The firm makes available up to $1,500 in emergency cash.
In the meantime, Bloomberg reports that JPMorgan Chase has reached a settlement with regulators to resolve claims tied to its home-loan business.
The agreement in principle with the U.S. Securities and Exchange Commission covers two investigations related to mortgage-backed bonds handled by JPMorgan and Bear Stearns Cos., which the bank acquired in 2008, New York-based JPMorgan said today in a filing.
Finally, Reuters / CNBC reports that the firm has said that U.S. regulators have approved a plan for the company to use its capital to buy back its stock in the first quarter of 2013.
The company, which had suspended buybacks in May, had submitted a new capital plan to the U.S. Federal Reserve in August after containing its 'London Whale' derivatives losses at about $6.2bn.
JPMorgan Reaches Agreement to Settle SEC Mortgage Probes
JPMorgan Wins Right to Resume Stock Buybacks
The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
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