J.P. Morgan Chase (NYSE:JPM) and Lehman Brothers Holdings received approval from a judge for the settlement agreement between the two companies.
Per the agreement, J.P. Morgan will receive cash and collateral from Lehman Brothers while they return about $9 billion in illiquid securities and real estate to Lehman.
Even though U.S. Bankruptcy Judge James Peck approved of [...]
All Posts Tagged With: "JP Morgan Chase"
J.P. Morgan Chase (NYSE:JPM) Settlement with Lehman Brothers Approved by Judge
J.P. Morgan (NYSE:JPM): Emerging Market Countries, Companies, Issue Half of Bonds in 2010
J.P. Morgan (NYSE:JPM) estimates that half of the bonds issued so far in 2010 have been issued by emerging-market countries, generating a total of $55 billion so far for the quarter, with estimates it could reach over $60 billion for the three-month period.
Figures from ING confirm this, as data show already close to $55 billion [...]
JPMorgan (NYSE:JPM) and FDIC Settle with WaMu for $6 Billion
[Update] – As several commenters have pointed out, the proposal is pending legal approval from the court, which is uncertain.
The legal battle between JPMorgan (NYSE:JPM) and FDIC against the estate of WaMu had gotten down and dirty during the litigation, but that has come to an end now as they all kissed and made up, [...]
March 15th, 2010 | Gary | Comments | Continued
IPO Market Hot This Week for Bank of America (NYSE:BAC) and Wells Fargo Corp. (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley (NYSE:MS)
The big banks are enjoying a good week for IPOs, as almost all of them were involved with two ocean shipping companies – Baltic Trading and Crude Carriers, and also health sciences company Aveo Pharmaceuticals, Bank of America (NYSE:BAC) and Wells Fargo Corp. (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley (NYSE:MS) all partook [...]
March 12th, 2010 | Gary | Comments | Continued
Citigroup (NYSE:C), JP Morgan (NYSE: JPM) Helped Spark Lehman’s Collaspe
In a 2,200 page report, the U.S. Trustee appointed examiner said that JP Morgan Chase (NYSE: JPM) and Citigroup (NYSE: C) helped cause the demise of Lehman Brothers by changing guarantee agreements and requiring more capital from the defunct investment bank.
Anton Valukas, filed the report in a Manhattan federal court on Thursday, which details a [...]
J.P. Morgan Chase (NYSE:JPM) Going into Exchange-Traded Funds Business
The investment unit of J.P. Morgan Chase (NYSE:JPM) says it is making plans to offer exchange-traded funds in the near future, as the investment vehicles continue to surge in popularity, drawing large investment dollars to their coffers.
Exchange-traded funds being put together by J.P. Morgan will be actively managed, meaning they will have higher fees, which [...]
Former JPMorgan (NYSE:JPM) Cazenove Partner Malcolm Calvert Convicted of Insider Trading
In a somewhat surprising finish to a high-level trial in Britain, former JPMorgan (NYSE:JPM) Cazenove partner Malcolm Calvert was convicted five counts of insider trading.
The lawsuit was filed by the Financial Services Authority, which has won two other cases over the last year or so. Calvert, 65, could be sentenced up to seven years in [...]
SEC Charges Stock Loan Trader For Defrauding Morgan Stanley (NYSE: MS) And Bank Of America (NYSE: BAC)
The Securities and Exchange Commission filed charges against a former New York stock loan trader who was employed at Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC) for periods of time. The suit claims Salvatore Zangari received kick-backs in excess of $100,000 in exchange for sending stock loan orders to brokerage firms that [...]
March 10th, 2010 | mitch | Comments | Continued
JPMorgan Chase (NYSE:JPM) Touting Increased Lending to Small Businesses
JPMorgan Chase (NYSE:JPM) has been marketing its success at providing loans to small businesses after given them a “second look.”
The second look theme came from Washington in hopes some of the original companies rejected in their loan applications would be offered a loan when the banks took a closer look beyond the electronic scoring system.
How [...]
JPMorgan (NYSE:JPM), Citicorp (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) Sued by Tribune Bondholders
Bondholders of Tribune, in connection to the Chapter 11 bankruptcy case, have sued JPMorgan (NYSE:JPM), Merrill Lynch Capital Corp.,Citicorp (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) over the financing of the buyout of the company in 2007.
The financing of Tribune by the financial institutions led to the leveraged buyout of Tribune in 2007, [...]
Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Citigroup Inc. (NYSE:C) Buying Back $21 Billion in Home Loans
Fannie Mae and Freddie Mac are reportedly going to force Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Citigroup Inc. (NYSE:C) ot buy back up to $21 billion in residential mortgages in 2010 in response to what they consider mortgages which shouldn’t have been made in the [...]
March 5th, 2010 | Gary | Comments | Continued
I am a Realtor trying to consumate a short sale for a senior citizen on social security with Citi holding ...
When you are down there, try the number 3 with sour cream... The green enchiladas are wonderful!!!!!! 
It would seem that they see the light at the end of the tunnel...I just hope that what they see ...