly does that leave him now?
View original post here:
Jamie Dimon: America’s Least-Hated Banker
Banks like JPMorgan Chase offer to help big investors like pension funds earn a little extra. When it works, both win. When it doesn’t, only the client loses.
Originally posted here:
House Advantage: Banks Shared Clients’ Profits, but Not Losses
Banks should have anticipated the widespread problems with foreclosures, now under investigation in all 50 states, because they hired so many inexperienced workers and pushed them to blow through paperwork at a superfast rate. At JPMorgan Chase, the…
Continue reading here:
Lenders Knew of Foreclosure Problems
JPMorgan Chase kicked off what is expected to be a mixed quarterly earnings season for big banks with a 23 percent increase in third-quarter income.
Go here to read the rest:
Income Rises on Lower Revenue at JPMorgan Chase
JPMorgan Chase is suspending more than 50,000 foreclosures as it reviews the legitimacy of legal documents, the second major company to take such action this month.
House Advantage: Banks Shared Clients’ Profits, but Not Losses
Monday, October 18th, 2010
