JPMorgan Chase has conceded it will take responsibility for the past misdeeds of Washington Mutual, according to people familiar with the matter.» Read More
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.
WASHINGTON/ NEW YORK, Oct 20- JPMorgan Chase& Co CEO Jamie Dimon has pleaded with and complained to the U.S. Justice Department but cannot convince the government to end its criminal probe of his bank because prosecutors are not yet certain of their findings, people familiar with the matter said.
WASHINGTON, Oct 19- JPMorgan Chase& Co has reached a tentative $13 billion agreement with the U.S. Justice Department to settle government agency investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source said on Saturday. Officials at JPMorgan and the Justice Department declined to comment.
WASHINGTON, Oct 19- JPMorgan Chase& Co has reached a tentative $13 billion agreement with the U.S. Justice Department to settle a range of mortgage issues, a source familiar with the talks said on Saturday. Officials at JPMorgan and the Justice Department declined to comment.
NEW YORK, Oct 18- JPMorgan Chase& Co has reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold them during the housing boom, the Wall Street Journal reported on its website on Friday.
Oct 11- JPMorgan Chase& Co Inc's hard-charging chief executive, Jamie Dimon, looked a bit more vulnerable on Friday after the bank took a $7.2 billion hit from penalties, expected future litigation and other legal matters, reporting its first quarterly loss since 2004..
Oct 11- JPMorgan Chase& Co on Friday posted its first quarterly loss under Chairman and Chief Executive Jamie Dimon as a tangle of legal and regulatory probes cost the biggest U.S. bank $7.2 billion. But he was less adept at anticipating legal expenses, at least some tied to banks that JPMorgan bought during the crisis.
Oct 11- JPMorgan Chase& Co on Friday posted its first quarterly loss under Chairman and CEO Jamie Dimon after a tangle of legal and regulatory probes cost the biggest U.S. bank $7.2 billion. But now legal woes, at least some tied to banks that JPMorgan bought during the crisis, are taking a toll.
WASHINGTON, Oct 1- The U.S. government shutdown has divided hundreds of thousands of workers into "essential" and "non-essential," bruising egos and leaving many grappling with the financial toll of unpaid leave.
NEW YORK, Sept 30- JPMorgan Chase& Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the Federal Deposit Insurance Corp over responsibility for losses at the former Washington Mutual Inc, said people familiar with the matter.
CHICAGO, Sept 28- JP Morgan Chase& Co could reach a multibillion-dollar deal as early as Tuesday, putting an end to the bank's woes from mortgage securities related investigations, the New York Post reported on Saturday.
**YAHOO INC, Thursday close $32.75, up 2 pct premarket. Internet company joined Japan's SoftBank Corp in backing Alibaba Group Holding Ltd's planned partnership structure. Yahoo, which owns 24 percent of Alibaba, stands to reap huge windfalls from an IPO as Alibaba's market valuation would add billions of dollars to the two companies' assets.
**J.C. PENNEY CO INC, Thursday close $10.42, down 6 pct premarket. **YAHOO INC, Thursday close $32.75, up 2 pct premarket. Yahoo, which owns 24 percent of Alibaba, stands to reap huge windfalls from an IPO as Alibaba's market valuation would add billions of dollars to the two companies' assets.
Sept 26- JPMorgan Chase& Co CEO Jamie Dimon met Thursday morning with U.S. After the meeting at the U.S. Justice Department, which lasted about an hour, Holder told reporters that he had met with representatives of JPMorgan but did not mention Dimon by name.
CNBC's Kate Kelly reports JPMorgan's Jamie Dimon met with Attorney General Eric Holder. They discussed a possible settlement of $11 billion.
WASHINGTON, Sept 26- Nine companies based in Japan and two executives have agreed to plead guilty and to pay a total of more than $740 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers, the Department of Justice said on Thursday.
Attorney General Eric Holder confirmed that he met on Thursday with representatives from JPMorgan Chase& Co but declined to comment about the nature of the conversation.
Attorney General Eric Holder takes a few questions about his meeting today with JPMorgan CEO Jamie Dimon. CNBC's Kate Kelly has an update.
Sept 26- JPMorgan Chase& Co CEO Jamie Dimon met Thursday morning with U.S. JPMorgan is hoping to ease some of the pressure that regulators have been putting on the bank for more than a year.
CNBC's Kate Kelly report the latest detail on the meeting today between JPMorgan's CEO and Attorney General Eric Holder.