Market Watch (Free subscription) | yesterday
J.P. Morgan Chase & Co., which has its own experience in cleaning up damage from the credit crisis, may now be peddling its expertise overseas.
Market Watch (Free subscription) | yesterday
LONDON (MarketWatch) -- J.P. Morgan Chase & Co. has held talks with several other firms about forming a consortium to break up U.K. bank HBOS according to a report in the Daily Telegraph newspaper Friday. J.P. Morgan has approached a large Australian bank, thought to be National Australia Bank, as well as private equity firms and may also approach Santander the newspaper said, citing...
DealBook (Free subscription) | yesterday
JPMorgan Chase has held talks with potential partners about forming a consortium to break up British bank HBOS, The Telegraph reported. JPMorgan has reportedly spoken with National Australia Bank, named by the Telegraph as a potentially interested party. The Australian lender played down the report, however, while an industry source in the United Kingdom told Reuters [...]
Reuters UK (Free subscription) | 07/24/2008
FRANKFURT (Reuters) - German car parts group Continental has mandated JPMorgan to help it work out a defense strategy against an unsolicited takeover bid by Schaeffler, financial sources told Reuters on Thursday.
Market Watch (Free subscription) | 07/24/2008
LONDON (MarketWatch) -- J.P. Morgan downgraded AT&T Inc. to neutral from overweight, saying it expects further deterioration of wireline fundamentals and that wireless margin may take longer than expected to improve. "We believe second quarter results reflect the strong effect the economy and competition are having on AT&T's wireline business as demonstrated by rapidly rising access line losses...
Business Wire (Free subscription) | 07/24/2008
CHICAGO--(BUSINESS WIRE)--JPMorgan has awarded PFGBEST.com its “2007 Elite Quality Recognition Award.” PFGBEST.com effected
The Earth Times Online Newspaper (Free subscription) | 07/24/2008
CHICAGO - JPMorgan has awarded PFGBEST.com its “2007 Elite Quality Recognition Award.” PFGBEST.com effected greater than 20 percent efficiency improvements in multi-currency clearing in 2007 and continues to increase its volumes
DealBook (Free subscription) | 07/24/2008
European banks will write down a further 17.6 billion euros, or $27.7 billion, this year and cut dividends in 2009 as they catch up with United States rivals in marking down leveraged loans and subprime assets, JPMorgan Chase analysts said Wednesday. Write-downs after the first quarter will be larger than their initial estimate of 13 billion [...]
Banking Business Review (Free subscription) | 07/24/2008
JPMorgan Chase, a provider of cash management, trade finance, and treasury solutions, has opened two new International Image Deposit Centers in Taipei and Bangkok.
Banking Times: Daily Banking News (Free subscription) | 07/24/2008
JPMorgan has opened a two new International Image Deposit Centres in Taipei and Bangkok. The openings bring its total centre number to 14, with the others sited in Bournemouth, Frankfurt, Hong Kong, Madrid, Milan, Mumbai, Paris, Seoul, Shanghai, Singapore, Tokyo and Zurich. The new centres will allow clients to retain their cash letter operations whilst permitting them [...]
Market Watch (Free subscription) | 07/23/2008
LONDON (MarketWatch) -- J.P. Morgan downgraded Telefonica to neutral from overweight on worries over Vodafone Group's report of slowing Spanish service revenue growth as well as worries over the U.K., Germany and the Czech Republic. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Business Wire (Free subscription) | 07/23/2008
NEW YORK--(BUSINESS WIRE)--JPMorgan, a full-service provider of cash management, trade finance, and treasury solutions, today announced the opening of two new International Image Deposit
Business Wire (Free subscription) | 07/23/2008
CHICAGO--(BUSINESS WIRE)--Fitch Ratings removes from Rating Watch Negative and downgrades 7 classes of J.P. Morgan Chase Commercial Mortgage Securities Corp., pass-through certificates,
International Herald Tribune (Free subscription) | 07/23/2008
Writedowns after the first quarter will be larger than their initial estimate of €13 billion, and may amount to as much as €38.6 billion this year, the bank estimated.
The Earth Times Online Newspaper (Free subscription) | 07/23/2008
CHICAGO - Fitch Ratings removes from Rating Watch Negative and downgrades 7 classes of J.P. Morgan Chase Commercial Mortgage Securities Corp., pass-through certificates, Series 2007-FL1, as follows: --$11.9 million class RS-1 to 'BB+ from 'AA-'; --$12.8
