jpmorgan

Twitter didn't 'raise' capital, but JP Morgan still bought in

Twitter co-founder Biz Stone understands nuance. Reuters does not (at least not today).

The news giant (where I used to work) today has been hyping an exclusive interview with Stone, in which he says that Twitter has no IPO plans in the near future. Then there is this:

Asked about a Financial Times report last week that said a technology fund from JPMorgan was in talks to buy 10 percent of Twitter, MORE

JPMorgan sees $4.5 billion legal hit

Think you've got problems? Check out JPMorgan Chase's legal docket.

The second-biggest U.S. bank by assets said Monday that its legal losses in coming years could exceed the amount it has already set aside by as much as $4.5 billion.

That makes JPMorgan Chase (JPM), by its own assessment, the bank with the biggest legal headaches coming up, unseating Citi (C), which last week said its own costs could exceed reserves by MORE

JPMorgan's $907 million Madoff bonanza

Running a slush fund for Bernie Madoff was nice work for JPMorgan Chase while it lasted.

A new academic paper estimates the bank reaped nearly $1 billion in pretax profits over two-plus decades by servicing a checking account at the center of the giant Ponzi scheme.

The paper, by Linus Wilson of the University of Louisiana at Lafayette, says JPMorgan (JPM) earned $907 million on the Madoff account between 1986, when Madoff MORE

Jamie Dimon, bonus king

The recession is officially over for Jamie Dimon.

The JPMorgan Chase (JPM) CEO just got a $17 million stock bonus for 2010. That is the richest reward for a Wall Street chief so far this bonus season and pushes Dimon's pay back toward the levels that prevailed before the financial meltdown of 2008.

The big payday comes after the bank posted a 48% profit gain for the past year. Investors are now waiting for JPMorgan to MORE

3 reasons why JP Morgan's "Twitter" fund is overhyped

We learned a lot last month when Goldman Sachs (GS) tried raising over $1 billion from wealthy clients to invest in Facebook. Stuff about SEC marketing policies, shareholder limits and the social network's underlying financials. Above all else, however, we learned the following equation:

Big bank + social media company + money = Media hyperventilation

Today we have our second "proof," with news that JPMorgan Chase (JPM) is raising a fund that MORE

Military foreclosure debacle roughs up Dimon

Even America's favorite banker can't win a shootout with the U.S. military.

So it is with JPMorgan Chase (JPM) chief Jamie Dimon. He strode into the foreclosure fiasco last fall with guns blazing, as usual, claiming Chase wouldn't be tarnished by the banking industry's mortgage misbehavior.

But Dimon has been silenced by the news this week that Chase improperly foreclosed on 14 military families and milked 4,000 others of $2 million in MORE

JPMorgan banker pay slips -- to $369,651

JPMorgan bankers had another big year, though by their standards it wasn't anything to write home about.

The average worker at the investment banking unit of JPMorgan Chase (JPM) made $369,651 last year, according to numbers (see page 10) released Friday in the bank's fourth-quarter earnings report. That's down 2% from a year ago and in line with the investment bank's 4% annual profit decline.

The bank actually set aside a bit more MORE

JPMorgan profit surges despite mortgage hit

JPMorgan Chase posted a stronger-than-expected fourth-quarter profit, even as it bolstered its reserves for mortgage-related legal expenses for the second straight quarter.

The New York-based bank made $4.8 billion, or $1.12 a share, for the latest quarter. That is up from a profit of 74 cents a share a year earlier and compares with the Wall Street analyst consensus estimate of 99 cents a share.

JPMorgan (JPM), the No. 2 U.S. lender by assets after MORE

Can JPMorgan Chase get its mojo back?

Fans are crossing their fingers they'll soon see the swaggering, old JPMorgan again.

JPMorgan Chase (JPM) was the biggest winner in the financial crisis, scooping up Bear Stearns and Washington Mutual on the cheap and riding out the stock market collapse. Already well connected, Jamie Dimon & Co. got one more string to pull this month when longtime executive William Daley signed on to run the White House.

Yet lately the No. MORE

Finance types praise Daley

The money crowd just can't stop gushing about William Daley – but not, they stress, because he's a banker.

Daley is best known as son of the late Chicago mayor Richard Daley, brother of the current Chicago mayor of the same name and as a high-ranking Clinton administration trade official in the late 1990s.  He is now a top associate of the nation's most powerful finance executive, JPMorgan Chase (JPM) chief MORE