Jefferson Pilot Corporation News

The City of Buffalo is withdrawing $45 million from JPMorgan Chase and depositing the money with First Niagara Financial Group, City Comptroller Mark J.F. Schroeder announced today.

Bank of America Corporation CEO Brian Moynihan reports at the Sanford Bernstein Strategic Decisions Conference that "everything" for U.S. consumer is "steady as we go", and that U.S. businesses are "not taking chances" or expanding, but are making money.

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BlackBerry owner Research in Motion has confirmed it will make "significant" job cuts as investment banks JPMorgan Chase and RBC Capital Markets carry out a strategic review that could lead to tie-ups with other businesses.

There's a lot we have yet to learn about the story of Sen. Mike Lee, Tea Party Republican of Utah, and America's largest bank.

It turns out that I have a connection to the whole JPMorgan Chase Fail Whale trades.

U.S. private equity firm Vector Capital is seeking to gatecrash a deal between JPMorgan Chase and Technicolor, offering to buy as much as 30 percent of the French digital video company.

One its traders, Bruno Iksil, the man later nicknamed the London Whale for his outsize trades, was about to blow a multibillion-dollar hole in the mighty House of Morgan... Inside the hedge fund world, some joked that Mr.

Lou Lebedin, a former Bear Stearns Cos. executive who had become JPMorgan Chase & Co.'s global head of prime brokerage, is being replaced in that role, according to three people familiar with the situation.

JPMorgan Chase and all other big banks should be broken up, says Sheila Bair, former head of the Federal Deposit Insurance Corporation.

Simon Johnson, a professor at the Massachusetts Institute of Technology and a former economist at the International Monetary Fund, talks about JPMorgan Chase & Co.'s $2 billion trading loss and the need for an independent investigation into the firm's practices.

A financial news stock ticker on Morgan Stanley's headquarters in New York carries a headline about Facebook on Wednesday.

A law and economics professor at the University of Missouri- Kansas City is blasting JPMorgan Chase and its top executives for making huge gambles on risky derivatives, which resulted in the bank's recently revealed $2 billion-plus in trading losses.

Konrad said that his firm did not think that JPMorgan CEO James Dimon was "going anywhere soon," in the wake of the company's $2 billion second-quarter hedge trading loss and its suspension of its share buyback program, but that "should the market continue to depress the multiples of universal banks regardless of underlying values, we believe the ... (more)

Cummins will be based in New York and will report to commercial banking chief for North America, Steve Bottomley, and global payments and cash management head Diane S Reyes.

Today produced mixed results for the broad markets despite receiving some very favorable news from one beleaguered segment of the economy.

Two weeks after Jamie Dimon's mea culpa unveiling of JPMorgan Chase & Co.'s $2 billion-and counting-trading loss, experts are divided on how to proceed to avoid such a catastrophe in the future.

Shares of Signature Bank opened at 59.79 on Tuesday. Signature Bank has a 52 week low of $44.07 and a 52 week high of $66.76. The company has a market cap of $2.787 billion and a P/E ratio of 17.33. Signature Bank last announced its earnings results on Tuesday, April 24th.

The Professional Association of Georgia Educators says it has concerns about losses at JPMorgan Chase and how they might affect a retirement plan for teachers.

What's the measure of Facebook's IPO? MBAOnline sent us a couple of infographics explaining just that .