News & Events:JPM

CHICAGO- Illinois received seven bids on its $402 million issue of high-grade, taxable revenue backed paper Tuesday with JPMorgan (JPM) winning the bonds with a true interest bid of 4.2706%. The JPMorgan (JPM) led-syndicate also included Academy Securities, Estrada Hinojosa& Co. Inc., and De La Rosa& Co.. Other bidders included Bank of America Merrill Lynch, a Citi- led...

Winning bid: Robert W. Baird, at 100.8844, TIC 3.4984%. Other managers: CL King& Associates, Davenport& Company LLC, Crews& Associates, Inc., Edward Jones, WNJ Capital, Loop Capital Markets, LLC, SAMCO Capital Markets, Isaak Bond Investments, Inc., Ross, Sinclaire& Associates LLC, Duncan-WIlliams, Inc., Cronin& Co., Inc., Wedbush Securities Inc., Northland Securities, Inc.,...

Federal regulators have given J.P. Morgan Chase& Co. a green light to omit from its upcoming shareholder meeting a proposal to force the board to develop a breakup plan. The Securities and Exchange Commission said in a March 6 letter it wouldn't recommend an enforcement action against J.P.

* Ongoing oil deal highlights interdependence. * Russian companies' and banks' external debt tops $650 billion. * European exposure makes EU wary of sanctions. * Slowing investment, capital outflows will hurt Russia. By Dmitry Zhdannikov and Vladimir Soldatkin.

NEW YORK, March 11, 2014 J.P. Morgan Retirement Plan Services has unveiled major advances to its groundbreaking and popular Audience of One® experience, making it more interactive, fun and personal. Audience of One was first introduced in the 1990s to encourage participants to take important steps to better prepare for retirement.

Bank of England governor Mark Carney faces a grilling from UK lawmakers on Tuesday about what Bank officials knew about allegations that currency traders colluded to manipulate key exchange rates. The unfolding scandal has so far seen more than 20 traders placed on leave, suspended or fired by some of the world's biggest banks.

Virtu Financial Inc., one of the largest high-frequency trading firms, is seeking to raise $100 million in a public offering of its stock, according to a securities filing. Virtu is a major player in some 200 global markets, trading in stocks, currencies, futures and others assets. It is majority-owned by Vincent Viola, a former chairman of the New York Mercantile Exchange and owner of the Florida Panthers professional hockey team.

JPMorgan (JPM) and Charles Schwab (SCHW) have extended an agreement to provide Schwab's clients with access to municipal bonds underwritten by JPMorgan (JPM). The deal authorizes Schwab's retail clients to invest in primary and secondary municipal bond and corporate debt securities underwritten by JPMorgan (JPM), the companies said in a joint press release Friday.

NEW YORK-- Virtu Financial, the high-frequency trading firm, filed preliminary papers to go public Monday evening. In the filing, Virtu said it had 2013 revenue of approximately $665 million, up 8% from the year before, and net income of $182 million, more than double from the year before. From the start of 2009 to the end of 2013, the company said, it had only one losing trading day.

NEW YORK-- Morgan Stanley CEO James Gorman is no fan of bitcoin. "I'm not sure I understand it," Gorman said in an interview on Fox Business Network on Monday. "I mean, it is totally surreal."

The four largest U.S. airlines said Monday that they had canceled a combined 74,500 flights in the first two months of this year due to extreme winter weather, with Delta Air Lines Inc. (DAL) saying it had taken a $90 million hit to revenue as a result. Morgan aviation conference in New York on Monday, Ed Bastian, Delta's president, said the storms forced the airline to cancel 17,000 flights in the period, and the revenue hit translated to a pretax loss of $55 million. But he said Delta expects to...

A veteran Highbridge Capital Management LLC fund manager overseeing investment decisions in one of its larger and more profitable hedge-fund stock portfolios has told firm executives he plans to leave with two colleagues to start a new hedge fund, according to people familiar with conversations about his plans. Adam Bernstein, a technology sector head who began working at Highbridge almost nine years ago, intends to depart by next month along with Mark Hoffman, Highbridge's...

For top Morgan Stanley (MS) financier Cecile Houlot-Hillary, every day brings pressure in the form of complex bond deals, intense competition and demands from high level clients. But, says the 17 year veteran of investment banking, the most challenging part of her career so far has been navigating her three spells of maternity leave.

A U.S. judge overseeing litigation accusing Goldman Sachs Group Inc (GS), JPMorgan Chase & Co (JPM), their warehousing businesses and the London Metal Exchange of conspiring to reduce the supply and increase the price of aluminum will allow for now three groups of plaintiffs to pursue separate lawsuits.

The auction of JP Morgan Chase's private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation. Two people close to potential buyers said the bank "pulled" the business off the market. "The bid/ask spread has widened dramatically," the secondary professional said.

* Buyers and seller at odds on price. * Bank sees business as non-core. * Auction could be revived. By Chris Witkowsky. The auction of JP Morgan Chase's private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation.

For top Morgan Stanley (MS) financier Cecile Houlot-Hillary, every day brings pressure in the form of complex bond deals, intense competition and demands from high level clients. But, says the 17 year veteran of investment banking, the most challenging part of her career so far has been navigating her three spells of maternity leave.

JPMorgan (JPM) and Charles Schwab (SCHW) have extended an agreement to provide Schwab's clients with access to municipal bonds issued by JPMorgan (JPM). The deal authorizes Schwab's retail clients to invest in primary and secondary municipal bond and corporate debt securities issued by JPMorgan (JPM), the companies said in a joint press release Friday. Reinstating the agreement...

CHICAGO- After it wraps a $402 million sales tax-backed deal slated for Tuesday, Illinois expects to return to the market in the spring with up to $1 billion of general obligation borrowing. The upcoming $1 billion of GO borrowing- planned in two separate transactions- along with proceeds of Thursday's issue and the state's $1 billion GO sale last month should...

L.O.: Barnes& Thornburg LLP, Indianapolis, IN.. F.A.: City Securities Corp., Indianapolis, IN.. L.O.: Barnes& Thornburg LLP, Indianapolis, IN..