Tianhe Chemicals IPO follows boss' daughter to UBS

JPMorgan saw the Tianhe Chemicals deal go to UBS, where one of the US bank's former employees had moved. Photo: AFP

Mary had a little lamb, Joyce Wei has an IPO. Wherever the daughter of Tianhe Chemicals chairman Wei Qi goes, follows the potential US$1 billion IPO deal.

Wednesday, 22 January, 2014, 4:37pm 9 comments

No pay rises for JPMorgan employees on average as legal woes slash bank's profit

Without legal settlements, JPMorgan’s profit would have been about 27 per cent higher in the first three quarters than in the same period last year. Photo: Reuters

JPMorgan Chase plans to keep overall compensation per employee roughly flat this year from last year, lagging gains at rivals, as the bank’s massive legal settlements weigh on its results, two sources familiar with the matter said.

22 Nov 2013 - 5:11pm

JPMorgan to pay US$4 billion for consumer relief in deal with US government

The US$4 billion package is part of a forthcoming US$13 billion deal with the government. Photo: Reuters

JPMorgan Chase and US government officials have agreed on terms of a US$4 billion consumer relief package that is to be part of a US$13 billion deal to settle the bank’s liability to government agencies over mortgage securities, according to a person familiar with the matter.

19 Nov 2013 - 10:42am

New probes at JPMorgan, China Mobile

JPMorgan becomes the latest western firm to get caught in a China-related probe. Photo: AFP

When the history books are written, 2013 could easily be named the "Year of the Probe" for firms in China, following a steady stream of new investigations into various companies that began in July.

19 Aug 2013 - 6:01pm