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Jpmorgan

Mortgage Payouts Will Still Plague Banks

Reuters | Posted 01.27.2014 | Business

Nov 26 (Reuters) - The largest U.S. banks may need to pay out up to an additional $105 billion to settle legacy mortgage-related issues, but have a ...

JPMorgan's Soaring Stock Price To Completely Erase $13 Billion Fine

The Huffington Post | Mark Gongloff | Posted 11.26.2013 | Business

A record bank penalty is being erased in record time. JPMorgan Chase shareholders are well on their way to recouping all of the $13 billion fine th...

JPMorgan Announces Historic Settlement

Posted 11.20.2013 | Business

JPMorgan Chase has reached a $13 billion agreement with the U.S. government settling claims that the nation's largest bank by assets misrepresented th...

Big Banks Prepared For U.S. Default

Reuters | David Henry and Lauren Tara LaCapra | Posted 11.19.2013 | Business

NEW YORK (Reuters) - As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of doll...

JPMorgan Has Even More Problems Than We Thought

Reuters | Posted 11.01.2013 | Business

(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other juri...

The Daily Szep -- JPMorgan

Paul Szep | Posted 12.29.2013 | Business
Paul Szep

2013-10-29-JPmorganfinesdanzig.jpg

JPMorgan Reaches $5.1 Billion Mortgage Deal With FHFA

Posted 10.25.2013 | Business

JPMorgan Chase, the country's biggest bank by assets, has reached a $5.1 billion settlement with the Federal Housing Finance Agency over alleged viola...

More Bad News For JPMorgan

Reuters | Karen Freifeld | Posted 01.23.2014 | Business

NEW YORK, Oct 22 (Reuters) - JPMorgan Chase & Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settle...

JPMorgan Chase's $13 Billion Fine Pales In Comparison To Profits From Crisis Deals

The Huffington Post | Mark Gongloff | Posted 10.22.2013 | Business

If JPMorgan Chase is a scapegoat, it is an extremely well-paid scapegoat: The crisis-era mergers that are costing the bank a small fortune in fines pr...

U.S. Won't End JPMorgan Criminal Probe

Reuters | Posted 01.23.2014 | Business

By Aruna Viswanatha, Karen Freifeld and David Henry WASHINGTON/NEW YORK, Oct 20 (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon has p...

Report: JPMorgan Reaches Tentative $13 Billion Settlement

The Huffington Post/Reuters | Posted 10.20.2013 | Business

JPMorgan Chase has reached a tentative $13 billion settlement with the Justice Department over a number of investigations related to to the bank's res...

JPMorgan Reaches $4 Billion Settlement Over Bad Mortgages

The Huffington Post/Reuters | Posted 10.19.2013 | Business

JPMorgan Chase has reached a tentative deal to pay $4 billion to settle claims it sold bad mortgages to government agencies ahead of the financial cri...

JPMorgan To Pay $100 Million Over 'Whale' Charges

Associated Press | Posted 01.23.2014 | Business

WASHINGTON (AP) — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that it "recklessly" distorted prices during a series o...

Senior JPMorgan Trader Under Fire

Reuters | Posted 01.23.2014 | Business

Oct 14 (Reuters) - British authorities investigating potential manipulation in the currency markets are looking at the role of a senior trader at JP...

NOW Are We Allowed Talk About Firing Jamie Dimon?

The Huffington Post | Mark Gongloff | Posted 10.11.2013 | Business

If he hasn't lost it already, JPMorgan Chase CEO Jamie Dimon should probably lose his title as America's greatest banker. Maybe it's also finally time...

JPMorgan Reports $380 Million Loss

Reuters | Posted 10.11.2013 | Business

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a rare quarterly loss after incurring $9.2 billion in legal expenses, incl...

Jamie Dimon Lost One Of His Jobs

Reuters | David Henry | Posted 10.04.2013 | Business

(Reuters) - JPMorgan Chase & Co chairman and CEO Jamie Dimon has given up the title of chairman of the company's main bank subsidiary to conform with...

JPMorgan's Possible $11 Billion Settlement Just Got More Complicated

Reuters | Karen Freifeld and Emily Flitter | Posted 10.01.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the Fe...

JPMorgan Audit Director: This Is 'Embrarrassing'

Reuters | Ross Kerber | Posted 09.27.2013 | Business

CHICAGO (Reuters) - The head of JPMorgan Chase & Co's audit committee acknowledged on Thursday that the bank had made mistakes and said it has tried t...

JPMorgan Is Racing To Move Past Its Legal Woes

Reuters | Posted 09.25.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co, facing several investigations into its mortgage practices, is seeking a global settlement with U.S. governme...

SHOCK: Dimon Finally Admits His Bank Broke The Law

The Huffington Post | Mark Gongloff | Posted 09.19.2013 | Business

In the years since the financial crisis, we may not have solved too big to fail, sent any bankers to jail, or done much to prevent another financial c...

JPMorgan To Pay $920 Million To Settle London Whale Charges

Posted 09.19.2013 | Business

JPMorgan Chase, the nation's largest bank by assets, will pay $920 million in penalties related to its 'London Whale' trading fiasco, which cost the b...

How Much Will JPMorgan Pay For 'London Whale' Losses?

Reuters | Posted 09.19.2013 | Business

U.S. and UK regulators are expected to announce a civil settlement as soon as Thursday of their investigations into JPMorgan Chase & Co's "London Whal...

JPMorgan Still Has A Huge Problem On Its Hands

Reuters | Posted 11.17.2013 | Business

By Emily Flitter and Matthew Goldstein NEW YORK, Sept 17 (Reuters) - U.S. prosecutors are still looking into events surrounding JPMorg...

Ex-Traders Indicted In 'London Whale' Scandal

Reuters | Jonathan Stempel | Posted 09.17.2013 | Business

NEW YORK (Reuters) - A U.S. grand jury has indicted two former JPMorgan Chase & Co traders at the center of the bank's "London Whale" scandal, court ...