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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Read More »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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Read More »NEW YORK – JPMorgan Chase said Wednesday that it had agreed to settle a federal lawsuit accusing the bank of discriminating against minority borrowers for years by charging them about $1,000 more than white customers for a mortgage. The case ...
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Read More »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 ...
Tagged with: Banking Citigroup JPMorgan Chase
Read More »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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Read More »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 ...
Tagged with: JPMorgan Chase UBS
Read More »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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Read More »NEW YORK — For more than 15 years, there were signs something was amiss with what federal prosecutors in Manhattan call the “703 account” at JPMorgan Chase & Co. Money was being transferred back and forth for no reason. The ...
Tagged with: Bernard Madoff fraud JPMorgan Chase
Read More »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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Read More »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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WASHINGTON — JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities it sold them before the housing market collapsed. The Federal Housing Finance ...
Tagged with: Fannie Mae Freddie Mac JPMorgan Chase settlement
Read More »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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