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Jpmorgan chase News

JPMorgan settles FCPA charges by paying $264 million

After a three-years probe for alleged corruption, fraud and violation of the Foreign Corrupt Practices Act (FCPA) charges, JPMorgan Chase & Co. agreed to pay a $264 million total settlement.

Six banks fined over $4 billion after exchange rate manipulation

Six giant banks have agreed to forfeit $4.33 billion to global regulators to resolve allegations that its traders tried to fiddle foreign exchange rates.

Target CEO: Banks need to issue chip-based credit cards in U.S.

With the FBI now warning all retailers on similar breach possibilities, Target CEO Gregg Steinhafel is refocusing attention on the need for chip-based credit card technology adoption in the United States.

JPMorgan opens Twitter Q&A; gets 7 hours of vicious tweets

New York - Officials at JPMorgan Chase cancelled a proposed Twitter Q&A last Wednesday after receiving nearly 6,000 angry tweets in less than seven hours.

Banks hoarded aluminum to hike prices, critics charge

Washington - The U.S. Commodities Futures Trading Commission (CFTC) has subpoenaed both Goldman Sachs Group Inc. and JPMorgan Chase & Co. as it investigates allegations of price-fixing in the aluminum market.

Op-Ed: Too damn cute — JPMorgan case hits some raw nerves

New York - You may not have been sitting on the edge of your chair while the recent drama at JPMorgan Chase played out, but you should have been. The bank has found itself fighting a derivatives culture which has been sabotaging global economies for years.

Op-Ed: Are We Witnessing The End Days Of Supply Side Economics?

Embracing a new economic theory, after it gains a foothold in the public consciousness, only occurs when a sustained undesired economic result from the previously employed thesis metastasize into a full crisis for the political class.

Op-Ed: JP Morgan’s $2 Billion Misfortune

Is it possible that the bankruptcy of MF Global last October 31, 2011, the seventh largest bankruptcy in U.S. history, is this financial crisis cycle’s Bear Stearns – if a full blown crisis does occur?

JPMorgan sued for $95 million

JPMorgan Chase & CO has been hit with a lawsuit. The company is being sued for a staggering $95 million for allegedly misrepresenting the underlying mortgage loans.

JPMorgan Chase reports 47% increase in 4Q profit

New York - As Americans continue to deal with record home foreclosures and record unemployment, JPMorgan Chase announced on Friday its 2010 4th quarter net income jumped 47 percent from the same period in the prior year.

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The JPMorgan Chase tower in Rochester  NY
The JPMorgan Chase tower in Rochester, NY
The JPMorgan Chase Tower in Houston  Tx
The JPMorgan Chase Tower in Houston, Tx

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