The Feds allege JPMorgan should have known what Madoff was up to. Marc LoPresti, founder of LoPresti Law Group, and CNBC's Herb Greenberg, discuss the $2 billion fine the bank will pay the Feds for "turning a blind eye" to Madoff's fraudulent operations.» Read More
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.
Former Sen. Chris Dodd (D-CT), addresses the challenges in getting Dodd-Frank just right, and criticism over how long it has taken. Former Rep. Barney Frank (D-MA), weighs in.
Discussing what it would mean if JPMorgan's potential $13 billion settlement with the DOJ would collapse, with Former Rep. Barney Frank (D-MA), and Former Sen. Chris Dodd (D-CT).
Oct 29- JPMorgan Chase& Co's preliminary $13 billion deal to resolve federal and state probes into its mortgage bond business has hit two stumbling blocks, a person familiar with the talks said on Tuesday.
Oct 29- The preliminary $13 billion deal set by JPMorgan Chase& Co CEO Jamie Dimon and U.S. The Department of Justice has sought a provision in the settlement that prohibits JPMorgan from seeking to push the WaMu liabilities from the settlement onto the FDIC.
Oct 29- The preliminary $13 billion deal set by JPMorgan Chase& Co CEO Jamie Dimon and U.S. Attorney General Eric Holder is at risk of falling apart, the Wall Street Journal reported on its website on Tuesday.
CNBC's Kate Kelly reports that JPMorgan's tentative deal with the DOJ may be falling apart over who is responsible for the purchase of Washington Mutual loans gone bad.
CNBC's Dominic Chu and Bob Pisani eye shares of JPMorgan after Dow Jones reports the proposed settlement between JPMorgan and the Justice Department is at risk of collapsing.
According to the Dow Jones, JPMorgan's $13 billion proposed deal with the Department of Justice is at risk of collapse, reports CNBC's Dominic Chu.
CNBC's Kayla Tausche sat down with Thomas Curry, Comptroller of The Currency, who levied billions in fines against big banks.
The Feds are preparing to take action in a criminal investigation of JPMorgan, suspecting the bank turned a blind eye to Bernie Madoff's Ponzi scheme. The NYT reports.
While JPMorgan is facing a tentative $13 billion fine from the DOJ, they may also have a longstanding private investor suit that could result in a $6 billion payout. CNBC's Kate Kelly reports the details.
NEW YORK, Oct 22- JPMorgan Chase& Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
The former GE chief said the JPMorgan head is "in the crosshairs" and that he hopes the bank's settlement "clears the decks."
Oct 22- There is no contradiction: Jamie Dimon remains at JP Morgan not despite it being in line for a record $13 billion fine, but because of what that fine demonstrates.
Happy Jobs Tuesday, which has such a wrong ring to it, but we must adapt and persevere.
Why should JPMorgan put up $4 billion for Fannie and Freddie? CNBC's Larry Kudlow says this is some kind of "political payback." Joshua Rosner, Graham Fisher & Co.; Larry McDonald, Newedge; and Alan Dershowitz, Harvard law professor, weigh in.