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Stock Market & Financial Investment News

News Breaks
July 17, 2014
16:22 EDTJPMJPMorgan awards CEO Dimon 2M crisis-era stock options
In a regulatory filing, JPMorgan stated: "In 2008, Mr. Dimon was awarded 2M special Stock Appreciation Rights at an exercise price of $39.83 in recognition of the importance of his continuing long-term stewardship in realizing the Firm's potential as a premier financial institution. This award was originally reported on a Form 4 filed January 22, 2008. The number of SARs that would become exercisable and their exercisability date or dates was to be determined by the Compensation Committee and ratified by the Board, no sooner than four years from grant date. After a review of the performance of Mr. Dimon and the Firm since 2008, the Board and the Compensation Committee determined in January 2013 that all performance requirements for vesting had been met at that time. However, the Board deferred the vesting of the SARs for a period of up to 18 months to allow for the continued remediation of matters related to CIO, and to enable the company and Mr. Dimon to make continued progress against strategic priorities and performance goals. The Compensation Committee and Board have taken into consideration the extent of such progress and such other factors they deemed relevant, and have determined not to defer the vesting of the SARs further, such that all of them will become exercisable on July 22, 2014. The expiration date of the SARs is January 22, 2018."
News For JPM From The Last 14 Days
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November 25, 2014
16:12 EDTJPMWebster Financial receivess approvals to acquire HSA from JPMorgan Chase Bank
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November 24, 2014
07:01 EDTJPMFed could further restrict banks' commodities businesses, NY Times says
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November 21, 2014
07:41 EDTJPMGoldman, Morgan Stanley, JPMorgan grilled on commodities, WSJ says
Sen. Carl Levin, the retiring chairman of the Senate Permanent Subcommittee on Investigations, accused Goldman Sachs (GS) of manipulating aluminum markets and also said JPMorgan Chase (JPM) and Morgan Stanley (MS) obscured their investments in metals or natural gas from regulators as representatives of the banks took part in a hearing that is part of a larger probe into their dealings in commodities markets, reported The Wall Street Journal. Reference Link
07:24 EDTJPMBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 20, 2014
06:30 EDTJPMSenate panel says banks could influence commodity prices, NY Times says
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November 19, 2014
12:38 EDTJPMSenate Homeland Security & Government Affairs Committee to hold a hearing
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07:51 EDTJPMClearing House Payments Company to hold a conference
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07:37 EDTJPMCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 18, 2014
09:01 EDTJPMJPMorgan announces municipal bond agreement with LPL Financial
JPMorgan Chase & Co. (JPM) announced that it has signed an agreement with LPL Financial (LPLA) to provide access to new issue municipal bonds to LPL financial advisors. Under the agreement, LPL will be a preferred retail dealer for J.P. Morgan, further expanding the investment bankís distribution channels for new issue municipal bonds.
November 17, 2014
10:06 EDTJPMSears Canada, JPMorgan Chase announce changes to credit card program
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06:18 EDTJPMJPMorgan reports October net credit losses 2.26% vs. 2.24% last month
Reports October delinquency rate 1.34% vs. 1.30% last month.
November 16, 2014
17:42 EDTJPMJPMorgan settles mineral rights suit in Texas, Bloomberg says
JPMorgan settled a lawsuit by Texas mineral-rights owners that accused the bank of negotiating "sweetheart deals" with oil company clients to cheat them out of $681M in compensation, says Bloomberg. Beneficiaries of the South Texas Syndicate Trust alleged that JPMorgan entered into favorable deals for its commercial banking clients on the trustís rights in the Eagle Ford, added Bloomberg. Reference Link

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