Two traders formerly employed by JP Morgan were charged by federal prosecutors relating to the bank's USD6.2 billion loss in the derivatives trade.

WCI Communities finalizes IPO pricing at US$15 per share. WCI Communities, Inc. reported the final pricing of the initial public offering of 6,819,091 shares of its common stock at US$15 per share.

Advertising changes lowered target price on Google stocks. Google made changes to its advertising system in the hope that this would increase the revenue coming in from mobile users.

JPMorgan stated they would release 1st quarter report ahead of others. The nation's largest banks start their second-quarter earnings reporting season starting this week.

JPMorgan and Wells Fargo let go bonds worth around US$38 billion. JPMorgan Chase & Co. and Wells Fargo got back around US$38 billion of their riskiest investments in the first quarter as an increase in trading activity persuaded them the assets were easier and more simple to value.

JP Morgan led the Eur1.2 billion out of the Eur1.7 billion that Nokia will pay to acquire 50% Siemens’ stake in Nokia Siemens Network.

Banks, Markit, and ISDA were charged with cutting off two credit derivatives transactions by the EU.

The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.

NanoString Technologies announced today the pricing of its initial public offering. (Photo : Reuters)The image is the lobby looking in for JP Morgan Chase & Co.

Real estate investment trust fund, American Homes 4 Rent files US$1.25 Billion IPO for its Class A shares.