JP Morgan Chase News

If Jamie Dimon ever needs fatherly advice, he can turn to his newest employee: Dad.

A lawsuit by Amaranth , the largest hedge fund ever to fail, against J.P. Morgan Chase & Co.

Macy's Inc. was upgraded to overweight from neutral by J.P. Morgan analyst Charles Grom on Friday after the company posted back-to-back improvement on its monthly same-store sales on a two-year stacked basis.

US banking giant JP Morgan Chase has agreed to pay a fine of $75m to settle charges that it bribed local officials in the US state of Alabama.

Wall Street firms that sold mortgage- backed securities to a $30 billion pool run by the state of Florida for local governments are under investigation for fraud by the U.S. Securities and Exchange Commission.

In what some are describing as a 21st century, a oeMorganizationa , J.P. Morgan Chase is being forced to take ownership in bankrupt companies, including health club Bally Total Fitness Holding Corp., to salvage the value of their original loans.

Ambac Financial Group Inc. a s bond- insurance unit may be placed into receivership, leaving no value for companya s shareholders, as the minimum surplus ita s required to maintain dwindles, according to JPMorgan Chase & Co.

Jefferson County ComA missioner Shelia Smoot didn't direct county bond and swap business to anyA one, and the Securities and Exchange Commission should back off, her attorA ney, Jim Parkman, said Wednesday.

U.S. stocks erased most of a 156- point rally in the Dow Jones Industrial Average after a House bill to curb credit-card rates spurred concern about bank earnings, outweighing the Federal Reservea s plan to keep interest rates at a record low.

Chinese economy hotel chain 7 Days Group Holdings aims to raise up to $100US million via an initial public offering in the New York Stock Exchange, sources reported.

JPMorgan Chase & Co. is paying more than $700 million to settle federal regulators' charges it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.

The Federal Reserve met privately with top banking officials at JP Morgan Chase , Citibank , Goldman Sachs , Morgan Stanley and others on Monday to discuss new compensation rules and to urge the bailed-out banks to begin their compensation reform plans immediately, even before the Federal Reserve finalizes its compensation reform rules.

Economists at J.P. Morgan Chase & Co., Bank of America-Merrill Lynch and others trimmed their outlooks Tuesday for real gross domestic product growth in the third quarter to closer to 3% from the Commerce Department's initial estimate of 3.5%. The economists cited new data on inventories in the September factory orders report, out Tuesday.

Geithner Laments the Deficit, but Demurs on Tax Increases Former hedge fund executive charged by SEC U.S. Turns Screws on Bailed-Out GMAC 3-mth dollar Libor hits record low, euro rate eases 'This Is It' on its way to $200 million-plus, thanks mainly to foreigners Terminator franchise to be auctioned off Bank of New York Mellon Corp Chief Executive ...

JP Morgan Chase & Co recently named Jes Staley as it's a new head for its investment banking division and Staley is reorganizing the unit that combines its various fixed income businesses under two co-manages, according to a recently leaked internal memo.

The Federal Reservea s purchases of U.S. home-loan bonds with government backing has pushed investors out of the securities and into debt including corporate notes and riskier mortgage assets, helping ease credit more broadly, JPMorgan Chase & Co.

Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges when a judge ruled the jury cannot see a personal e-mail in which he wrote about his fears of a "blow up risk" for investors.

'Companies immediately need to establish their credibility with the government,' said Baker & Daniels white-collar defense partner J.P. Hanlon, co-author of a new textbook on punishing corporate crime.

Herea s what could be in store for some of the largest financial firms in the United States including Bank of America , JP Morgan Chase , Wells Fargo & Co , Citigroup , CIT Group , Genworth Financial Inc.

The bank also raised its end-2010 target price on the stock to $9.8 a share, implying 67% upside from its previous target price of $5.9 a share.