Nigeria’s currency is at risk of being devalued after President Goodluck Jonathan suspended the central bank governor last week, eroding confidence in monetary policy and sending the naira to a record low. The naira, which rose for the first time in six days yesterday, posted its biggest five-day drop in […]
Tag: JPMorgan Chase & Co
JPMorgan profit hit by Madoff, weaker investment banking
JPMorgan Chase & Co posted a 7.3 percent decline in quarterly profit on Tuesday, as legal woes and weak demand for investment banking services capped off a tough year for Chief Executive Jamie Dimon. The largest U.S. bank had $1.1 billion of legal expenses in the fourth quarter, about $850 […]
JPMorgan in talks to settle government probes for $11 billion: sources
JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday. The sum could include $7 billion in cash and $4 billion for consumers, said the sources, who asked not to be […]
