Source: The Associated PressThe bank used most by Bernard Madoff was “wilfully blind”and “thoroughly complicit” in the disgraced financier’s epic fraud, lawyers working for a court-appointed trustee alleged Thursday.J.P. Morgan Chase responded by accusing trustee Irving Picard of “blatantly distorting” the bank’s role.Picard is in the midst of a nearly two-year quest to recover funds […]
Asset management net income was up 11%
Firm failed to segregate billions of dollars of its clients’ money for nearly seven years
Bank cashes in on market rally
Harrison hired to head Canadian energy investment banking
Cheque image archive launched
Credit costs remain high
Following on the heels of Goldman Sachs’ blowout second quarter results, J.P. Morgan Chase & Co. Thursday reported a standout performance of its own, although the impact of the uglier credit cycle is more evident in its results.The U.S. banking giant reported second quarter net income of US$2.7 billion, up 36% from the same period […]
But bank’s Q1 financial permformance to date is “solidly profitable”
J.P. Morgan has completed its acquisitions of UBS Commodities Canada Ltd. and UBS AG’s global agricultural business, the Wall Street investment bank announced Monday.UBS Commodities Canada Ltd., which is based in Calgary, is now known as J.P. Morgan Commodities Canada Corp. The firm said that the acquisition expands its global commodities business into the Canadian […]