Some abstract:
Still, J.P. Morgan is weathering the crisis far better than its rivals. From July 2007, when the cyclone began, through the second quarter of this year, J.P. Morgan took just $5 billion in losses on high-risk CDOs and leveraged loans, compared with $33 billion at Citi, $26 billion at Merrill Lynch, and $9 billion at Bank of America (BAC, Fortune 500). And in this market, losing less means winning big. Before the crisis J.P. Morgan was a middle-of-the-pack performer; today it leads in nearly every category, starting with its stock. Since early 2007, its share price has dropped 24%, to $37 (as of Aug. 27), vs. declines of 44% for Bank of America and 68% for Citigroup. Last year its market cap was far below those of Citi and BofA. Today J.P. Morgan stands in a virtual tie with BofA for first place among U.S. banks, and it towers over Citi.
Source: http://money.cnn.com/2008/08/29/news/companies/tully_jpmorgan.fortune/index.htm?postversion=2008090216
As for now, the acquisitions/takeovers/bailouts are as follows:
Bank of America - Merrill Lynch at 50 billion
Barclays - Lehman brother's US banking units
JP Morgan - Bear Stearns, Washington Mutual (latest)
Fed - AIG, Fanny and Freddy
While other news include the last 2 investment banks, Goldman and Morgan Stanley to be converted to commercial banks for them to raise capital easily.
Injection of capitial from investors:
Goldman - Warren buffet (5 billion)
Morgan Stanley - Mitsubishi (8 billion), rumoured to have GIC and some other china institutions interested in it.
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