American investment bank JPMorgan Chase & Co has offered £123 million for EcoSecurities, a Dublin-based carbon trader and carbon offset developer.

As per a reorganization plan being negotiated in US Bankruptcy Court, a creditors' group of large banks and investors - including JPMorgan Chase and Citigroup, and institutional investors and funds like Oaktree Capital Management and Angelo, Gordon & Co - might possibly take over the control of the Chicago-based media conglomerate Tribune Co. from the billionaire Sam Zell.

JPMorgan Chase & Co., which acquired the collapsed Washington Mutual Inc, will be eliminating more than 20% of WaMu’s work force - cutting 9,200 jobs nationwide.
As of the end of the third quarter, JPMorgan Chase reported that Washington Mutual had nearly 42,000 employees.

JPMorgan Chase, a leading global financial services firm which had acquired the ailing Washington Mutual, plans to retain about 24,000 employees of the savings and loan association.

However, it plans substantial job cuts at its former headquarters and elsewhere.