JPMorgan Looks After Staff

JP Morgan

The Wall Street Journal reports that JPMorgan Chase has been approached by around 3,000 employees seeking 'hardship' funds in the wake of Hurricane Sandy.

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

 

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