JP Morgan


JPMorgan Settles Mortgage-Discrimination Lawsuit

JPMorgan Chase will pay $55 million to settle federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crisis. While the settlement…

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JPMorgan Found in Probe to Have Retaliated Against Adviser

JPMorgan Chase wrongfully fired a financial adviser in retaliation for his publicly complaining that managers pressured him to sell the bank’s own investment products, a federal investigator found. JPMorgan said…

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Chase Planning Rollout of Card-Free ATMs

JPMorgan Chase will install new ATMs later this year that will allow customers to withdraw cash or initiate other transactions using their cellphone. The move will include new cash machines…

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Ex-J.P. Morgan Analyst Charged With Insider Trading

A former J.P. Morgan Securities analyst in San Francisco was arrested Tuesday on charges of running an insider-trading scheme that netted more than $600,000. Ashish Aggarwal, 27, of San Francisco,…

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JPMorgan 1Q Profit Rises 11 Percent

JPMorgan Chase & Co. reported an 11 percent rise in first-quarter profit on Tuesday, helped by strong results in the bank’s currency, commodities and fixed income business. The largest U.S.…

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Reports: FBI Probes JPMorgan Hack

The FBI is investigating a hacking attack on JPMorgan Chase and at least one other bank, according to reports citing unnamed sources familiar with the matter. A report on Bloomberg.com…

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BofA Nears $16-$17B Settlement With U.S.

Bank of America has tentatively agreed to a settlement in which it would pay between $16 billion and $17 billion to settle an investigation into its role in the sale…

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EU Charges 3 Banks With Market Fixing

European Union regulators on Tuesday charged banks JPMorgan, HSBC and Credit Agricole with colluding to manipulate the price of financial products linked to interest rates. The European Commission’s move is…

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JPMorgan Awarded CEO Jamie Dimon $11.8M Last Year

JPMorgan Chase & Co. Chairman and CEO Jamie Dimon’s total compensation fell 37 percent last year, to $11.8 million, as the nation’s largest investment bank grappled with billions in legal…

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JPMorgan Selling Physical Commodities Business

JPMorgan said on Wednesday that it has made a deal to sell its physical commodities business for $3.5 billion, after new regulations crimped its ability to control power plants, warehouses…

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JPMorgan to Cut 8,000 Jobs This Year

JPMorgan Chase plans to eliminate 8,000 jobs this year, as its mortgage business shrinks and the giant bank aims to control costs at its branches. About half of those job…

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