JP Morgan
U.S. Stock Futures Signal More Losses After 2016 Gains Wiped Out
published Jun 26th 2016, 6:38 pm, by Joseph Ciolli and Anna-Louise Jackson (Bloomberg) — The selling continued in American stocks after investors suffered the worst day since August on Friday following the U.K. referendum. Index futures on the S&P 500 Index fell 0.6 percent to 2,005.75 as of 7:31 p.m.
Apple Pay Competitor Delays Product, Cuts About 30 Jobs
published May 16th 2016, 8:06 pm, by Olivia Zaleski (Bloomberg) — Merchant Customer Exchange, a mobile payments company started by major retailers including Wal-Mart Stores Inc., said it will eliminate 30 employees and postpone the national introduction of its highly publicized product, a would-be Apple Pay competitor. The staff cuts
Ex-JPMorgan Broker Gets 5 Years for Gambling Clients’ Funds Away
©2016 Bloomberg News O3QLDB6JIJUY (Bloomberg) — A former JPMorgan Chase & Co. broker who said he stole millions of dollars from customers because his brain was “hijacked” by an addiction to sports gambling was sentenced to five years in prison. Michael Oppenheim, who at one point had about 500 clients
Matt Levine’s Money Stuff: Big Banks, Big Bonds and Big Jackpots
©2016 Bloomberg View O0Y3V76KLVR7 JPMorgan JPMorgan tweeted its earnings this morning. They were good, at $1.32 per share, up quarter-on-quarter but down year-on-year, and “much of the improvement in profit came from continuing cuts to the bank’s expenses and work force.” Here are the press release, thepresentation and the financial supplement. Elsewhere in big