Financials

JPMorgan Chase opens new LA branch despite city's crime surge

At a time when retailers are leaving California and closing down businesses due to the "smash-and-grab" surge, JP Morgan Chase is doing the opposite. The proof lies within their newest flagship location in downtown Los Angeles. The nation's biggest bank teamed up with power agent Rich Paul for its latest ribbon cutting.

As yields rise, some US banks shift cash to Treasuries

Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands.