JPMORGAN CHASE NEWS & INFORMATION
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Saturday, November 22, 2008
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LATEST JPMORGAN CHASE NEWS:
Movers roundup: JPMorgan Chase, Foot Locker
JPMorgan Chase & Co. shares tumbled to a six-year low Friday, as investors fled big bank stocks amid fresh concerns about the stability of the financial sector. Citi, JPMorgan, Capital One bid for Chevy Chase: sources Citigroup Inc , JPMorgan Chase & Co and Capital One Financial Corp are among the final bidders for Chevy Chase Bank, a Bethesda, Maryland, lender, sources familiar with the matter said. JPMorgan Chase & Co. to cut 10 per cent of investment bank staff NEW YORK - JPMorgan Chase & Co. is shedding about 10 per cent of its investment bank staff in an effort to better weather the global economic slowdown. JPMorgan Files to Issue Unsecured Debt Securities (Update2) Nov. 21 (Bloomberg) -- JPMorgan Chase & Co. , the largest U.S. bank by market value, filed to sell unsecured debt as the Federal Deposit Insurance Corp. moves to assure “a prompt payment mechanism” on the government’s bank debt guarantees. Wells Fargo Tops JPMorgan, Becoming Biggest U.S. Bank (Update1) Nov. 21 (Bloomberg) -- Wells Fargo & Co. , located 3,000 miles from Wall Street, passed JPMorgan Chase & Co. to become the biggest U.S. bank by market value as financial stocks tumbled for the ninth day in 10. JPMorgan to Cut Investment Bank Staff JPMorgan Chase shares reached their lowest point in five years Thursday on media reports the New York-based bank will cut about 10% of its investment bank staff. JPMorgan to cut 10 pct of investment bank staff JPMorgan Chase & Co. is shedding about 10 percent of its investment bank staff in an effort to better weather the global economic slowdown. The New York-based banking giant is making cuts that are likely to be in line with its competitors Goldman Sachs Group... |







