Tag: JPMorgan Chase & Co

• Wednesday, April 10th 2019 - 09:27 UTC

  Saudi's oil company Aramco plans to borrow US$ 12bn in its debut bond sale

  

  Saudi Aramco is planning to borrow US$12 billion in its debut bond sale as the oil giant pulls off one of the most oversubscribed debt deals of all time. Investor orders for the dollar bonds reached an excess of US$100 billion at the peak on Tuesday, according to market experts

• Thursday, May 21st 2015 - 07:08 UTC

  Five world leading banks fined 5.7bn dollars for manipulating foreign exchange markets

  

  Five of the world's largest banks are to pay fines totaling $5.7bn for charges including manipulating the foreign exchange market. Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges, while the fifth, UBS from Switzerland will plead guilty to rigging benchmark interest rates.

• Thursday, December 4th 2014 - 05:09 UTC

  Rousseff promises JPMorgan investors a balanced budget and full support of Levy

  

  President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.

• Wednesday, October 8th 2014 - 08:16 UTC

  Whoever wins Uruguayan election, no major changes in policy, says US bank

  

  Under the heading of “Emerging markets prospects and strategy” the US bank group JPMorgan-Chase states that no matter who wins in Uruguay's 26 October presidential election, “we do not expect significant changes in the framework of current policy”.

• Tuesday, January 7th 2014 - 23:28 UTC

  JP Morgan will pay 1.7bn dollars penalty related to Bernard Madoff's fraud

  

  JPMorgan Chase & Co will pay a 1.7 billion dollars penalty to settle charges by US federal authorities that the bank failed to report suspicious activity relating to Bernard Madoff's Ponzi scheme.

• Wednesday, November 20th 2013 - 04:38 UTC

  JP Morgan agrees to pay record 13bn settlement for misleading investors

  

  US bank JP Morgan has agreed to a record 13 billion dollars settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation. The bank acknowledged it made “serious misrepresentations to the public”, but said it did not violate US laws.

• Wednesday, October 23rd 2013 - 00:01 UTC

  JP Morgan faces record 13 billion dollars fine for mortgage-backed securities

  

  US banking giant JP Morgan is set for a record 13 billion dollars fine to settle investigations into its mortgage-backed securities, US media reports have said. A tentative deal is believed to have been reached in talks with senior US Justice Department officials.

• Friday, September 20th 2013 - 20:58 UTC

  JP Morgan-Chase pays hefty fine in the US and UK; former staff face criminal charges

  

  US bank JP Morgan Chase has agreed to pay four regulators 920 million dollars relating to a 6.2bn loss incurred as a result of the “London Whale” trades. The settlement is the third biggest banking fine by US regulators, and the second largest by UK regulators. As part of the deal JP Morgan admitted violating US federal securities laws.

• Saturday, July 27th 2013 - 20:13 UTC

  US largest bank moving out of the commodities business; Congress investigation

  

  New York-based JPMorgan, the largest US bank, said that it’s “pursuing strategic alternatives,” including the sale or spin-off of its commodities business, after an internal review. The statement came three days after a US congressional hearing investigated whether deposit-taking banks should be allowed to trade raw materials such as oil and industrial metals.

• Wednesday, May 8th 2013 - 09:19 UTC

  Uruguay’s inflation in April eased for third month running, but remains above target

  

  Inflation in Uruguay during April slowed down for third month running, according to the latest release from the country’s Statistics Office, INE. Consumer prices in the fourth month of the year climbed 0.45% with inflation in the last twelve months reaching 8.14%, compare to 8.54% in March.