Banking News

A jury has convicted Steve Powell of all 14 voyeurism charges that stemmed from an investigation into his missing daughter-in-law. FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co.

JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.

Shares in Japan's biggest banks have risen after they forecast profits for this financial year that exceeded analyst expectations.

Frankfurt police are preparing to clear a tent-camp of about 300 Occupy protesters from near the European Central Bank.

Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange : Westaim Corp.

Sam Antar says Green Mountain inflated its inventory numbers in exactly the same way he did as CFO of Crazy Eddie.

J.P. Morgan Chase & Co. shares led a modest gain in financial stocks Tuesday as the firm prepared to face shareholders at an annual meeting just days after stunning the market with a surprise $2 billion trading loss.

The Federal Reserve says the average value of farmland in several Midwest and Western states grew more than 25% in the first quarter as farm income remained strong.

MANILA Citigroup Inc. said Tuesday it has appointed Usman Ahmed as its corporate and investment banking head for the Philippines.Ahmed, who rejoined Citigroup last year after three years with Barclays Capital, will replace Kristine Braden, who has been appointed as the global subsidiaries group head for Europe, the bank said in a statement.

Jamie Dimon faces a grilling from shareholders when JPMorgan Chase & Co convenes its annual meeting on Tuesday, just days after disclosing it lost billions of dollars in trading that was supposed to protect the mammoth bank from risk.

President Barack Obama said on Monday the huge trading loss at JPMorgan Chase & Co illustrated the need for Wall Street reform and warned that the same kind of error at a less stable bank may have required government intervention.

Leading European Union finance officials on Monday pleaded with Greece not to renege on its bailout terms and to stay the course of its painful austerity program to prevent even worse economic hardship.

Ina Drew, head of the Chief Investment Office at JPMorgan Chase, reportedly will quit over a $2 billion trading loss that's put the firm in the spotlight.

In this Feb. 11, 2009 file photo, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, center, flanked by Goldman Sachs & Co.

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Occupy groups, including Occupy Petaluma, are planning a "Day of Shame" at Sonoma State University's graduation Saturday to criticize the school for awarding an honorary doctorate for the former CEO of Citigroup who they say helped cause the economic crisis.

J.P. Morgan Chase & Co., Arena Pharmaceuticals Inc. and InterOil Corp. are among the stocks that could see active trading on Monday.

Bundesbank president Jens Weidmann warned French president-elect Francois Hollande on Saturday against tampering with the European Central Bank or the EU fiscal pact.

Standard & Poor's Ratings Services revised its outlook on JPMorgan Chase & Co on Friday to negative from stable, the latest blow to the bank after it revealed a shocking $2 billion trading loss from a failed hedging strategy.

SANTIAGO Chile's IPSA select stock index closed lower Friday tracking lower U.S. stocks on J.P. Morgan $2 billion trading losses and Spain's banking problems.The IPSA ended 0.2% lower at 4476.30, while market volume declined to 60.66 billion Chilean pesos from CLP64.54 billion Thursday.As several of the heaviest-weighted shares on the IPSA are also ... (more)