- MarketWatch•1 hour ago
U.S. stocks fall, putting the Dow on track to end its record-setting streak as investors found few catalysts to pushing shares higher following 10 straight positive sessions.
- Reuters•1 hour ago
A U.S. judge on Friday rejected Cumulus Media Inc's (CMLS.O) bid to proceed with a refinancing plan that the second-largest U.S. radio network hoped would help reduce its $2.4 billion debt load, but was opposed by some lenders. The decision by U.S. District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta-based company filed in December, accusing JPMorgan Chase & Co (JPM.N) of withholding consent to parts of its refinancing plan. In its lawsuit, Cumulus said that JPMorgan's actions in its role as administrative agent under a 2013 credit agreement had threatened a deal it reached with bondholders that would deleverage the company by up to $305 million.
- The Fiscal Times•2 hours ago
The New York State Supreme Court on Tuesday ruled on a major lawsuit by two insurance companies against JPMorgan Chase, agreeing that the bank violated investment agreements by making reckless purchases of subprime mortgages, causing losses of more than $1 billion. In her ruling, judge Salliann Scarpulla said JPMorgan breached its investment agreements with the insurers — Ireland-based Ballantyne Re and Orkney Re II — but that the question of gross negligence remains unresolved. The decision is the latest stain on JPMorgan, the largest U.S. bank, which has been hit with record-breaking fines for mismanagement and misleading investors, among other offenses, in the wake of the housing market collapse in 2008.
JPM.L : Summary for JPMORGAN CHASE & CO COM STK USD - Yahoo Finance
JPMorgan Chase & Co. (JPM.L)
LSE - LSE Delayed Price. Currency in USD
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|Day's Range||90.17 - 90.46|
|52 Week Range||90.17 - 9,135.00|
|PE Ratio (TTM)||14.59|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|