Washington Mutual, another recent ward of the government, was restructured and quickly sold to jp morgan Chase.
That's like a 50 percent off sale, if you consider that BofA and jp morgan are pretty much the same size.
jp morgan Chase, Bank of America and Citigroup will all suffer billions more in credit losses before this recession is over.
Goldman trades at 1.6 times book value, while jp morgan Chase trades at one times book.
Major financial institutes, including jp morgan, ceased doing business with the IOR in 2012 because of a lack of transparency.
The bill was also, however, a potentially good development for mega bank jp morgan Chase.
In a rational world, Dimon would have been booted from jp morgan weeks ago.
The bailout crybabies of Goldman Sachs, jp morgan Chase, Wells Fargo, and all the rest are easy targets—and deserving ones, too.
But as horrible as this sounds, in 2012, Goldman Sachs and jp morgan are not looking for those type of people to begin with.
At normal funding costs, jp morgan would still be racking up huge losses.
surname, a very old Celtic name. As a type of horse, 1840, named for Justin Morgan (1747-1798), Vermont horse-breeder and music teacher; the breed was developed from a stallion he owned.
morgan mor·gan (môr'gən)
Abbr. M A unit for expressing the relative distance between genes on a chromosome based on the frequency with which the genes cross over; one unit equals a theoretical crossover value of 100 percent between two loci.
Morgan Mor·gan (môr'gən), Thomas Hunt. 1866-1945.
American biologist. He won a 1933 Nobel Prize for establishing the chromosome theory of heredity by his studies of the fruit fly Drosophila.