In an era of chastened Wall Street egos, Michael L. Corbat, the chief of Citigroup, has cultivated a workmanlike demeanor out of the spotlight. The NYT reports.» Read More
Federal Reserve on Monday said it approved new capital plans by Goldman Sachs and JPMorgan Chase, after initially ordering the banks to fix flaws in their capital planning processes. In March, the Fed said Goldman and JPMorgan could move forward with plans to buy back shares and pay dividends.
Eight of the top U.S. banks, including JPMorgan Chase& CO and Bank of America Corp, may have an additional exposure of between $56.5 billion and $104 billion in potential mortgage-related payouts, the S&P report said.
Nov 21- JPMorgan Chase& Co plans to keep overall compensation per employee roughly flat this year from last year, lagging gains at rivals, as the bank's massive legal settlements weigh on its results, two sources familiar with the matter said.
*JPMorgan says did not admit to violating any laws. NEW YORK/ WASHINGTON, Nov 19- In late September, JPMorgan Chief Executive Jamie Dimon walked into the office of U.S.
WASHINGTON/ NEW YORK, Nov 19- JPMorgan Chase& Co admitted it regularly overstated the quality of mortgages it sold to investors and agreed to pay a record $13 billion to resolve related charges, federal officials said on Tuesday.
Former Federal prosecutor Jacob Frenkel addresses why the DOJ and JPMorgan have to work out this deal, and shares his view of what happened. "The DOJ will not shut down the bank," he says.
CNBC's Kate Kelly breaks down the Justice Department's landmark settlement with JPMorgan.
NEW YORK, Nov 19- As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of dollars on contingency planning and, in some cases, even prepared to underwrite federal government benefits.
The bank and the U.S. Department of Justice have been trying for weeks to complete the deal, which was tentatively reached after JPMorgan CEO Jamie Dimon went to Washington to meet U.S.
NEW YORK, Nov 15- JPMorgan Chase& Co said on Friday it agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.
MADRID, Nov 15- A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain.
LONDON, Nov 14- U.S. investment banks JPMorgan Chase& Co and Citi saw their share of investment banking revenue increase more than any of their peers in the first nine months of the year, new research showed on Thursday.
Nov 13- A top executive at JPMorgan Chase& Co said on Wednesday that the bank continues to seek a final agreement with the government on a tentative settlement over liabilities for mortgage securities sold before the financial crisis.
NYPD has denied that its commissioner, Ray Kelly, was in talks with JPMorgan Chase about a senior role in security at the bank.
NEW YORK, Nov 6- The New York City police department denied that its commissioner, Ray Kelly, was in talks with JPMorgan Chase& Co about a senior role in security at the bank. JPMorgan Chief Executive Jamie Dimon and Kelly get along well, a source told Reuters. JPMorgan's head of security, Tom Higgins, recently left the bank.
NEW YORK, Nov 6- JPMorgan Chase& Co has been talking with New York City Police Commissioner Ray Kelly about hiring him for a senior role in security at the bank, a person familiar with the matter said on Wednesday. JPMorgan Chief Executive Jamie Dimon and Kelly get along well, the source said. JPMorgan's head of security, Tom Higgins, recently left the bank.
Former Treasury Secretary Hank Paulson commenting on the $13 billion fine levied on JPMorgan, said on CNBC that Jamie Dimon is a "very strong CEO."
Discussing the possibility of JPMorgan's $13 billion settlement with the Justice Department collapsing, and the acquisition of Bear Stearns, with Former U.S. Treasury Secretary Hank Paulson.
JPMorgan's massive $13 billion mortgage-related settlement with the Justice Department is at risk of collapsing. CNBC's Kate Kelly has the details.
Oct 29- JPMorgan Chase& Co's preliminary $13 billion deal to resolve federal and state investigations into its mortgage bond business has hit some stumbling blocks, two people familiar with the talks said on Tuesday.