October 31, 2016 Comments Off on Experts to deliver annual state, national economic outlook
Narayana Kocherlakota, Lionel W. McKenzie Professor of Economics at the University of Rochester, and former president of the Federal Reserve Bank of Minneapolis, and James E. Glassman, managing director and head economist for commercial banking at JPMorgan Chase & Co., will ...
Tagged with: JPMorgan University of Rochester
Read More »November 20, 2013 Comments Off on JPMorgan, NY, feds reach $13B settlement
ALBANY — JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank’s sales of mortgage-backed securities that collapsed during the U.S. housing crisis. It is the largest settlement ever ...
Tagged with: Attorney General Eric Schneiderman JPMorgan settlement
Read More »September 25, 2013 Comments Off on Official: $11B eyed in JPMorgan settlement talks
ALBANY — An $11 billion national settlement is under discussion to resolve claims over JPMorgan’s handling of mortgage-backed securities in the run-up to the recession, said a government official familiar with ongoing negotiations among bank, federal and state officials. The ...
Tagged with: JPMorgan Justice Department
Read More »September 20, 2013 Comments Off on JPMorgan pays $920M, admits fault in trading loss
WASHINGTON — JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks. U.S. and U.K. regulators said ...
Read More »March 21, 2013 Comments Off on JPMorgan clamps down on fees from payday lenders
NEW YORK — JPMorgan Chase said Wednesday that it will take steps to protect its customers from fees and other charges that payday lenders may slap on them. The bank said it will limit the fees that customers are charged ...
Tagged with: JPMorgan
Read More »February 27, 2013 Comments Off on JPMorgan to cut 4,000 jobs
NEW YORK — JPMorgan is trimming about 4,000 jobs, becoming the latest big bank to shrink its work force. The bank says the cuts will be focused in consumer banking and mortgages. A bank spokeswoman stressed that many of the ...
Tagged with: job cuts JPMorgan Mortgages
Read More »May 22, 2012 Comments Off on SEC reviews JPMorgan’s filings after $2B loss
WASHINGTON — Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss. Mary Schapiro, chairman of the Securities and Exchange Commission, told the Senate Banking Committee ...
Tagged with: JPMorgan review SEC
Read More »May 16, 2012 Comments Off on Mueller confirms probe of JPMorgan
WASHINGTON — FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank. Mueller’s comment Wednesday at a Senate Judiciary Committee hearing was the first ...
Tagged with: FBI JPMorgan probe
Read More »October 13, 2010 Comments Off on JPMorgan exits electronic mortgage tracking system
NEW YORK CITY — JPMorgan Chase's CEO says the bank has stopped using the electronic mortgage tracking system used by major financial institutions. Lawyers have argued in court proceedings ...
Tagged with: Foreclosures JPMorgan Mortgages
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