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JPMorgan

Bank of America Settles Claims with Government for $17 Billion

Bank of America Settles Claims with Government for $17 Billion 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 more

No Comment August 22, 2014

$62.5 Million Settlement Approved in Case Against Wells Fargo

$62.5 Million Settlement Approved in Case Against Wells Fargo 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 more

No Comment August 20, 2014

U.S. Bankruptcy Judge Approves $543 Million Madoff Settlement by JPMorgan

U.S. Bankruptcy Judge Approves $543 Million Madoff Settlement by JPMorgan 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 more

No Comment February 5, 2014

JPMorgan Agrees to Pay $1.7 Billion to Victims of Madoff Ponzi Scheme

JPMorgan Agrees to Pay $1.7 Billion to Victims of Madoff Ponzi Scheme 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 more

No Comment January 7, 2014

JPMorgan Chase Agrees to Settle

JPMorgan Chase Agrees to Settle 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 more

No Comment January 6, 2014

Jamie Dimon Meets with Attorney General

Jamie Dimon Meets with Attorney General 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 more

No Comment September 26, 2013

JPMorgan Announces They Will Stop Lending to Students

JPMorgan Announces They Will Stop Lending to Students 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 more

No Comment September 6, 2013

US Banks Paid More than $100 Billion in Litigation and Legal Fees

US Banks Paid More than $100 Billion in Litigation and Legal Fees 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 more

No Comment August 28, 2013

JP Morgan Visited by Italian Tax Police

JP Morgan Visited by Italian Tax Police 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 more

No Comment April 18, 2013

JPMorgan to Face Lawsuit over Its Investments in Lehman

JPMorgan to Face Lawsuit over Its Investments in Lehman 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 more

No Comment March 28, 2013

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Job of the Day
Corporate Associate with 2-3 years of Corporate Law Experience
USA-DC-Washington

Top international law firm is seeking a corporate associate for their DC office, with 2-3 years of corporate law experience, to focus on global reorganizations matters. While prior experience with reo...