JP Morgan Chase News

Financial stocks were up on Wednesday as Federal Reserve Chairman Ben Bernanke testifies to Congress about the state of the economy in which he confirmed his support for continuing monetary stimulus to help the economic recovery.

May 22 - JP Morgan chairman and chief executive Jamie Dimon faces down a shareholder revolt and keeps both jobs.

Jamie Dimon is the 57-year old banking mogul whose been running JPMorgan Chase since 2005, and he decisively won a shareholder vote yesterday to keep both his chairmanship and chief executive officer titles at the nation's largest bank.

At the bank's annual meeting, just 32 per cent of shareholders voted for a non-binding measure that would have advised the bank to split the roles.

Good morning, it's my pleasure to call the annual meeting of the shareholders of JPMorgan Chase and Company; we welcome all of you here.

The very people who should care most about JP Morgan's shareholder votes on Tuesday may be people who don't own a single share of the bank's stock.

As word came this week that the Government Employees Health Association Inc. would consolidate its 1,200 employees in Independence, a pair of lawsuits involving many of them also were being moved to the same city.

Today in Kuala Lumpur Andy Lopez, co-owner of the Summernats, signed a joint venture with leading Malaysian motorsport promoter JPM Motorsports to stage a Summernats Exhibition Event at the 2013 Malaysian GT at Sepang on 15/16 June, the first step towards a stand-alone Summernats festival in Malaysia.

Three large banks have nearly halted foreclosure sales while making sure they are meeting revised standards on how troubled homeowners are to be treated.

Harvey Golub, chairman of Miller Buckfire & Co., talks about Jamie Dimon's dual roles as chairman and chief executive officer of JPMorgan Chase & Co., changes to Hess Corp.'s board and Golub's time at American International Group, Inc.

J.P. Morgan Chase & Co. shareholders on Tuesday rejected an advisory proposal co-sponsored by three pension funds calling for an independent chairman, endorsing the dual roles of chairman and CEO of Jamie Dimon.

The Standard & Poor's 500 index edged up one point to 1,668. The Nasdaq composite rose three points to 3,499. "There's no compelling reason for the market to go one way or another today," said Michael Binger, senior portfolio manager at Gradient Investments in Minneapolis, Minn.

JPMorgan Chase & Co.'s risk committee could undergo changes in its membership, said Lee R. Raymond, the bank's lead director.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won approval from investors to keep his chairman title in preliminary voting ahead of today's shareholder meeting, according to two people with knowledge of the tallies.

Thousands of Floridians will get their say - indirectly - on a key issue at the JPMorgan Chase & Co.

An employee counts yuan banknotes at a branch of the Industrial and Commercial Bank of China in Huaibei, Anhui province April 22, 2010.

CalPERS voted in favor of a non-binding shareholder resolution that would split the dual positions held by Jamie Dimon as J.P. Morgan Chase chairman and CEO, confirmed CalPERS spokesman Joe DeAnda.

The all-powerful chairman and chief executive of JPMorgan, weakened by gigantic trading losses on his watch, faces calls to split his roles Nikhil Kumar is The Independent's New York correspondent.

Of interest, the Financial Times's John Authers today highlighted how global stocks have kept rising when earnings growth rates outside the United States have actually peaked.

When it comes to big-picture risks right now, one looms above all others: China.