Friday, May 18, 2012 12:00 AM - Reuters
ANALYSIS: Shooting from the hip may have got Jamie Dimon into deep trouble -- shooting straight may help to get him out of it.
Thursday, May 17, 2012 12:00 AM - Reuters
Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion US, sources tell Reuters.
Wednesday, May 16, 2012 12:00 AM - Reuters
JPMorgan Chase & Co. was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion US.
Tuesday, May 15, 2012 12:00 AM - Grant Robertson and Rita Trichur, The Globe and Mail
Canadian Imperial Bank of Commerce has become the first bank to strike a deal with a major wireless carrier to allow customers to carry a digital wallet on their mobile phone, announcing an agreement with Rogers Communications Inc.
Tuesday, May 15, 2012 12:00 AM - Reuters
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
Monday, May 14, 2012 12:00 AM - Bertrand Marotte, The Globe and Mail
Governments should refrain from the temptation to tighten regulation of the financial services industry, despite incidents like the recent $2 billion (US) trading loss at JPMorgan Chase & Co., said Power Financial Corp.'s chief executive.
Monday, May 14, 2012 12:00 AM - Reuters
Canadian banks presented a blueprint on Monday that will enable consumers to pay for goods with a tap of their smartphones, as financial institutions seek to take advantage of existing infrastructure that can support mobile payments.
Monday, May 14, 2012 12:00 AM - Reuters
Financial services company Power Financial reported a flat quarterly profit on Monday as higher insurance earnings were offset by slower sales of mutual funds, but gains from the sale of two European assets bolstered the bottom line.
Monday, May 14, 2012 12:00 AM - Reuters
JPMorgan Chase & Co sacrificed investment chief Ina Drew on Monday in response to trading losses that could reach $3 billion US or more and which have tainted the reputation of the bank's high profile chief executive Jamie Dimon.
Friday, May 11, 2012 12:00 AM - BNN.ca staff
BEST OF BNN: JPMorgan Chase & Co.'s $2-billion US trading loss has some observers saying the company's high profile CEO, Jamie Dimon, should bear responsibility for hit.