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Tag Archives: JPMorgan Chase

How a dad’s lawsuit against JPMorgan Chase could lead to more equal parental leave elsewhere

father-child

Human resources consultant Carol Sladek doesn’t need to look any further than her phone to guess how a recent legal settlement over parental leave at JPMorgan Chase might influence the benefits received by new dads at other companies. The banking ...

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JPMorgan accused of nickel-and-diming jurors on debit-card pay

For some people, jury duty is a dreaded American civic obligation. Now, JPMorgan Chase is adding another unwelcome element: banking fees. In a handful of jurisdictions, the biggest U.S. bank by assets has taken over administration of the juror-compensation system, ...

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Banks fined more than $5B

WASHINGTON — Four global banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the world’s currency market, the first time in more than two decades that major players in the financial industry have ...

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JPMorgan to convert Chase cards to chips

NEW YORK (AP) — JPMorgan Chase will replace all of its customers’ debit cards with more secure chip-based cards nationwide, the bank said Tuesday, and expects to have chips on 70 percent of its debit cards by the end of ...

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Global banks fined billions for rigging market

LONDON — Traders with nicknames like the “Three Musketeers” and the “A-Team” plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense of clients — and then congratulating themselves for their brilliance — regulators said ...

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JPMorgan reveals criminal investigation

NEW YORK (AP) — The Department of Justice has opened a criminal investigation into JPMorgan Chase’s foreign exchange business. The announcement by the nation’s largest bank follows a similar disclosure Thursday by Citigroup. Banks in the U.S. and abroad are ...

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JPMorgan to pay over $2 billion in Madoff fraud

NEW YORK — JPMorgan Chase & Co., already beset by other costly legal woes, will pay over $2 billion for ignoring obvious warning signs of Bernard Madoff’s massive Ponzi scheme, authorities said Tuesday. The bank will pay $1.7 billion to ...

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JPMorgan Chase reaches $4.5B deal with investors

JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments. The settlement, announced Friday, covers 21 major institutional investors, including JPMorgan competitor Goldman Sachs, BlackRock Financial Management, and ...

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JPMorgan Chase adds 2 new directors

NEW YORK — JPMorgan Chase & Co. said Monday that its board plans to elect Linda Bammann and Michael Neal as directors, and the bank created a new position as lead independent director. Neal is currently a vice chairman of ...

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