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Stock Market & Financial Investment News

News Breaks
March 25, 2014
08:02 EDTJPM, CGJPMorgan names Daniel Pinto as sole CEO of Corporate & Investment Bank
JPMorgan Chase (JPM) announced that Daniel Pinto, co-CEO of the company’s Corporate & Investment Bank, will become sole CEO of the CIB, effective immediately. Mike Cavanagh, co-CEO of the CIB, is leaving the company to become co-President and co-COO of The Carlyle Group (CG).
News For JPM;CG From The Last 14 Days
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September 15, 2014
13:22 EDTCGCarlyle Group acquires two Florida Keys hotels
Carlyle Group announced the acquisition of two Florida Keys hotels in Islamorada, the Postcard Inn Beach Resort at Holiday Isle and La Siesta Resort. The two hotels join the Islamorada Resort and Pelican Cove Resort & Marina in Carlyle's Islamorada hotel portfolio. The four properties will form the newly created Islamorada Hotel Company and be managed by Trust Hospitality. Equity for the transactions comes from Carlyle Realty Partners VII, a $2.34B U.S. real estate fund. Carlyle plans approximately $18M in renovations to the Postcard Inn and La Siesta. Major guestroom and common area renovations are scheduled to be completed in November. Islamorada Resort was acquired by Carlyle in February and is currently undergoing interior and exterior renovations. The resort will re-launch as a boutique upscale hotel at the end of 2014 under the new name of Amara Cay Resort.
08:28 EDTCGCarlyle in talks to acquire up to 75% stake in India's Famy Care, Reuters says
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07:49 EDTJPMDOJ, FBI 'flip' bank informants as part of forex probe, WSJ says
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06:46 EDTJPMJPMorgan could have difficulty repelling hackers, NY Times reports
Hackers were able to access dozens of JPMorgan's servers over a two month period, and may have learned how the bank's computers work, The New York Times reported on Friday, citing three unnamed sources It may be difficult for the bank to ensure that its systems can withstand future attacks, the newspaper quoted the sources as saying. Reference Link
06:08 EDTJPMJPMorgan reports August net credit losses 2.50% vs. 2.59% last month
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September 12, 2014
07:41 EDTJPMBank lending grew in quarter, with Capital One leading pack, WSJ reports
Total loans outstanding at U.S. banks and thrifts grew by $178.5B in the second quarter, with Capital One Financial (COF) leading the big banks by growing its loans at an annualized rate of 12.5%, according to SNL Financial data, reported The Wall Street Journal. SNL said 14 of the 15 largest U.S. banks increased their lending, with only Bank of America (BAC) issuing fewer loans than the quarter before, largely attributed to a drop in U.S. closed-end residential mortgages, the report noted. Other publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
07:12 EDTJPMJPMorgan says has not seen unusual customer fraud related to recent cyberattack
JP Morgan says in a filing that it has not seen any unusual customer fraud related to the recent cyberattack against the Firm as of September 10. The company says "Chase customers are not liable for unauthorized transactions on their account that they promptly alert the Firm to. The Firm is vigilantly monitoring the situation and is continuing to investigate the matter. In addition, the Firm is fully cooperating with government agencies in connection with their investigations."
06:35 EDTJPMApple getting discounted card fees for Apple Pay, NY Times reports
Banks are charging Apple lower than usual credit card fees for the tech giant's new mobile payment system, according to The New York Times. The banks hope that participating in Apple Pay will enable them to process transactions that aren't currently being paid for with credit cards, the newspaper explained. The banks and credit card networks also hope to use Apple Pay to prevent technologies that don't incorporate banks from becoming popular, The Times reported. Publicly traded credit card networks include American Express (AXP), Capital One (COF), Discover (DFS), MasterCard (MA) and Visa (V). Publicly traded banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC)..Reference Link
September 11, 2014
19:53 EDTCGCCMP Capital to acquire stake in PQ Corporation from The Carlyle Group
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12:15 EDTJPMJPMorgan CEO James Dimon finishes cancer treatments, awaiting results, WSJ says
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07:21 EDTJPMBankruptcy bill focused on big bank failure moves past committee, WSJ says
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September 10, 2014
07:16 EDTJPMRepublicans, Democrats both push for harder 'too big to fail' rules, WSJ says
Lawmakers from both the Republican and Democrat sides of the aisle urged U.S. regulators to push forward additional regulations to ensure the biggest banks aren't "too big to fail," said The Wall Street Journal. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:35 EDTJPMFed may raise capital requirement for some banks to 11.5%, NY Times reports
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September 9, 2014
14:54 EDTJPMApple announces Apple Pay
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13:47 EDTJPMJPMorgan CFO says Jamie Dimon 'feeling fine'
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13:29 EDTJPMJPMorgan says core rate products continue to be challenged in Q3
Comment made at Barclays Global Financial Services Conference.
06:33 EDTJPMFed looks set to pressure large banks to shrink, NY Times says
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06:32 EDTJPMFed to require large US banks to have extra financial padding, WSJ reports
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September 8, 2014
07:24 EDTJPMBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.
06:00 EDTCGCarlyle Group closes Carlyle Asia Partners IV fund
Carlyle Group announced the final close of Carlyle Asia Partners IV at $3.9B, more than 50% larger than its predecessor fund CAP III. Carlyle’s Asia buyout funds make control and significant minority investments in well established companies across the Asia ex-Japan region. The final close of CAP IV, which exceeded its target of $3.5B, brings the firm’s assets under management in Asia funds, including Japan, to $13.6B across its buyout, growth, RMB and real estate funds. Reference Link
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