JPMorgan Chase should turn over a draft complaint used as the firm negotiated a $13bn deal to settle probes of its mortgage-bond sales and identify an employee who cooperated with the U.S. investigation, according to lawyers for a Pennsylvania bank.
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's legal bills contributed to a decline in the Federal Deposit Insurance Corp. tally of U.S. bank-industry profits for the third quarter.
It’s not an obvious time for it, with the negative news surrounding the largest bank in the United States, but J.P. Morgan Chase is trading at its highest-ever level under Chairman and CEO Jamie Dimon.
The fines are too damn high!
Federal Reserve Governor Daniel Tarullo said regulators are writing a final version of the Volcker rule to block any repeats of JPMorgan’s $6.2bn in losses last year from derivative bets by a trader dubbed the London Whale.
Bonuses at this firm were largely locked down early this week.
In politics, there's a saying about what gets you in hot water: it’s not the crime; it’s the cover-up. In the financial industry you might say: it’s not the crime; it’s the clean-up.
There are still many more shoes to drop, after the much anticipated JPMorgan Chase $13bn settlement, say industry watchers.
JP Morgan agreed to pay a record $13bn to settle legal charges related to its mortgage business on Tuesday, ending months of tense negotiations with the US Justice Department.
JPMorgan Chase, which is planning to break up its buyout unit, is in talks to sell about $4bn of private-equity stakes to an investor group, said three people familiar with the situation.
A low profile is probably a good thing.
We thought it would be interesting to see how much money the major firms made / lost per employee in the second-quarter (note that profit figures are after provisions have been made for staff remuneration costs). Here are the results:
Here's the results for the Here Is The City Deep Blue Associates-sponsored '2008 Best Chief Technology Officer / Chief Information Officer Poll'.
J.P. Morgan's alleged failure to file a key federal document more than five years ago is emerging as a critical component of a Justice Department investigation into whether the bank provided adequate warnings about the fraud of Bernard Madoff, people close to the probe said.
The Securities and Exchange Commission asked Morgan Stanley about 'multiple significant deficiencies' in its financial reporting after the firm corrected accounting errors involving loan cash flows, income taxes and derivatives contracts.
JP Morgan is reviewing its correspondent banking unit and not taking on new business from foreign lenders after regulators identified deficiencies in its anti-money-laundering procedures.
Who got what...
An Italian judge has rejected a prosecutors' request to seize around $222m of funds from JP Morgan as part of an investigation into Banca Monte dei Paschi di Siena's acquisition of a smaller rival, a source with direct knowledge of the matter said.
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.
No sweet talking now.
JP Morgan reached a $5.1bn (£3.2bn) settlement with the US mortgage company regulator on Friday as the bank continues to negotiate with the justice department over what is expected to be an even larger fine related to bond sales.
Goldman, JPMorgan and Morgan Stanley have all posted their Q3 results. Here's how they stacked up on the compensation front.