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The largest settlement to emerge from the financial crisis of 2008 has been approved, according to the Huffington Post. The Justice Department reported the $17 billion settlement was reached between Bank of America through its Deputy General Counsel Jana J.…>read moreNo Comment August 22, 2014
Summary: Wells Fargo settles securities lending case for $62.5 million. In the latest update from Jurist, the U.S. District Court for the District of Minnesota approved a settlement for $62.5 million on Monday in a case filed against Wells Fargo.…>read moreNo Comment August 20, 2014
U.S. Bankruptcy Judge Stuart Bernstein in New York has approved a $543 million settlement with the trustee for Bernard Madoff’s firm and JPMorgan Chase. The agreement had been filed on Jan 7, but approved this week. The deal is supposed…>read moreNo Comment February 5, 2014
It was announced on Tuesday that JPMorgan Chase & Co is going to pay $1.7 billion in penalties in order to settle the charges against the bank from United States federal authorities. The charges claim that JPMorgan Chase & Co…>read moreNo Comment January 7, 2014
The New York based bank, JPMorgan & Chase Co. has agreed to settle with Federal Home Loan Bank of Pittsburgh to turn over the government’s draft complaint at the center of its $13 billion deal with regulators. Back in 2009,…>read moreNo Comment January 6, 2014
JPMorgan chief executive Jamie Dimon met with Attorney General Eric Holder regarding the company’s mortgage-backed securities situation. An insider with knowledge of the situation spoke on anonymity. On the condition of anonymity, a government official familiar with ongoing negotiations among…>read moreNo Comment September 26, 2013
JPMorgan isn’t the first bank to get out of the student loan business: they follow U.S. Bancorp’s decision last year to leave the market. But as of Oct. 12, they will stop offering loans to students, they said Thursday, due…>read moreNo Comment September 6, 2013
Bloomberg reported today that since the recession, the six biggest US banks have spent more than $100 billion in litigation, lawyer’s fees and settlements. The data showed at least 40 percent of those expenses had been incurred since January 2012,…>read moreNo Comment August 28, 2013
An enormous banking scandal in Italy has spread to international investment firms, including America’s own JP Morgan group. On Thursday, Italian tax police arrived at JP Morgan’s Milan offices to search for documents as part of their investigation into suspected…>read moreNo Comment April 18, 2013
On Wednesday, U.S. District Judge Katherine Forrest in Manhattan refused JPMorgan’s motion to dismiss a lawsuit brought in 2009 by the Operating Engineers Pension Trust of Pasadena, California. The pension trust accused JPMorgan of mismanaging the trust’s money by investing…>read moreNo Comment March 28, 2013
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