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June, 23 CEE Banking Sector Report: Total assets in CEE Banking sector grew 25 per cent in 2008 to €1,772 billion.

May, 13 Citigroup uses almost $45 billion TARP Funds for Loans.

May, 11 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about $7.3 billion.

May, 10 Berkshire Hathaway - Net loss in 1Q 2009 amounted to 1.53 billion U.S.

May, 8 U.S. banks back the State for more than $25bn received under the troubled asset relief program (TARP).

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JP Morgan Chase


JP Morgan ChaseJ.P. Morgan Chase - the nation's third largest bank by assets (behind Bank of America and Citigroup). The hedge fund unit of JPMorgan Chase is the largest hedge fund in the United States with $34 billion in assets as of 2007. The Chase brand named is used for credit card services in the United States and Canada and the bank's retail banking activities in the United States. The JPMorgan brand is used by the Investment Bank as well as the Wealth & Asset Management Group's partially merged Private Bank and Personal Client Services divisions.

The current world headquarters for JPMorgan Chase & Co. are located at 270 Park Avenue. The bank moved some of its operations to the JPMorgan Chase Tower (formerly Texas Commerce Bank Tower) in Houston, Texas, when it purchased Texas Commerce Bank.

Headquarters:New York, USA
Address:270 Park Avenue, New York
Phone: 800-Chase24
Founded:1799
Web:www.jpmorganchase.com
ID: 807


Business and Financial News

The European Central Bank injects €442 billion into banking system - 25.06.2009
The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected.
 
More credit card rules could hurt Visa and MasterCard - 23.06.2009
Visa Inc and MasterCard Inc, the world's largest payment networks, could face lower revenue and pressure on their stock prices amid a push for increased U.S. regulation of credit cards.
 
Top 100 banks saved from bankruptcy - 23.06.2009
Since October 1, 2008, Russian banks have repaid $50 billion worth of loan payments, Finance Minister Alexei Kudrin said at a banking conference in Moscow today.

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