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Jpmorgan

JP Morgan Chase, Bernie Madoff's $64.8 Billion Ponzi Scheme and Crime on Wall Street

Dennis M. Kelleher | Posted 12.19.2014 | Business
Dennis M. Kelleher

Despite a deep, close and extremely lucrative relationship that lasted decades, JP Morgan Chase wasn't even required to publicly disclose the information that detailed its complicity in Madoff's scheme, including how much money it made and how.

7 Big U.S. Corporations Paid More To Their CEOs Than To The IRS

Reuters | Kevin Drawbaugh | Posted 11.18.2014 | Business

WASHINGTON, Nov 18 (Reuters) - Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in...

Secret Tapes Suggest Regulators At JPMorgan Were Blocked From Doing Their Jobs

ProPublica | Jake Bernstein | Posted 11.17.2014 | Business

This story originally appeared on ProPublica: As the Federal Reserve Bank of New York moved to beef up its oversight of Wall Street two years ago, ...

JPMorgan Reveals Criminal Investigation

AP | Posted 11.04.2014 | Business

NEW YORK (AP) — The Department of Justice has opened a criminal investigation into JPMorgan Chase's foreign exchange business. The an...

Gerry Smith

Hackers Ran Loose Inside JPMorgan For 2 Months Before Getting Caught

HuffingtonPost.com | Gerry Smith | Posted 10.23.2014 | Business

It's as if a robber were to break into a bank today and stay there until Christmas before someone noticed. That's how long hackers had access to JP...

Ben Walsh

Chase Bank Refuses To Admit How Many People Were Actually Hacked

HuffingtonPost.com | Ben Walsh | Posted 10.07.2014 | Business

JPMorgan Chase is refusing to say how many individuals had their personal information stolen by hackers in the recent massive security breach. But tha...

JPMorgan Says Data Breach Hit 76 Million Households

The Huffington Post | Mark Gongloff | Posted 10.02.2014 | Business

A cyber attack at America's biggest bank this summer affected more than half of all U.S. households -- far, far more than previously estimated, and th...

JPMorgan Denies Damning New York Times Report

Reuters | Posted 12.02.2014 | Business

(Reuters) - Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed ...

Gerry Smith

Why You Should Worry About The Cyber Attack On JPMorgan Chase

HuffingtonPost.com | Gerry Smith | Posted 08.29.2014 | Technology

So many companies have been hacked in the past year that news of another major data breach has become almost routine. Yet, there may be new reasons...

$128 Billion In Bank Fines, In 1 Chart

The Huffington Post | Kevin Short and Mark Gongloff | Posted 08.08.2014 | Business

Bank of America's reported $17 billion settlement over bad mortgages would be the biggest in a string of increasingly expensive bank punishments. But ...

Zach Carter

House Passes Bill To Aid Koch Brothers, Deregulate Wall Street

HuffingtonPost.com | Zach Carter | Posted 06.25.2014 | Politics

WASHINGTON -- The U.S. House of Representatives on Tuesday passed a financial deregulation package that would benefit the Koch brothers and the nation...

Big Bank Makes Huge Bet On Detroit

AP | Posted 07.21.2014 | Business

DETROIT (AP) — Financial giant JPMorgan Chase plans to invest $100 million over five years into bankrupt Detroit, two newspapers reported Tuesday. ...

Shocker: 3 Banks Accused Of Rigging

AP | Posted 07.20.2014 | Business

AMSTERDAM (AP) — European Union regulators on Tuesday charged banks JPMorgan, HSBC and Credit Agricole with colluding to manipulate the price of fin...

Zach Carter

Even Alan Greenspan Thinks Wall Street Could Blow Up The Budget

HuffingtonPost.com | Zach Carter | Posted 05.14.2014 | Politics

WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan said Wednesday that JPMorgan Chase is too big to fail and that supersized Wall Street ban...

Here's How #myNYPD Could Be Saved

Beverly Macy | Posted 04.28.2014 | Media
Beverly Macy

After 9/11, the only bigger brand in America than the NYFD (New York Fire Department) was the New York Police Department. They were bonafide heroes and just could do no wrong. So how is it that NYPD brand was literally taken down with one careless hashtag (#myNYPD) this past week?

Bad News For Goldman Sachs

Reuters | Posted 06.17.2014 | Business

(Adds details and background, updates shares) By Lauren Tara LaCapra and Tanya Agrawal April 17 (Reuters) - Goldman Sach...

The Feds Are Going After Key Figure At JPMorgan

Reuters | Arnab Sen | Posted 04.11.2014 | Business

(Reuters) - Blythe Masters, who will leave JPMorgan Chase & Co after a 27-year career, is under investigation by federal prosecutors in Manhattan, Bl...

JPMorgan Takes Big Hit

AP | STEVE ROTHWELL | Posted 12.11.2014 | Business

NEW YORK (AP) — JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in inve...

Citigroup Reaches Massive Settlement Over Sketchy Practices

AP | Posted 06.08.2014 | Business

NEW YORK (AP) — Citigroup has agreed to pay $1.13 billion to settle claims by investors seeking that the lender buy back billions in residential mor...

Zach Carter

What Do Chase Bank, Condoms, The Tea Party, And Petty Fraud Have In Common?

HuffingtonPost.com | Zach Carter | Posted 03.31.2014 | Politics

In mid-March, a division of JPMorgan Chase rejected an application to process payments for the fledgling New York City condom company Lovability, citi...

JPMorgan To Cut Thousands Of Jobs

Reuters | Posted 02.25.2014 | Business

(Reuters) - JPMorgan Chase & Co , the largest U.S. bank, is reducing both its profit target and headcount in 2014, according to a Tuesday presentation...

Madoff: JPMorgan Knew About Ponzi Scheme

Reuters | Posted 02.20.2014 | Business

By Jonathan Stempel NEW YORK (Reuters) - Two senior officials at JPMorgan Chase & Co and predecessor companies repeatedly confronted Bernard Madoff...

Can We Escape Bank Regulation by Lawsuit?

John Fullerton | Posted 04.22.2014 | Business
John Fullerton

When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?

Email Reveals Bank's Controversial Hiring Practice

Reuters | Posted 02.10.2014 | Business

(Reuters) - China's top insurance regulator directly asked JPMorgan Chase & Co CEO Jamie Dimon to hire a family friend as a "favor", The New York Tim...

Big Banks May Have Bribed Libyan Officials

Reuters | Posted 04.05.2014 | Business

Feb 3 (Reuters) - The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery la...