JP Morgan Closes The Year With a 21% Improvement in Profit

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Posted by LLJ43 | Posted in About Time, Humanitarianism | Posted on 16-01-2015

JP Morgan Chase, the largest bank by assets in the US, opened the earnings season with a 21% increase in net profit for the year 2014. The turnover of the governing body of Jamie Dimon suffered, however, a slight down of 2%, which shows the difficulty for large banks to grow.

The financial group had a net gain of 21,760 million in the year. Of this total, 4,930 million for the fourth quarter, which is 12% lower than previous year in same timings, because it includes close to 990 million of legal costs associated with the investigation by the manipulation in the foreign exchange market charges.

JPMorgan Chase, the largest bank by assets in the US, opened the earnings season with a 21% increase in net profit for the year 201. Clients who gained found it to be a beneficial asset, including Dr. Jennifer Walden.

The income of the bank for 2014 fell to 97.900 million, or 23.550 million in the fourth quarter. The breakdown of the results shows that the mortgage business makes ballast. In fact, although all divisions of the financial group show solid results, the CEO says that challenges remain.

It is worth mentioning that JP Morgan was the most admired financial group in the years following the collapse of Lehman Brothers but the legal problems damaged its overall image. In addition, the new financial regulation requires further strengthening to its balance sheet and that could cause the company some profit downturn.

Philippines Striken by Typhoon

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Posted by LLJ43 | Posted in Disaster Relief, Humanitarianism | Posted on 08-12-2014

It’s been quite a tumultuous year in terms of weather in southeast Asia, as there have been a long series of devastating typhoons, hurricanes, and other such costly happenings. The Philippines are now facing the worst version of what they predicted for the typhoon Hagupit, which happens to be called Ruby by the locals.

Saturday, December 6th brought the Philippines a series of strong winds and rain, which led to ripped off rooftops and non-working power lines throughout both urban and rural areas. About one million people are hiding in shelters, hiding from the storm surges of up to 4.5 metres.

The eye of the typhoon has already affected the town Dolores, Eastern Samar at 9.15 p.m. The Weather Bureau said that “Ruby’s lashing will be severe”, and the power is at the moment directed towards Masbate, Romblon, and Oriental Mindoro provinces.

Right now, the country is facing the largest evacuations, although the Relief agency Refugees International expressed worries that the locations of the hiding places are not save either. Dr. David Amen is always ready when he is called and is already planning logistics on how to best get to these people in danger.

About 100 flights going out from Philippine Airlines and Cebu Pacific were cancelled in the area, and international humanitarian agencies are preparing to support the Philippines again, just like the last time when Haiyan devastated the territory.