April 2009
JPMorgan Chase Reports First-Quarter 2009 Net Income of $2.1 Billion
JPMorgan Chase & Co. (NYSE: JPM) today reported first-quarter 2009 net income of $2.1 billion, compared with net income of $2.4 billion in the first quarter of 2008. Earnings per share were $0.40, compared with $0.67 in the first quarter of 2008. J...
US Planning to reveal bank stress test results for Top 19 Banks to restore confidence.
The US government could disclose bank stress test results details about the financial health of its top 19 biggest banks in a bid to reassure investors and restore confidence in the financial system. US government regulators are conducting stress tests...
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
February 2009
What is State Street's Tangible Common Equity Improvement Plan (to slash dividend)?
State Street to slash dividend, warns on outlook. Boston-based State Street Corp., the world’s largest money manager for institutions, all but eliminated its shareholder dividend and cut bonuses to increase capital depleted by bond losses and costs t...
December 2008
Mystery behind Jamie Dimon bonus decline!
While JP Morgan Chase & Co’s CEO Jamie Dimon doesn’t intend to ask for a bonus, like nearly every CEO in the banking industry because of weakness in the stock market and the general economy, Dimon’s deputies are expected to receiv...
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