JPMorgan Chase has announced at least an extra 3,000 job cuts as part of plans to reduce its overall expenses, taking total job losses to 19,000.
Former J.P. Morgan Chase & Co investment banker Ed Woodward will become Manchester United's next chief executive in July after David Gill announced he will step down from the role at the end of the season.
J.P. Morgan Chase was last night ordered to improve its risk management following a $6.2bn (£3.8bn) derivatives trading loss highlighted by a London-based employee dubbed the "Whale".
Veteran investor Warren Buffett has said US banks have strengthened their capital positions to a level where they no longer pose a threat to the economy.
The European Commission has cracked down on the fixing of interest rates in the latest twist to the LIBOR scandal, which has dominated headlines in recent weeks.
The JPMorgan Chase employee, dubbed the ‘London Whale', who was responsible for an estimated $2bn loss has left the bank.
J.P. Morgan has created a $100bn new multi-asset unit which will see a restructure of the firm's global fixed income team.
JPMorgan Chase & Co has sold off around 70% of the ‘London Whale' position which caused $2bn of trading losses for the investment bank, according to reports.
JP Morgan Chase has sold an estimated $25bn of profitable securities in an effort to boost earnings and recoup some of the $2bn it suffered in trading losses earlier this month.
J.P. Morgan Chase's CIO unit - the arm at the centre of a $2bn trading loss - has more than $100bn invested in asset-backed securities and structured products, according to reports.