JPMorgan has agreed to a $13 billion settlement with the US government to settle charges that the bank overstated the quality of mortgages it was selling to investors in the run-up to the financial crisis.
The Department of Justic
JPMorgan Chase & Co has reached a tentative $13 billion deal with the US Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source famil
JPMorgan Chase & Company yesterday posted its first quarterly loss under chairman and chief executive Jamie Dimon after a tangle of legal and regulatory probes cost the biggest US bank $7.2 billion.
US authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, the New York Times said on Saturday.
A report posted in the Times&
US authorities are considering arresting two former JPMorgan Chase & Co employees for their alleged role in masking $6.2 billion "London Whale" losses, according to two people familiar with the situation.
Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money.
The investing and lending segment, which tracks the bank's investment
Kuwait Finance House-Bahrain (KFH-Bahrain) said it has been awarded the JPMorgan Outstanding Payments Quality Certificate 2011, in recognition of its high-quality performance and commitment to quality in the area of fund transfer.
Global business activity grew in October at the slowest rate since the end of the last global recession in August 2009, thanks to sagging output and new business, according to a new business survey.
JPMorgan's Global All-Industry Output in
Covidien is looking to sell its pharmaceuticals unit for as much as $4 billion, a source familiar with the situation said on Tuesday.
JPMorgan Chase is advising Covidien on the matter, said the source, who declined to be named because the
JPMorgan Chase & Co posted higher first-quarter earnings as it set aside less money to cover bad loans.
The second-largest US bank said earnings were $5.56 billion, or $1.28 a share, compared with $3.3 billion, or 74 cents a share, in