JPMorgan Chase

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New York News: Queens Man, James Bayfield Sentenced to 21 Months in Prison for Defrauding Mortgage Lending Institutions

Brooklyn, N.Y. – Earlier today, in federal court in Brooklyn, James Bayfield was sentenced by United States District Judge Eric N. Vitaliano to 21 months’ imprisonment, to be followed by three years of supervised release, for conspiracy to commit bank and wire fraud. Bayfield was also ordered to pay $184,651 in forfeiture. Bayfield, a self-described … Continue reading New York News: Queens Man, James Bayfield Sentenced to 21 Months in Prison for Defrauding Mortgage Lending Institutions →

Business

NEW YORK | JPMorgan 3Q profits rise 24 percent, helped by lower taxes

NEW YORK — JPMorgan Chase & Co. said Friday that its third-quarter profits rose by 24 percent from a year ago, helped by a lower tax bill and higher interest rates, which allowed it to charge more for loans to consumers and businesses alike. That was enough to make up for a less-than-stellar quarter in … Continue reading NEW YORK | JPMorgan 3Q profits rise 24 percent, helped by lower taxes →

Business

WASHINGTON | Trump scoffs at ‘nervous mess’ Dimon, says he’s not smart

WASHINGTON — The nation’s top elected leader and its most powerful banker are fighting over who is smarter. Really. President Donald Trump early Thursday scoffed at JPMorgan Chase CEO Jamie Dimon‘s claim that he could “beat” Trump and is just as tough and smarter than the president. “The problem with banker Jamie Dimon running for … Continue reading WASHINGTON | Trump scoffs at ‘nervous mess’ Dimon, says he’s not smart →

General

NEW YORK | Stocks end slightly lower as traders shrug off trade talk

NEW YORK  — U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency. Companies including Microsoft and Honeywell rose as investors were pleased with their quarterly reports, but General Electric stumbled. … Continue reading NEW YORK | Stocks end slightly lower as traders shrug off trade talk →

Business

SINGAPORE  | Asian shares mostly lower, weighed by trade tensions

SINGAPORE  — Asian markets were mostly lower on Tuesday following a mixed day on Wall Street, as tensions over U.S. tariffs overshadowed data suggesting global growth is still on track. KEEPING SCORE: Japan’s benchmark Nikkei 225 bucked the regional trend, gaining 0.4 percent to 22,697.36 after reopening from Monday’s public holiday. South Korea’s Kospi lost … Continue reading SINGAPORE  | Asian shares mostly lower, weighed by trade tensions →

Business

NEW YORK | US stocks rise again as trade worries take back seat

NEW YORK — U.S. stocks climbed with other markets on Monday as worries about trade tensions between the United States and the rest of the world took a back seat. The world’s two largest economies took their biggest steps yet on Friday in a brewing global trade war after the United States and China imposed … Continue reading NEW YORK | US stocks rise again as trade worries take back seat →

General

Amazon, Buffett, JPMorgan pick Gawande to lead health firm

Amazon, JPMorgan Chase and Berkshire Hathaway have picked well-known author and Harvard professor Dr. Atul Gawande to transform the health care they give their employees. The three corporate titans said Wednesday that Gawande will lead an independent company focused on a mission they announced earlier this year: figuring out ways to improve a broken and … Continue reading Amazon, Buffett, JPMorgan pick Gawande to lead health firm →

General

NEW YORK | Big banks saved $3.6B in taxes last quarter under new law

NEW YORK | April 20, 2018 (AP)(STL.News) An analysis by The Associated Press shows the nation’s six big Wall Street banks saved at least $3.59 billion in taxes last quarter, thanks to the recently enacted Trump tax law. Banks typically kick off the earnings season, and their reports for the January-March quarter are giving investors and … Continue reading NEW YORK | Big banks saved $3.6B in taxes last quarter under new law →