Integration of Washington Mutual progressing well, CEO says
J.P. Morgan to acquire Canadian energy business from UBS
Investment bank unit sees profits improve
JPM also announced that it intends to offer US$8 billion of its common stock to bolster its capital
Earnings hit by unfavorable credit environment and market conditions
The Federal Reserve Bank of New York has completed financing arrangements to facilitate J.P. Morgan Chase & Co.’s acquisition of Bear Stearns Companies Inc.The New York Fed has extended a $28.82 billion loan, and J.P. Morgan Chase has extended a $1.15 billion loan, to a Delaware limited liability company. The LLC, which will be consolidated […]
Fitch Ratings has affirmed the rating on J.P. Morgan Chase & Co. (JPM), with a stable trend, citing the firm’s diversified revenue mix and emphasis on strong balance sheet fundamentals.These strengths have largely offset market headwinds in the credit and capital markets, Fitch says. “JPM’s comparatively limited exposure to many structured products has clearly benefited […]
Investment banking division hit hardest
Share swap now complete
The probability that J.P. Morgan Chase & Co. will complete its proposed acquisition of Bear Stearns Companies, Inc. has increased under the amended deal announced yesterday, says Fitch Ratings.That said, the rating agency has not modified its ratings of Bear Stearns, as significant risk to Bear Stearns debtholders remains if the transaction is not completed.Fitch […]