Unit1 (Free subscription) | 20/11/2009
In response to legal and political pressure, JP Morgan Chase is removing the mandatory binding arbitration clause from its credit card contracts. Customers will receive a new member agreement reflecting the change first quarter 2010. The change comes the same day that a partial settlement was reached in a case accusing Chase and other credit card [...]
Payment News (Free subscription) | 20/11/2009
In an article titled "JPMorgan Chase Ends Credit Card Arbitration", Maria Aspan writes for the American Banker that JP Morgan Chase has joined Bank of America in abandoning mandatory arbitration clauses as part of their credit card agreements.
The Business Insider (Free subscription) | 20/11/2009
Earlier this week, The Business Insider alerted Yale's general counsel to a errors in its filings with the SEC. Yale had accidently reported that its $17 billion endowment had $60 billion worth of stock investments. When we brought this to Yale's attention, it promptly admitted the mistake and were thankful for the heads-up. Yesterday, Yale posted three amendments to correct the errors. So the report...
People Daily (Free subscription) | 20/11/2009
The U.S. Department of the Treasury announced its intention on Thursday to dispose of several warrant positions received in consideration for investments made under the Capital Purchase Program (CPP). Over the next month, Treasury intends to conduct auctions to sell its warrant positions in JP Morgan Chase & Co., Capital One Financial Corporation, and TCF Financial Corporation, said the department...
Big Cat News (Free subscription) | 19/11/2009
Help Big Cat Rescue win $1,000,000,00 by voting at this link: http://apps.facebook.com/chasecommunitygiving/charities/1259795 Facebook users will vote for the charity of their choice with the winner netting $1 million and five runner ups receiving $100,000. 100 finalists will each win $25,000 each. The program is called Chase Community Giving: You Decide What Matters and you an vote now through December...
Business Report (Free subscription) | 19/11/2009
The US investment bank JP Morgan Chase is set to unveil a huge deal to buy 190-year-old London stockbroker Cazenove, according to media reports.
France24 (Free subscription) | 19/11/2009
US investment bank JP Morgan Chase will later Thursday unveil a one-billion-pound (1.67-billion-dollar, 1.12-billion-euro) deal to buy 190-year-old London stockbroker Cazenove, a newspaper said. The bank is to pay about 535 pence a share for the 50-percent stake of Cazenove which it does not already own, the Financial Times said. Under the deal, Cazenove chairman David Mayhew would stay on and was...
France 24 (Free subscription) | 19/11/2009
US investment bank JP Morgan Chase will later Thursday unveil a one-billion-pound (1.67-billion-dollar, 1.12-billion-euro) deal to buy 190-year-old London stockbroker Cazenove, a newspaper said. The bank is to pay about 535 pence a share for the 50-percent stake of Cazenove which it does not already own, the Financial Times said. Under the deal, Cazenove chairman David Mayhew would stay on and was...
Sydney Morning Herald (Free subscription) | 19/11/2009
US investment bank JP Morgan Chase will later Thursday unveil a one-billion-pound (1.67-billion-dollar, 1.12-billion-euro) deal to buy 190-year-old London stockbroker Cazenove, a newspaper said.
The Age (Free subscription) | 19/11/2009
US investment bank JP Morgan Chase will later Thursday unveil a one-billion-pound (1.67-billion-dollar, 1.12-billion-euro) deal to buy 190-year-old London stockbroker Cazenove, a newspaper said.
Capitol confidential (Free subscription) | 18/11/2009
Aren’t these the people who want the state to refinance Tobacco Bonds? Not quite sure what to make of this, but this comes the July 15 Board of Elections filing for the NYS Democratic Senate Campaign Committee. It’s a $10,000 donation from JP Morgan Chase & Co. PAC — up from $4,500 they gave the Democrats [...]
State of the Division (Free subscription) | 18/11/2009
Senator John McCain showed a touch of Wall Street indignation on the Senate floor. He did so while skewering the looming health care reform bill. I decided to search McCain's donation history with Wall Street. 1. Merrill Lynch-$454,020 2. CitiGroup-$398,366 4. Goldman Sachs-$337,065 5. Morgan Stanley-$316,002 6. JP Morgan Chase-$272,960 7. UBS-$243,693 9. Credit Suisse-$216,053 10. Bank of America-$210,526...
TakePart Social Action Network™ (Free subscription) | 17/11/2009
Today, JPMorgan Chase announced a $1 million donation to help restore damaged areas of Central Park. After a summer storm destroyed parts of the park creating a lack of needed trees, the Central Park Conservancy began an appeal for donations to help clean the mess and replace the estimated 1,500 lost trees. Check out this this video about the damage: Why are trees so important? Trees produce oxygen,...
Pulse2 (Free subscription) | 17/11/2009
Facebook and JP Morgan Chase are partnering on a charity initiative that will allow any of the 300 million Facebook users to donate across 500,000 local charities. Facebook users vote for a charity of their choice and the number one choice will receive $1 million. The five runner ups will receive $100,000 and 100 finalists [...]
Seattle Times (Free subscription) | 16/11/2009
The Seattle Times disagrees with the argument by Jamie Dimon, chairman of J.P. Morgan Chase, that financial companies can be allowed to grow to any size and be allowed to fail.
Videos