Post Tagged with: "JP Morgan"

Source: CNBC

JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge

CNBC


JPMorgan economists now see an economic contraction in the first quarter due to the spreading coronavirus and related restrictions being imposed by states and cities.

The new forecast is a departure from Wall Street’s widely held view that the …

November 20, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

J.P. Morgan settles lawsuit that accused firm of ‘spoofing’ precious metals markets trades

CNBC


J.P. Morgan Chase has quietly settled a long-running lawsuit that accused the bank of manipulating precious metals markets with “spoofing” trades.

And the bank is set to pay $920 million to resolve government investigations for similar alleged conduct in …

September 29, 2020 - 2:00 pm Closing Bell Story‎, Finance, Regulatory
Source: CNBC

Jamie Dimon says he’s OK with higher taxes on the rich, but wealth tax is ‘almost impossible’

CNBC


SINGAPORE — J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it.

“A wealth tax is almost impossible to do,” he told …

September 23, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

Morgan Stanley not given advisory role on Aramco pipeline sale: sources

Reuters


LONDON/DUBAI  – Morgan Stanley (MS.N) has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters.

The U.S. investment …

Source: Reuters

Traders Beware: U.S. taps new tools to find fraud in volatile commodities market

Reuters


WASHINGTON – When the U.S. Department of Justice charged a handful of JP Morgan Chase & Co (JPM.N) traders in 2018 and 2019 with alleged commodities futures manipulation, it wasn’t the first time the government had probed …

Source: CNBC

Coronavirus-earnings season: What to expect as companies begin to report Tuesday

CNBC


JPMorgan Chase kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly.

 But there’s some good news:

 1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and
April 13, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Earnings, Economy, Finance
Source: CNBC

JAMIE DIMON WARNS: We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis

CNBC


JPMorgan Chase chief Jamie Dimon said Monday he expects the coronavirus crisis to include a “bad recession” and elements of financial strain similar to the 2008 downturn.

The chairman and CEO of the biggest U.S. bank said that while

April 6, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎
Source: Reuters

JP Morgan raises 2020 oil price view on OPEC+ cuts, improved economic outlook

Reuters


JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets.

The investment bank …

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford

Small U.S. oil and gas companies get cold shoulder from large banks

Reuters


The largest banking lenders to the U.S. oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, …

October 28, 2019 - 8:10 am Borrowing Base, Closing Bell Story‎, Energy News, Finance
Source: Ithaca Energy Limited

Ithaca Energy Acquires Chevron North Sea Limited for $2 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Ithaca will now be second largest producer in North Sea
Ithaca Energy Limited will be acquiring Chevron North Sea Limited (stock ticker: CVX) for $2 billion, adding 10 producing field interests

Source: Canadian Natural Resources

Devon Energy Sells Canada for $2.8 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Devon looks to focus on oil-based growth in U.S., departs Canada
Canadian Natural Resources Limited (stock ticker: CNQ) inked a deal this Wednesday to acquire Devon Energy Corp.’s (stock ticker: DVN)

Banks Increasing Loan Loss Reserves as Exposure to Low Oil Prices Spreads

Banks Increasing Loan Loss Reserves as Exposure to Low Oil Prices Spreads

JP Morgan Chase & Co. increases oil and gas loan loss reserves by 61%

JP Morgan Chase & Co. plans to increase its reserves to cover potential oil and gas loan losses by 61% this quarter, reports Reuters. The …

February 23, 2016 - 4:32 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles