J.P. Morgan | featured news

The head of J.P. Morgan Chase's retail banking operations said Thursday that the firm plans to trim 12000 jobs from the headcount of Washington Mutual employees.

JPMorgan Chase & Co. and Citigroup Inc. are halting home foreclosures while the Obama administration develops its plans to help the U.S. housing market.

A gain related to its acquisition of WaMu helped J.P. Morgan post a profit despite surging provisions for credit losses and markdowns on leveraged loans.