Wall Street Bank agrees to make payouts to four regulators in compensation for derivative losses in 2012 costing $6.2bn
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Friday 07 January 2011
President Barack Obama named JP Morgan Chase executive William Daley as his new White House chief of staff yesterday.
Tuesday 21 December 2010
JP Morgan has bought 25 Bank Street, the glass tower that once housed the London base of Lehman Brothers, the US investment bank that collapsed during the credit crisis in 2008.
Thursday 14 October 2010
JPMorgan Chase, the second-biggest bank in the US, said it could face penalties over missing paperwork and irregularities in its foreclosure processes, but said the costs would be minor and that no customers had been inappropriately thrown out of their homes.
Friday 16 July 2010
Not another Wall Street fat cat?
Friday 04 June 2010
Outlook The £33m fine handed down by the Financial Services Authority to JPMorgan yesterday is quite some punishment, but it fits the crime. Astonishingly, for almost seven years this bank failed to keep the money of some clients separate from its own. At one stage, $23bn of customers' money was not held in segregated accounts.
Friday 04 June 2010
The City of London was on tenterhooks last night as it emerged that the Financial Services Authority (FSA) is preparing to hit a string of banks with eight-figure penalties after fining JPMorgan a record £33.3m fine for failing to keep as much as $23bn (£16bn) of its clients' funds separate from its own money.
Thursday 03 June 2010
Investment banking giant JP Morgan was fined a record £33.3 million today over its failure to ring-fence billions of pounds of client money.
Friday 30 April 2010
It is a few months prior to the collapse of Lehman Brothers, and the City is still flying high. Venetia Thompson, a well-spoken university graduate, finds herself working among the barrow boys of Essex at a brokerage firm on the upper echelon's of Canary Wharf's mirrored towers.
Thursday 15 April 2010
While the threat of profit- sapping financial reform looms on the horizon for the major investment banks, one of their number, JPMorgan Chase, showed that for now at least the good times are continuing to roll.
Thursday 25 March 2010
JP Morgan Chase, the retail and investment banking giant, is in line for a $1.4bn windfall from the US taxpayer, as a result of a little-noticed provision in an economic stimulus bill that went through Congress last year.
Monday 11 January 2010
The UK's financial services watchdog is to hit bankers earning more than £1m a year with a new tax that will apply to this year's bonuses, as it emerged that the US investment bank JP Morgan Chase is to defy calls for restraint by paying out bumper bonuses for 2009.
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