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(No Ratings Yet)J.P. Morgan Appointed Depositary Bank for Ecopetrol ADR Program Launch
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Ecopetrol’s ADR is the first NYSE-listed program by a Colombian company in more than a decade
New York, October 9, 2008 - J.P. Morgan today announced it has been appointed depositary bank for the American Depositary Receipt (ADR) program for Ecopetrol S.A. J.P. Morgan will manage all aspects of the ADR program in the U.S. for Ecopetrol, the largest company in Colombia. Ecopetrol’s ADR is the first NYSE-listed program by a Colombian company in more than a decade.
Javier Gutierrez, CEO at Ecopetrol, said: “We are very pleased to have chosen J.P. Morgan to manage our ADR program to support our future growth initiatives, which will enable us to compete as a global energy provider. It is also an honor for us to be the first Colombian company to list on the New York Stock Exchange in over 10 years.”
William Kirst, Depositary Receipts Executive for Latin America at J.P. Morgan, said: “We are delighted to be working with a growing company like Ecopetrol. We look forward to helping Ecopetrol fully leverage its ADR program to help support the company’s growth plans. This mandate is testament to J.P. Morgan’s strong position in the depositary receipt industry, in both developed and emerging markets.”
J.P. [...] Continue Reading…
(No Ratings Yet)Chase/WaMu ATMs
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Customers get no-fee access to 14,000 ATMs less than two weeks after deal
NEW YORK and SEATTLE, Oct. 8, 2008 - Chase and WaMu customers are already finding 14,000 reasons to like the Sept. 25 combination that created the #1 U.S. bank in deposits.
That’s because they can now use any of 14,000 Chase or WaMu ATMs in the United States without a fee - from California and Washington to Florida and New York, and from Texas to Illinois.
“We wanted to provide almost immediate benefits to millions of our WaMu and Chase customers,” said Charlie Scharf, head of Retail Financial Services for Chase. “Helping customers manage their money is especially important in these challenging times.”
Chase and WaMu customers can now make withdrawals and balance inquiries with no fee at any Chase or WaMu ATM. Those same customers will eventually be able to make deposits at the combined network of ATMs and have access to a network of more than 5,400 branches as computer systems are converted.
Chase and WaMu have ATMs in 27 states, including excellent convenience in the following states:
To find a Chase or WaMu ATM, customers can visit Chase.com and WaMu.com, respectively.
JPMorgan Chase acquired WaMu’s banking operations from the Federal [...] Continue Reading…
(No Ratings Yet)How To Enjoy Success In Managing Your Finances Wisely
The most important step of being able to manage your money wisely is to start out with a good plan. If you do not have a good plan in place, all too often you will find yourself in a frustrating situation where you are trying to dig yourself back out from under a ton of debt. Taking the time to prepare a good financial plan on how you manage your money, and then making sure you stick to that plan can be very beneficial to your entire future.
One of the most important things you should do in managing your finances would be to set realistic goals. These goals can include such items as saving up for that long awaited dream vacation you have always wanted to take your family on. Some other goals you might choose could possibly be for your child’s education, the purchase of a new automobile, saving money to make additions to your existing home, or even to save money for the down payment on a new and larger home. Making sure you keep your goals as something that can be realistically done will ensure that you don’t set yourself up [...] Continue Reading…
(No Ratings Yet)Financial Planning For Unmarried Couples
It is a well-known fact that a significantly smaller amount of the unmarried couples will take the necessary time that is needed, and that is so important for sound financial management, then those of married couples will. Because of this fact, there are a few unique financial situations that are only relevant to the unmarried couples that are living together.
There are some very common and unique financial situations that the unmarried couples will face every single year, and this already large number seems to grow even larger year after year.
Unmarried couples and the tax situation that they face
When you consider the unmarried couple that is living together, and the federal income tax, you will notice that they actually seem to end up doing quite a bit better20than the couples who are married and living together. This is because the unmarried couples that are living together, are able to avoid having to pay the tax penalty that is known as the ‘marriage tax penalty’. This alone can save unmarried couples a considerable amount of money every single year, when the often-dreaded tax season rolls around.
Another benefit that a large number of unmarried couples who are living together [...] Continue Reading…
(No Ratings Yet)Intrepid Sea, Air & Space Museum Announces Bank of America as Major Partner
Bank of America Sponsors the Return of this National Historic Landmark to its Home in NYC
NEW YORK, Oct. 2 /PRNewswire/ — The Intrepid Sea, Air & Space Museum announced today the support of Bank of America as a major partner of the museum. As part of the multi-year sponsorship, Bank of America will also be the Presenting Sponsor of the Intrepid’s historic return to Pier 86 in Manhattan on October 2nd and reopening on November 8th following an extensive two-year renovation.
“Bank of America’s sponsorship of the Intrepid offers an unprecedented integrated sponsor relationship with the Museum and is the perfect partner to help re-launch the Intrepid,” said Susan Marenoff, executive director of the Intrepid Sea, Air & Space Museum. “As the official and exclusive banking sponsor of the Intrepid, Bank of America will provide on-site banking services and branding, title special events throughout the year, create programs benefiting our sister foundations and more. In addition, they will be the presenting sponsor of a number of our special events leading up to our reopening.”
