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BUSINESS
January 27, 1995 | Times Staff and Wire Reports
J.P. Morgan to Trim Payroll, Expenses: The nation's fifth-largest bank, like other big Wall Street firms, must adjust expenses to compensate for dramatically lower profits from its trading and securities-related businesses. The bank said it has not targeted a specific number of jobs, but sources said the work force of 17,055 could be cut by 10%. J.P. Morgan & Co.
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BUSINESS
October 1, 1999 | From Bloomberg News
J.P. Morgan & Co., the fourth-largest U.S. bank, agreed Thursday to acquire a 10% stake in SK Securities Co., settling a $380-million lawsuit and ending more than a year of legal wrangling with several Korean financial institutions over derivatives losses, SK said. J.P. Morgan will invest $85 million in SK Securities by subscribing to the Seoul-based company's imminent $250-million share sale, which is partly aimed at raising money to pay J.P. Morgan an unspecified settlement fee.
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BUSINESS
November 10, 1998 | Bloomberg News
J.P. Morgan & Co., the fourth-largest U.S. bank, will cut about 5% of its staff by the end of the year as slowing global markets reduce its profit, sources said. The company, with about 16,200 employees, is cutting more than 700 people through a combination of firings and attrition in most departments, including emerging markets, investment banking, asset management and private client services, the sources said.
BUSINESS
November 10, 1998 | Bloomberg News
J.P. Morgan & Co., the fourth-largest U.S. bank, will cut about 5% of its staff by the end of the year as slowing global markets reduce its profit, sources said. The company, with about 16,200 employees, is cutting more than 700 people through a combination of firings and attrition in most departments, including emerging markets, investment banking, asset management and private client services, the sources said.
BUSINESS
October 1, 1999 | From Bloomberg News
J.P. Morgan & Co., the fourth-largest U.S. bank, agreed Thursday to acquire a 10% stake in SK Securities Co., settling a $380-million lawsuit and ending more than a year of legal wrangling with several Korean financial institutions over derivatives losses, SK said. J.P. Morgan will invest $85 million in SK Securities by subscribing to the Seoul-based company's imminent $250-million share sale, which is partly aimed at raising money to pay J.P. Morgan an unspecified settlement fee.
BUSINESS
July 14, 1992 | From Times Wire Services
Some of the nation's biggest banks reported stronger second-quarter earnings Monday, reflecting what analysts said was a wide gap between revenue from loans and investments and what the banks have to pay to raise money. J.P. Morgan & Co., Chase Manhattan Corp. and First Chicago Corp. all reported increases over earnings a year ago.
BUSINESS
September 22, 1990 | JAMES BATES, TIMES STAFF WRITER
The Federal Reserve Board's decision this week to let banking giant J. P. Morgan & Co. underwrite and deal in stocks is not expected to have a broad immediate impact on the nation's securities business, banking lawyers and executives said Friday. Restrictions on banks' underwriting activity, combined with the financial pressures they face, will discourage all but a handful from getting into securities.
BUSINESS
January 27, 1995 | Times Staff and Wire Reports
J.P. Morgan to Trim Payroll, Expenses: The nation's fifth-largest bank, like other big Wall Street firms, must adjust expenses to compensate for dramatically lower profits from its trading and securities-related businesses. The bank said it has not targeted a specific number of jobs, but sources said the work force of 17,055 could be cut by 10%. J.P. Morgan & Co.
BUSINESS
July 14, 1992 | From Times Wire Services
Some of the nation's biggest banks reported stronger second-quarter earnings Monday, reflecting what analysts said was a wide gap between revenue from loans and investments and what the banks have to pay to raise money. J.P. Morgan & Co., Chase Manhattan Corp. and First Chicago Corp. all reported increases over earnings a year ago.
BUSINESS
September 22, 1990 | JAMES BATES, TIMES STAFF WRITER
The Federal Reserve Board's decision this week to let banking giant J. P. Morgan & Co. underwrite and deal in stocks is not expected to have a broad immediate impact on the nation's securities business, banking lawyers and executives said Friday. Restrictions on banks' underwriting activity, combined with the financial pressures they face, will discourage all but a handful from getting into securities.
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