JP Morgan Chase & Co

BOA CEO Moynihan Awarded With The Second Largest Pay Package After JP Morgan’s James Dimon

Brian T. Moynihan, the CEO of BOA has been awarded with a pay package of $16 million, a 23% rise from the previous year. However, the package will reach at maximum if BOA can touch 0.80% earning against assets during the next three years. JP Morgan Chase & Co. CEO James Dimon has ranked top in receiving pay packages for the 2015.

Read Full Article

JPMorgan Chase to set up cardless ATMs that dispense different denominations

JPMorgan Chase is all set to revolutionize the concept of ATM cash withdrawals. The bank will introduce the new system in the form of e-ATMs which will basically render bank cards redundant. The machines will dispense cash via a simple mobile app, in different denominations like $1, $5, $20, and $100 bills. At the same time, Chase has increased the withdrawal limit by three times, at $3000.

Read Full Article

Zara's parent Inditex gains 36%, founder Amancio Ortega becomes the second wealthiest man in the world

Inditex, owner of the well-known European fashion retail brand Zara earned a place in the 100 billion club while its co-founder Amancio Ortega becomes the second wealthiest man in the world. What's the secret behind Zara?

Read Full Article

EMC explores merger, holds talks with Dell, HP

Data storage products maker EMC Corp (EMC.N) held merger talks with rivals Dell Inc [DI.UL] and Hewlett-Packard Co (HPQ.N), the Wall Street Journal reported citing people familiar with the matter.

Read Full Article

Phone registry company Neustar weighs sale - sources

Neustar Inc, a company which helps North American telecommunication carriers route calls and text messages, is considering a potential sale amid interest from private equity firms, according to people familiar with the matter.

Read Full Article

JPMorgan customers targeted in email phishing campaign

Fraudsters are targeting JPMorgan Chase & Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.

Read Full Article

JPMorgan picks up stake in US trading platform Chi-X Global

US-based multinational banking and financial services firm JP Morgan Chase & Co purchased an equity stake in alternative trading systems operator Chi-X Global Holdings LLC for an undisclosed sum.

Read Full Article

China's Qinhuangdao Port to bring in USD717 million in IPO

Chinese coal port operator Qinhuangdao Port Co. is seeking to raise up to USD717 million in a Hong Kong listing. The firm will be putting up for sale 829.9 million shares at HKD5.25 to HKD6.70 apiece.

Read Full Article

JP Morgan backs out from China Everbright Bank IPO

The Wall Street Journal said it was highly unusual for a bank or an entity to withdraw from its role as an underwriter for an initial public offering or any similar deal, much less weeks before the deal is scheduled to begin.

Read Full Article

JP Morgan to pay USD100 million to settle Whale trades charges

JP Morgan Chase & Co. had admitted wrongdoing and agreed to pay USD100 million settlement regarding the disastrous London Whale trade, said a report from Reuters.

Read Full Article

JPMorgan looks to cut lending to some businesses

JP Morgan Chase & Co, the biggest bank in the US, would cut lending to some businesses as risks confronted the bank's reputation, said a report from the Wall Street Journal.

Read Full Article

BlueCrest hires Nomura's Kfoury

BlueCrest Capital Management hired Marcel Kfoury after the resignation of Michael Platt, said a Reuters report.

Read Full Article

Barracuda Networks files for IPO

On Tuesday, Barracuda Networks had filed for an initial public offering valued more than USD100 million, according to a regulatory filing.

Read Full Article

JPMorgan to pay USD389 million in penalties

JP Morgan Chase & Co. was mandated to pay USD389 million in penalties and restitution after the bank was alleged in unfairly charging its customers for credit monitoring programs.

Read Full Article

London whale scandal cost JPMorgan USD1 billion in fines

JP Morgan Chase & Co. reached a milestone in cleaning up its legal affairs however it had also left the company a hefty USD1 billion settlement payments.

Read Full Article
1 2 3

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics