Jpmorgan chase Stories
North Carolina Union Files SEC Pay-to-Play Complaint Against Erskine Bowles
A North Carolina public worker union says sequence of campaign fundraiser and pension deal for Bowles' firm may violate pay-to-play rules.
Russian Hackers Had Means, Motive To Infiltrate JPMorgan Chase After Ukraine Sanctions
Russian hackers are believed to have hacked JPMorgan Chase and stolen a trove of executives' "sensitive documents."
Bank Of America Settlement To Cost Taxpayers $4B In Lost Tax Revenue, Taxpayer Watchdog Says
The Justice Department settlement with Bank of America failed to forbid BofA from deducting portions on its income tax, U.S. PIRG charges.
Wall Street Salaries 2014: Goldman Sachs Leading The Way With 20% Hike As Banks Raising Pay For Junior Staff
Wall Street is facing pressure to improve working conditions for junior employees after a banking intern's death last year, likely caused by his long hours.
Mortgage Crisis Settlement: Bank Of America To Pay $16.5B, Largest Single-Company Settlement Ever With The SEC
“Bank of America failed to make accurate and complete disclosure to investors, and its illegal conduct kept investors in the dark."
Christ Church Vs. JPMorgan: Bank Allegedly Mismanaged Millions
Christ Church filed a lawsuit against JPMorgan after the congregation claimed it lost millions.
US Judge Orders Argentina Debt Negotiations Must Continue
U.S. District Judge Thomas Griesa in New York criticized the decision by Latin America's No. 3 economy to default on $29 billion in debt earlier in the week rather than pay the holdouts as ordered.
Italy's Police Seize $140M From Nomura Claiming Fraud In Sicily's Deals
Many local governments in Italy have reportedly taken several international banks to court for losses incurred on complex derivatives products.
Ace Greenberg: The Best Memos From The Late Wall Street Legend
In memory of the deceased Alan "Ace" Greenberg, we take a look at some of the Wall Street legend's most memorable memos
Morgan Stanley Quarterly Profit More Than Doubles
Morgan Stanley, ranked No. 2 globally in mergers-and-acquisitions, benefited from a strong equities market in the quarter.
JPMorgan Profit Falls 8% As Securities Trading Income Drops
"Toward the end of the second quarter, we saw encouraging signs across our businesses."
Citi, U.S. $7 Billion Settlement Announcement Expected Monday
Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.
Citigroup May Pay $7B To Resolve US Mortgage Probes: Reuters
A majority of the settlement is expected to be in cash, but the figure also includes several billion dollars in help to struggling borrowers.
Bank Cuts May Force Immigrants To Pay More to Send Remittances
Under greater pressure from regulators, U.S. banks offer immigrants fewer options to transfer remittances.
Jamie Dimon's Cancer Throws Spotlight On JPMorgan's Succession Plan
Dimon has reportedly said the prognosis for his throat cancer is "excellent" and the illness is "curable."
Bank Of America CEO Seeks Meeting With Attorney General To Break Logjam Over Multibillion Mortgage Settlement
The Justice Department hasn't responded to Bank of America’s request.
US To Sue Citigroup Over Faulty Mortgage Bonds: Sources
The U.S. Department of Justice is preparing to sue Citigroup Inc. on charges that the bank defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, sources said.
US Using JPMorgan Penalty To Quicken Cases Against Other Banks
The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co. agreed to pay to settle claims stemming from mortgage misdeeds to quicken similar punishments against other lenders, according to people familiar with the matter, according to Reuters in an exclusive report.
JPMorgan's Problems In China No Isolated Incident
A JPMorgan executive in Hong Kong is arrested for hiring the children of Chinese officials. But that's a way to cultivate crucial relationships.
JPMorgan Chase (JPM) Detroit Investment Aims To Revitalize City Center And Make The Company A Buck
The bank’s investment in the Motor City will fund blight removal, home loans, job training and small business loans, among other things.
Fang Fang, Former CEO Of JPMorgan's China Investment Banking Operations, Arrested On Corruption Charges In Hong Kong: Report
Fang Fang, who joined JPMorgan in August 2001 and became head of its investment banking operations in China in 2007, resigned in March 2014.
EU Commission Charges HSBC, JPMorgan, Credit Agricole With Rigging
The three banks could face penalties of up to 10 percent of their global turnover if found guilty of breaching EU antitrust rules.
Once Again Analysts Are Wondering If J.P. Morgan's CEO Dimon's Job Is On The Line As Regulators Keep Circling And Layoffs Are Rumored
J.P. Morgan has been wounded and the cure will be painful.
JP Morgan Chase & Co. (NYSE:JPM) Reported Closing Down Accounts Of Non-US Officials
The huge bank is said to be trying avoid compliance costs.
Russian Companies Strengthen Financial Ties With China As Western Sanctions Over Ukraine Crisis Intensify
U.S. and EU measures against Russia are sending companies to China for financial partnerships.
More Money Returned To Madoff Victims, Total Nears $6B
Trustee Irving Picard said the fourth interim payout will go to victims of the Ponzi scheme who had 1,081 accounts at Madoff's firm.
BNP Paribas Warns Sanctions-Busting Fines Likely To Top Amount It Set Aside
The latest case will follow JPMorgan Chase, which paid $13 billion last year to settle mortgage-related charges, and HSBC, which paid $1.9 billion.
Exclusive: US expanding corporate foreign bribery probes to include hiring
"Special hiring consideration" spurs inquiry of China banks' practices.
Citigroup Cuts Nearly 300 Jobs To Maintain Costs; Former Citi CEO Charles Prince's Brother Among People Who Have Left The Bank
At the end of 2013, Citigroup had reduced its employee count by more than a fifth to 251,000 from 323,000 in 2008.
JPMorgan Reports Lower Profits On Drop In Trading Revenue
The company reported a far weaker-than-expected quarterly profit as revenue from securities trading fell in a climate of uncertainty.