The Reserve Bank on Friday imposed a penalty of Rs 5 lakh on US banking major JP Morgan Chase for violation of various norms including risk-management guidelines.
In a brief letter to his colleagues and shareholders, Dimon disclosed that the cancer was detected quickly and is confined to the original site and adjacent lymph nodes on the right side of his neck with no evidence of cancer elsewhere in his body.
Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative trades, says a media report.
JP Morgan Chase & Co plans to set up an offshore research department in Mumbai, in Wall Street's newest effort to lower costs in the face of weak equities business and a stricter regulatory environment.
The plan is the most ambitious move by an international investment bank to take advantage of the low cost of highly educated staff in India.
The US regulators on Wednesday fined Citigroup, American Express, J.P. Morgan Chase & Co and Putnam Investments a combined $81.25 million for failing to provide customers with necessary information about mutual funds.
The bank is facing a slew of government legal actions.
He also called for tough and effective reforms so that when such mistakes happen, they are modest in size and the financial system can handle them well.
Epstein claimed this was due to the consequences of 'sex with Russian girls'.
JP Morgan Chase is planning to slash nearly 21 per cent of workforce and lay off 4,000 employees by January at Washington Mutual, which was acquired by the investment banking major in September.
Nasscom on Monday said the US clarification that the H-1B visa fee hike will not affect current visa holders and will apply as a one-time fee only to fresh petitions has helped address the immediate ambiguity surrounding eligibility and timelines.
The magnitude of the new H-1B visa application fee for fresh petitions - math of which works out to USD 500 million in case of 5,000 filings - may nudge IT companies to expand offshore delivery or increase local hiring, according to Motilal Oswal Financial Services.
United States President Barack Obama's estimated assets for the last year are valued at $8 million (Rs 43.3 crore), his latest annual financial disclosure forms show and he has up to $1 million (Rs 5.4 crore) in the JP Morgan Chase, the bank which is under the Federal Bureau of Investigation scanner.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed. Looking ahead to March, the outlook for FPI flow appears promising, provided the current economic trajectory and corporate performance sustain their positive momentum, potentially continuing to attract foreign investment into Indian equities, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said.
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
Finance -- the most battered sector by the global meltdown -- is making a strong comeback.
The United States government appointed pay czar will review the executive compensation packages at 419 bailed out companies including Goldman Sachs and JP Morgan Chase.
Crisis-hit SpiceJet hopedul of a turnaround.
Market data service provider Capital IQ is buying smaller rival TheMarkets.com for $300 million, says a media report.
American CEOs on Friday identified poor infrastructure and bureaucratic delays as major deterrents to US investments in India, while making a strong pitch for further liberalisation in the financial and retail sector.
Bollywood impresario Vijay Taneja was sentenced to 84 months in jail followed by three years of supervised release, and ordered to pay $33 million in restitution to four financial organisations, on charges of money laundering. Taneja, under the banner of Elite Entertainment, has been promoting Bollywood celebrities like Shah Rukh Khan and Aishwarya Rai for shows across the United States.
The co-chairs of the US-India CEO Forum have stressed the need to continue 'liberalisation' of economic policies between the two countries, saying it is 'critical' for building a strong business cooperation.
Sania gave a tough fight before losing 3-6, 6-1, 4-6 against Iveta Benesova at the WTA JP Morgan Chase Open in USA.
The sale of Daewoo assets in Surajpur to Crosslinks, a company floated by former Hyundai executive B V R Subbu and Spicejet promoter Ajay Singh, has hit a legal quagmire with a slew of new players staking a claim for the 205-acre land.
The 17-year-old withdrew from next week's JP Morgan Chase Open following her unexpected victory at Wimbledon.
Revising inflation forecast upwards would be positive
L&T-Infrastructure Development Projects Limited will divest 21.6 per cent stake to Silver Peak Investments (Mauritius) and an India Development Fund-led consortium for Rs 550 crore.
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