Officials said Morgan Chase failed to report the transaction within five days as required, and then misstated the timing of its share purchases.

Leading the way down have been Citigroup and J. P. Morgan Chase, which both fell 15 percent last week.

Several senior executives at Morgan Chase took part, including William Repko, who heads the bank's corporate restructuring group.

G.M. dropped $2.63, to $50.82, and Morgan Chase fell $2.56, to $31.36.

GoldmanSachs and Morgan Chase control the market in carbon Credits.

Mr A. Blair becomes a paid advisor to Morgan Chase.

In order for deal to go through J.P. Morgan Chase required the Fed to issue a nonrecourse loan of $29 billion to Bear Stearns.

"It doesn't seem like a winning strategy to me," said David Bradley of J. P. Morgan Chase.

His mother is a vice president of marketing in Wilmington for J.P. Morgan Chase.

Separately, J. P. Morgan Chase, said that it would buy an $8.2 billion credit card portfolio from the Providian Financial Corporation, the struggling card issuer.