Some 27,000 customers of banks that were nationalised during the 2008 banking crisis have had their mortgages sold to a consortium led by the US bank JP Morgan.
J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available.
JPMorgan Chase Chief Executive Officer Jamie Dimon said the biggest U.S. bank will probably double its $250 million annual computer-security budget within the next five years.
Now for some cheery news from the banking sector.
The FBI believes ETrade observed cybersecurity activity related to this summer's JPMorgan Chase data breach, a source tells CNBC.
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as updated on major cyberattacks as they are on Russian incursions into Ukraine or attacks by the Islamic State.
JPMorgan has hired senior bankers from Rothschild and Standard Chartered Plc for its investment banking business in the Middle East.
JPMorgan Chase’s data breach that exposed the names and contact information of millions of customers is being probed by attorneys general in Connecticut and Illinois.
JPMorgan has completed the sale of its physical commodities unit to Mercuria, the fast-growing Swiss trading house said on Friday as it expands into metals and North American markets to enter the top league of commodities traders.
A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10bn of mortgage-backed securities it sold before the financial crisis.
CME Group, which operates the New York Mercantile Exchange (NYMEX), has ordered JPMorgan to pay a fine of $30,000
Each year thousands of graduates / MBAs find work in the financial markets. All start at (or near) the bottom of the ladder, and hope that one day they will make it big. Few do. And those who eventually achieve success usually face a relatively long wait. Not so one young man who, at 23, just might be the youngest VP ever to attain that position in a major investment bank.
Sad to report.
JPMorgan, UBS and Credit Suisse were fined a total of 94 million euros (74.14 million pounds) by the European Commission for taking part in cartels in the financial sector.
The Federal Reserve's New York branch knew about risks JPMorgan Chase was taking with its massive 'London Whale' derivatives bets four years before they imploded, but it failed to act properly to head them off, the U.S. central bank's inspector general said.
'Markets may treat this as a Lehman-style shock'.
JPMorgan Chase is in early negotiations to build a new headquarters complex in the area of New York’s Hudson Yards, the burgeoning district under development on the far west side of Manhattan.
Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.
It's tough to come up with a list of true Wall Street legends, as so many have got their detractors - and not all of them have / had unblemished track records.
Morgan Stanley’s chief, James Gorman, is on the hot seat.