Hollingsworth Daily Post

JPMorgan Profit Rises on Investment-Banking Fees

JPMorgan Chase & Co., the second- largest U.S. bank, said fourth-quarter profit more than quadrupled on higher revenue from investment-banking fees. Shares of the company fell as the retail bank posted a loss and credit provisions increased.

Wall Street May Reduce Compensation Costs to Avoid More Outcry

Wall Street firms, facing pressure from lawmakers and shareholders to rein in pay, may report smaller bonus pools because of lower fourth-quarter revenue and mounting public outrage, analysts say.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank may hand out $27.6 billion in bonuses, according to analysts’ estimates. While that’s 49 percent higher than a year ago and more than the previous high of $26.8 billion in 2007, it’s less than some analysts expected in October.

Haiti’s Airport Overwhelmed Amid Fears for Quake Survivors

Rescuers from around the world overwhelmed Haiti’s only international airport amid fears aid isn’t reaching survivors of the Jan. 12 earthquake that the country’s Red Cross says may have killed 50,000 people.
With little time left to find those still buried in the rubble, rescue teams were stuck at the Port-au-Prince airport and civilian relief flights couldn’t land after its ramps filled with craft, the U.S. Federal Aviation Administration said in a notice. The airport also lacked fuel for planes to fly home.

January 15 (Bloomberg) - Source