Major banking institutions including JPMorgan Chase might have predicted the direction of the probe conducted by the Financial Conduct Authority in Britain.
Tags: Jpmorgan chase
Wall Street scores a win in Washington, eyes more victories
Five years after President Barack Obama slammed Wall Street "fat cat" bankers, some of the nation's biggest banks this week successfully lobbied Congress to roll back a hotly debated provision in the 2010 Dodd-Frank financial reform law.
JPMorgan Chase applies for US patent of Bitcoin-like payment system
JPMorgan Chase has filed an application for a payment system that is similar in many ways to the controversial Bitcoin, according to a Financial Times report.
JPMorgan lawyer says regulation of banks out of control
Stephen Cutler, the top lawyer for JPMorgan Chase, lashed out against government regulators in an industry conference at The Clearing House attended by both bankers and regulators.
Dow Jones index for the first time closes above 16,000
The Dow Jones Industrial Average, for the first time, closed above the psychological threshold of 16,000, extending a stock rally that had already experienced a 22% spike so far this year.
Latest News
Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.
Like Facebook and Zynga before it, Twitter was able to secure a USD1 billion credit facility from its IPO bank managers.
Aside from the monetary penalties, the Attorney General required some form of admission of criminal liability on the part of JPMorgan.
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud. JPMorgan Chase & Co had reached a tentative agreement for the settlement of USD4 billion with the Federal Housing Finance Agency.
Hannam & Partners hires Tim Hoare to provide expertise in the natural resources market. Hannam and Partners is an advisory firm established by former JPMorgan Chase & Co banker Ian Hannam.
Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.
JPMorgan Chase & Co and the Bill & Melinda Gates Foundation formed the Global Health Investment Fund to combat deadly diseases in developing countries.
Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.
In a statement on Monday, JPMorgan Chase would be expecting Linda Bammann and Michael Neal to fill the bank's Board seats left vacant by its predecessors in July.