“At Bank of America, we are extremely proud of our outstanding history of serving the financial needs of military personnel and their families. It is only fitting [...] Continue Reading…
(No Ratings Yet)JPMorgan Chase & Co. to Transfer Securities from American Stock Exchange to NYSE Arca in Connection with NYSE Euronext’s Acquisition of AMEX
New York, October 1, 2008 - JPMorgan Chase & Co. today announced that it will transfer the listing of Medium-Term Notes, Series E, KEYnotes Exchange Traded Notes Linked to the First Trust Enhanced 130/30 Large Cap Index currently listed on the American Stock Exchange (”AMEX”) to NYSE Arca after the close of NYSE Euronext’s planned acquisition of the AMEX. The proposed acquisition remains subject to the satisfaction of certain conditions including the approval of the U.S. Securities and Exchange Commission. The AMEX and NYSE Euronext expect the transaction to close in the third quarter of this year.
Specific dates for the transfer in listing of each of the securities will be provided in advance of the change.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and [...] Continue Reading…
(No Ratings Yet)Bank of America Helps Customers Unite. Give. Cure.™
Innovative MyExpression™ Checking Program Lets Individuals Support Causes Close to their Hearts, benefiting the American Cancer Society, American Diabetes Association and American Heart Association
CHARLOTTE, N.C., Sept. 30 /PRNewswire/ — Bank of America is proud to announce the launch of Unite. Give. Cure. now available in all its banking centers nationwide. Unite. Give. Cure. is a unique checking program that benefits the American Cancer Society®, American Diabetes Association® and American Heart Association. The branded checking account with a Visa® Check Card enables customers to show their support for these three leading organizations dedicated to the prevention of and the education about three of the most common life-threatening diseases.
Unite. Give. Cure. is an extension of the MyExpression suite of banking products, which enables customers to give more back and show their loyalty to their favorite charity, school, professional organization or sports team.
“People are always looking for easy ways to support what’s important to them,” said Stephen Gillin, Affinity Banking executive. “We’re proud to collaborate with the American Cancer Society, American Diabetes Association and American Heart Association in providing an effortless way for their volunteers, our customers, and the millions of people affected by these diseases to help support their missions.”
“Our research [...] Continue Reading…
(No Ratings Yet)Bank of America Expands Liquidity Options for Dealers’ Reserve Accounts
Product Suite Facilitates Dealers’ Compliance With Customer Protection Rules
CHARLOTTE, N.C., Sept. 30 /PRNewswire/ — Bank of America today announced the launch of Reserve Account Services, an expanded suite of specialized accounts and services that enable securities broker-dealers and futures commission merchants (FCMs) to keep larger balances in the reserve accounts they maintain for the protection of client assets.
Federal regulations require these dealers to maintain balances in reserve to safeguard client assets, and those reserves must be entirely separate from the dealers’ own accounts. These regulations — SEC Rule 15c3-3 and CFTC Rules 1.20 and 30.7 — are known collectively as the “Customer Protection Rule.”
In certain instances, the regulations also place caps on the amount of reserves that can be held at any one depository institution, meaning that dealers must spread these balances among a number of banks. Because the caps depend in part on the size of the bank, Bank of America’s large capital base can support the very sizable balances that are typical for large dealers.
“With this expanded suite of capabilities and the size and strength of our balance sheet, Reserve Account Services enables broker-dealers and FCMs to consolidate larger balances of reserve funds with one bank,” said [...] Continue Reading…
(No Ratings Yet)American Express Announces Top Five Projects Competing for $2.5 Million in Funding Through Members Project®
Final Cardmember Votes Will Determine the Top Prize of $1.5 Million
NEW YORK, September 30, 2008 — American Express revealed today the top five projects selected as finalists for Members Project (www.membersproject.com). Over the past few weeks, Cardmembers have come together through this online initiative to submit, discuss and vote for projects to make a positive impact in the world that American Express will fund with a total of $2.5 million. Starting today through October 13, Cardmembers will have one last chance to vote for their favorite project and determine how the $2.5 million is put into action. The organization associated with the project with the most votes by Cardmembers will receive $1.5 million. Organizations associated with the second place and third place projects will receive $500,000 and $300,000 in funding, respectively, and the remaining two finalist projects will receive $100,000 from American Express based on Cardmember votes.
Cardmembers can vote to show their support for their favorite project at www.membersproject.com by clicking on the star next to the project of their choice. Cardmembers may vote once during each voting phase and even those without an American Express® Card can use the many social networking tools and online discussion boards to [...] Continue Reading…
(No Ratings Yet)Creating a Budget And How It Can Affect Your Finances
Every single decision that you make can ultimately affect the overall position of your finances. Because of this fact, you will want to make wise and well thought out decisions when it comes to your finances.
One way to ensure that the decisions you make are carefully considered and well planned, is by sitting down and taking a little bit of extra time that it takes to create a budget for you and your family to use. You will of course need to make sure that every member of the family will be able to stick to the plans that are outlined in the budget that you prepare. Just one item that is ignored on the budget, can make a mess of the entire budget that you have created.
If you have never created a budget before, you may be asking yourself exactly what type of information will you need to include on the budget you are creating for your family.
You can use whichever would be easier for you to use, regular notebook paper will work just fine, or you can use neatly lined graph paper to write down a family budget on.
The first step into creating a [...] Continue Reading…
