Reuters. File photo. A woman walks past JPMorgan Chase Bank in New York’s Times Square. SHANGHAI (Reuters) – JPMorgan Chase (N:) will pay $1 billion for full ownership of its China mutual fund business, analysts said in a statement on the Shanghai Union Property Exchange on Tuesday, a priceRead More →
JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. JPMorgan Settles a Crypto Class Action Lawsuit JPMorgan Chase allegedlyRead More →
By Gwénaëlle Barzic PARIS (Reuters) – U.S. bank JPMorgan Chase & Co (N:) said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some services from London after Britain’s exit from the European Union. The expansion is expectedRead More →
(Bloomberg) — The European Central Bank has started supervising some of the world’s top securities firms’ businesses in the region, as they build up their operations across the European Union ahead of Brexit. European units of Goldman Sachs Group Inc (NYSE:)., JPMorgan Chase (NYSE:) & Co., Morgan Stanley (NYSE:) andRead More →
By Gwénaëlle Barzic, Pamela Barbaglia and Arno Schuetze PARIS/LONDON/FRANKFURT (Reuters) – European investment firm Eurazeo (PA:) is exploring a partial or full sale of its near 30% stake in Europcar Mobility Group (PA:) as it seeks to cash out from the troubled French car rental company, sources told Reuters. Europcar’sRead More →
© Reuters. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter By Joshua Franklin and Hadeel Al Sayegh (Reuters) – JPMorgan Chase & Co (N:) is close to winning the lead advisory role for Saudi Aramco’s initial publicRead More →
By Joshua Franklin NEW YORK (Reuters) – WeWork owner The We Company has tapped JPMorgan Chase & Co (N:) to head an upcoming debt offering, putting the bank in pole position to lead a planned initial public offering (IPO) later this year, people familiar with the matter said. WeWork wouldRead More →
Capital One Financial and JPMorgan Chase had to reduce their planned shareholder payouts in order to get the Federal Reserve to approve the distributions, the central bank said Thursday. The Fed said Capital One COF, -0.06% and JPMorgan Chase JPM, +0.33% would have had minimum capital ratios lower thanRead More →
JPMorgan Chase is paying $5 million to settle a class-action case alleging the corporation denied male workers the same chance as female workers to stay home with their newborn child. The proposed settlement is the largest-ever sum for a parental-leave discrimination case, according to one attorney for the suing fatherRead More →
JPMorgan Chase JPM, -1.07% on Thursday agreed to pay a bombshell $5 million to hundreds of men who claimed they weren’t given the same paid leave as women when they became parents. The proposed class-action settlement, filed in Ohio federal court, is the culmination of a 2017 complaint broughtRead More →
© Reuters. JP Morgan Chase & Co. corporate headquarters in New York CHICAGO (Reuters) – JPMorgan Chase & Co (NYSE:) said on Tuesday that only 71.64 percent of shareholders voted to approve its executive compensation packages, marking a rare instance of criticism over the bank’s top leaders pay. The bankRead More →
© Reuters. Investing.com – JPMorgan (NYSE:) rose by 3.01% to trade at $114.44 by 15:42 (19:42 GMT) on Wednesday on the NYSE exchange. The volume of JPMorgan shares traded since the start of the session was 13.88M. JPMorgan has traded in a range of $111.01 to $114.45 on the day.Read More →
© Reuters. FILE PHOTO: A logo of the Brazil’s state-run Petrobras oil company is seen in Rio de Janeiro By Tatiana Bautzer and Carolina Mandl SAO PAULO (Reuters) – State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unitRead More →
© Reuters. Investing.com – JPMorgan (NYSE:) kicked off the first-quarter earnings seasons with a bang, as a strong performance in domestic lending drove it to a record quarter for both revenue and profit, handily beating consensus forecasts. The bank said the strength of its core lending business more than offsetRead More →
© Reuters. Man watches a board showing stock prices at a brokerage office in Beijing (Reuters) – J.P. Morgan Asset Management has turned more constructive on prospects for global stock markets, saying it saw opportunities among cheaply valued mid-cap companies and financials following a year of weak returns. “Many ofRead More →
© Reuters. Former banking executive Walter Shipley dead at 83: JPMorgan Chase (Reuters) – Walter Shipley, a former banking executive credited with helping spur a series of mergers that led to the creation of JPMorgan Chase (N:), has died at age 83, the company said on Saturday. Shipley was “aRead More →
