jp morgan

Profits at the US banks JP Morgan Chase and Wells Fargo drop sharply - but beat Wall Street's fears.

The assets of the nation's largest savings and loan were seized Thursday by the government and sold to JP Morgan Chase for $1.9 billion dollars.

The sale spares the government from having to spend more taxpayer dollars on what would have been a costly bailout.

Sara Lerner reports for member station KUOW in Seattle.

Morgan Stanley and JP Morgan buy back billions of dollars worth of securities following a widespread US probe.

JP Morgan Chase says it has sustained $1.5bn in losses related to the sub-prime crisis since the end of June.

JP Morgan Chase sees profits in the second three months of 2008 fall, partly because of mortgage-related write-downs.

Shareholders of US investment bank Bear Stearns will decide whether to agree its sale to JP Morgan Chase.

SanDisk on Tuesday announced mobile phone storage cards available in 2GB, 4GB and 8GB versions. The rub: SanDisk has already warned that business has slowed so it’s unclear whether folks will buy premium storage for mobile phones.

Better-than-expected earnings reports from Dow components Intel, Coca-Cola and JP Morgan fired up a strong stock market rally early Wednesday.

JP Morgan Chase sees profits in the first three months of 2008 fall, partly due to the credit crisis.

Stocks waned Thursday morning as investors parsed a surprise jump in weekly jobless claims, a downgrade of tech leader Cisco and the start of the Senate hearing on JP Morgan's 11th-hour buy of Bear Stearns.