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Stock Market & Financial Investment News

News Breaks
February 20, 2013
11:31 EDTJPMInvestors to call on JP Morgan to split CEO, Chairman roles, WSJ reports
Citing concerns over a trading fiasco that left the company with over $6B in losses, investors are calling for JP Morgan (JPM) to split the chairman and CEO posts held by James Dimon, reports the Wall Street Journal. The American Federation of State, County and Municipal Employees, and pension funds in Connecticut and New York are said to back the new resolution asking the bank to name an independent board chair. Reference Link
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December 8, 2014
06:35 EDTJPMValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large 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
06:21 EDTJPMDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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