Page 13 - Jp Morgan

JP Morgan demands loan repayment of Rs 268 cr from M&M SsangYong Motor Co

JP Morgan has sought repayment of loan worth 40 billion Korean wons from Mahindra & Mahindra's troubled foreign arm SsangYong Motor Company (SYMC) but the South Korean auto maker has expressed its inability to pay the amount now. Following the Korean automaker's application for rehabilitation dated December 21, JP Morgan issued a notice to the cash-strapped firm demanding the repayment of an outstanding loan amount of 40 billion KRW (around Rs 268 crore with interest), M&M said in a regulatory filing. "SYMC has today intimated to the Korean Stock Exchange that it could not repay the loan amount of 40 billion KRW to JP Morgan on account of its application for rehabilitation," it added. The Korean automaker has outstanding loans aggregating to 100 billion Korean Won (around Rs 680 crore) from Seoul-based branches of JP Morgan Chase Bank, BNP Paribas and Bank of America. Last week, M&M had informed the bourses that SYMC has missed repayments of loans aggregating to 60 ...

Mahindra's Ssangyong misses loan repayment of Rs 480 cr to JP Morgan

M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes

JP Morgan sees possible $300 billion rebalancing flow from stocks

If the stock market rallies into December, there could be an additional $150 billion of equity selling into the end of the month pension funds that tend to rebalance on a quarterly basis

India's all-time high share market sparks talk of further upside for stocks

Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Asset Management are among a number of prominent names talking up prospects for the country's shares in recent days

'Orderly' Trump win most favourable outcome for equities, says JPMorgan

A clean sweep by Democrats would be "mostly neutral" for markets, JPM said in a note received on Monday

JPMorgan sticks with plan to build giant headquarters in New York

"We're building that headquarters for 50 years! It is not a short-term decision," Dimon said during a call with reporters after posting quarterly results

JPMorgan, Citigroup profits improve amid signs of economic recovery

Two of the nation's biggest banks JPMorgan Chase and Citigroup said Tuesday that their profits improved markedly over the summer

JPMorgan to pay $920 mn for manipulating precious metals, treasury market

(Reuters) - JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.

India making progress on global debt index debut, says JPMorgan

Reuters on Monday reported JPMorgan had kept Indian bonds out of its flagship indices

JP Morgan decides against including India's govt bonds in EM index

India has one of the largest local currency government bond markets among emerging-market economies with over $800 billion in debt stock

Employees and customers broke law on Covid-19 loan, says JPMorgan

The bank said it had discovered "conduct that does not live up to our business and ethical principles - and may even be illegal"

Have the markets topped out? Here's what leading brokerages think

Though most analysts expect the global central banks to keep the liquidity tap open that should keep the markets supported, valuations of the Indian markets, they say, are beginning to look stretched

Morgan Stanley posts record profit on trading boom amid Covid-19 crisis

Trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup

Banks stockpile billions as they prepare for things to get worse

Collectively, JPMorgan Chase, Citigroup and Wells Fargo have put aside $25 billion during the second quarter, they said. As a result, their quarterly profits plunged.

JP Morgan beats estimates on trading boost, braces for rising defaults

JP Morgan's trading revenue surged 77% in a quarter that saw record-breaking volumes in financial markets.

S&P 500, Dow Jones rise after mixed bank earnings; tech-heavy Nasdaq falls

Largest US lender JP Morgan Chase & Co was up 0.2% after it posted a smaller-than-expected 51% drop in second-quarter profit.

JP Morgan Funds buys TCS shares worth Rs 247 cr via open market transaction

The block deal data on BSE showed that JP Morgan Funds bought over 11.23 lakh shares of TCS at an average price of Rs 2,199 apiece, and the total deal value stood at Rs 246.98 crore.

JP Morgan drops terms 'master', 'slave' from internal tech code & materials

The terms had appeared in some of the bank's technology policies, standards and control procedures, as well in the programming code that runs some of its processes

ED to question JP Morgan officials including Chinese director over Amrapali

Officials probing money laundering crimes said this is the first time that the apex court has sought transfer of such funds in its accounts after being satisfied with the provisional attachment order.

JPMorgan, Bank of America, Citi among banks facing US probe over PPP loans

"The banks' wealthiest clients had access to a personalized application process that ensured their applications were processed first," according to the letters sent by the committee Monday