February 5, 2003 |
President Bush intends to nominate Mark Brickell, director and chief executive of derivatives-trading firm Blackbird Holdings Inc., to replace Armando Falcon as chief regulator of Fannie Mae and Freddie Mac, the White House said. Brickell, a former managing director of J.P. Morgan & Co., would succeed Falcon as director of the Office of Federal Housing Enterprise Oversight, the White House said. The term of the appointment is five years.
June 19, 1998 |
New York Studios Inc. announced plans for a $160-million, 700,000-square-foot studio with 11 sound stages on a site at the historic Brooklyn Navy Yard. Equity partners in the project include Delphi Studios Inc. and Progressive Internet Alternatives. The project development team includes J.P. Morgan & Co., Harbison Co., La Salle Partners, HLW International and Turner Construction Co.
May 20, 1987
The 2nd U.S. Circuit Court of Appeals in New York granted a stay of the Fed's April 30 decision allowing subsidiaries of Citicorp, J. P. Morgan & Co. and Bankers Trust New York Corp. to underwrite and deal in certain securities. The decision by the three-judge appeals panel on an emergency motion by the Securities Industry Assn. delays the Fed's ruling until after a June 22 hearing.
September 24, 1998
J.P. Morgan & Co. said it added seven people to its offices in California, including its first municipal finance employees in Los Angeles, to improve its West Coast public finance coverage. Garth Salisbury, a vice president who transferred from the company's New York office to San Francisco last month, will lead the public finance team for the Western U.S. J.P.
March 12, 1999 |
J.P. Morgan & Co. Chairman Douglas Warner III got about $7.4 million in compensation last year, including stock options, while the bank's profit dropped 34% to $963 million, according to a government filing Thursday. He also realized another $5.2 million on options exercised last year, boosting the amount he took home to $12.6 million. In 1997, Warner's pay package was about $7.6 million, including options and a higher bonus. He also realized $3.
January 15, 1991 |
Three of the nation's biggest banking companies on Monday reported profits for the fourth quarter of 1990 but showed a mixed performance for the year. Chase Manhattan Corp., First Chicago Corp. and J. P. Morgan & Co. all said problems with commercial real estate loans and the weak economy adversely affected earnings. J.P. Morgan & Co.
January 25, 2004
With the planned merger of Bank One Corp. and J.P. Morgan Chase & Co., the financial industry continues to reduce the ranks of the competition ("J.P. Morgan, Chasing Citicorp, to Buy Bank One for $58 Billion," Jan. 15). The result is higher profits at the expense of the customer and a loyal workforce. David Ohman Irvine