James Dimon says the regulatory cloud is lifting above J.P. Morgan Chase & Co. But the CEO still forecasts some squalls ahead. In his annual shareholder letter released late Wednesday, Mr. Dimon blamed legal and regulatory costs for weighing on the firm’s share price but said he expects the firm’s legal costs to “normalize” in 2016. The chief executive said the bank still faces legal uncertainty, highlighting continuing foreign-exchange settlement
For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. At the top of the list are the same Wall Street banks that financed the biggest energy boom in U.S. history, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co.
When the National Cannabis Industry Association descends on Capitol Hill later this month, Tommy Chong, the actor who spent years smoking up on screen and pushing for America to legalize marijuana, won’t be there.
The former Treasury secretary said regulators should make a priority of addressing the problems of bond market liquidity, brought on by efforts to make institutions safer after the crisis.
Apple Inc said on Thursday demand for its new smartwatch would exceed supply when the gadget hits stores on April 24. Apple said it saw “tremendous interest” for the watch from people visiting its stores and website. The Apple Watch could make life easier for people on the move, but the gadget got poor marks for battery life and slow-loading apps from reviewers.
DJ Patil is still settling into his White House office. It’s by far the most prestigious place he’s ever worked, but it looks more like a bootstrapping startup than a precinct of Washington power.
Fewer Americans applied for unemployment benefits over the past four weeks than at any time in almost 15 years, signaling underlying strength in the labor market even as hiring cooled last month.
David Roche, global strategist at Independent Strategy, says the minutes from the previous FOMC meeting contain no message about when the Fed could lift interest rates.
By Jonathan Kaminsky NEW ORLEANS (Reuters) – Robert Durst, the real estate scion awaiting extradition to California to face a murder charge, was due back in a Louisiana court on Thursday to face a new indictment on firearms offenses stemming from his arrest last month in New Orleans. Prosecutors in California have been seeking Durst’s return to Los Angeles County, where he stands accused of the December 2000 slaying of
