JP Morgan Chase News

Visa Inc. and MasterCard Inc. are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees.

"Several other states have identified similar recurring deficiencies by the participating servicers," Schneiderman said in a letter dated May 23 to the monitor for the settlement, former North Carolina Banking Commissioner Joseph Smith.

Jamie has a twin brother, Theodore Dimon, Jr., who is the founder of the Dimon Institute in New York city.

Thomas 'Tom' Horton, chairman, president and chief executive officer of AMR Corp.'s American Airlines, listens during a Senate Judiciary Committee hearing in Washington, D.C., U.S., on Tuesday, March 19, 2013.

Last year, 40 percent of JPMorgan Chase's shareholders voted to break up Jamie Dimon's dual roles of chairman.

With Memorial Day weekend looming, lots of bankers took the opportunity Frioday to get a headstart on the long holiday weekend.

Wall Street banks are expanding holdings of speculative-grade bonds as prices fall from record highs with investors retreating from exchange-traded funds that buy the debt.

MTS International Funding Limited placed Eurobonds in the volume of $500mln, the company informed.

Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise.

JPMorgan Chase & Co. : In the wake of Jamie Dimon's victory, a subsidiary of the bank is being fined 3.1 million pounds "for systems and controls failings related to its provision of retail-investment advice and portfolio-investment services." NEW! Discover a new stock idea each week for less than the cost of 1 trade.

The firm currently has an "outperform" rating on the stock. JPMorgan Chase traded down 0.52% on Thursday, hitting $53.35. JPMorgan Chase has a 1-year low of $30.83 and a 1-year high of $54.96. The stock's 50-day moving average is currently $49.03. The company has a market cap of $202.2 billion and a price-to-earnings ratio of 9.57. JPMorgan Chase ... (more)

Of the 20 equities seeing the heaviest options volume in recent sessions, three names of notable interest this afternoon are Baidu.com, Inc.

You'd think a story in The Wall Street Journal about executives fleeing JPMorgan Chase & Co.

JPMorgan Chase said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business.

Since last decade's banking crisis, among the nation's trillion-dollar asset banks there has been stratification both in terms of profitability and public reputation.

McInerney was CEO of consumer banking at JP Morgan Chase , overseeing a network of 5,600 bank branches and some 75,000 employees.

Two Cary companies have been priced for their public debuts, and one already is off and running on Wall Street this morning.

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.