Jesper Koll is leaving JPMorgan Chase & Co. after running the firm's equity-research team in Tokyo for more than five years. Koll resigned at the end of March to pursue a "new career opportunity," he wrote in an internal memo obtained by Bloomberg, without giving ...
JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs. The closures are part of a $1.4 billion cost-cutting plan the bank announced for ...
Fraudsters are targeting JPMorgan Chase & Co customers in an email phishing campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus for stealing passwords from other institutions. The campaign, dubbed "Smash and Grab," was ...
JPMorgan Chase & Co. has agreed to pay $13 billion in a landmark settlement after it acknowledged that it misled investors about the quality of risky mortgage-backed securities ahead of the 2008 financial crisis. The settlement announcement Tuesday with the Department of Justice is the ...
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 competitor Goldman Sachs, BlackRock Financial Management, and Metropolitan Life Insurance Co. The mortgage-backed ...
JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky home loans and mortgage securities that it sold them before the housing market collapsed. The Federal Housing Finance Agency, which oversees ...
The travails of JPMorgan Chase have reopened the debate about what to do with American and European banks that are "too big to fail." The result so far is an uneven playing field.
Authorities in the United States and Britain are set to hand down roughly $750 million in fines against JPMorgan Chase over the bank's disastrous "London Whale" trading losses last year, according to people familiar with the negotiations. The settlements could be announced as soon as ...
