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The people at JPMorgan Chase have received some good news about their paychecks: The bank is removing a salary freeze for employees earning more than $60,000 a year, with raises taking effect early next year. The freeze was put in place at the height of the financial crisis last year.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year.
Nov. 10 (Bloomberg) -- Bank of America Merrill Lynch, Barclays Plc and JPMorgan Chase & Co. are competing to sell shares for state-run companies in India as the government plans the biggest sell-off in at least five years.
Even the best cardholders are seeing their interest rates rise and credit lines get cut as financial firms struggle to make money in their card units.
With more than 1.2 million active cases, the state is on a pace to file the largest number of tax warrants in a single year.
Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.
The owner of downtown's 75-story JPMorgan Chase Tower has purchased the adjacent JPMorgan Chase Center.
What do IPO investors and "Twilight" fans have in common? For one thing, they both thrive on anticipation. And as teenage girls everywhere count the days till the Nov. 20 release of the latest film in the vampire saga, they'll have something else in common: Rue21.
NEW YORK (AP) -- Shares of some top finance companies were up at the close of trading: Bank of America rose $.72 or 4.8 percent, to $15.77. Citigroup rose $.13 or 3.2 percent, to $4.19. JPMorgan Chase rose $.87 or 2.0 percent, to $44.35.
Nov. 10 (Bloomberg) -- Senator Christopher Dodd will propose creating a single U.S. regulator that would strip the Federal Reserve and Federal Deposit Insurance Corp. of bank- supervision authority, said a person familiar with the matter.
Nov. 10 (Bloomberg) -- Asian stocks rose for a third day as Chinese car sales jumped and exports improved in Taiwan and the Philippines. The pound fell after Fitch Ratings said the U.K. was the most at risk of losing its AAA rating.
Bonus time will be very hit or miss this year amid a growing divergence in incentive compensation across the financial services industry, according to projections from Johnson & Associates, a consulting firm.
Nov. 10 (Bloomberg) -- Federal Reserve Governor Daniel Tarullo said proposals to separate trading from deposit taking and lending at the biggest banks probably wouldn’t dispel the perception that some firms are too big to fail.
What's Your Reaction? The nation's second-largest bank expects to lose as much as $750 million a year thanks to a recently-enacted credit card law that attempts to limit unfair rate hikes and hidden fees.
Fewer U.S. banks tightened lending standards for companies and consumers in the third quarter as the economy grew for the first time in more than a year, a Federal Reserve survey showed.
Nov. 10 (Bloomberg) -- The Federal Reserve said U.S. banks kept tightening lending standards for companies and consumers last quarter, reinforcing the central bank’s decision to leave its benchmark interest rates at record lows for a long time.
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