JPMorgan Chase & Co. will make a significant expansion into the Washington market, including Maryland, adding branches and hiring hundreds of new employees, the bank announced Thursday.
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April 19, 2018 Comments Off on JPMorgan Chase announces DC-Maryland market expansion
October 9, 2014 Comments Off on Hackers tied to JPMorgan breach said to probe 13 financial firms
November 19, 2013 Comments Off on JPMorgan’s role in burst housing bubble costs $13B
WASHINGTON — JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank’s sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis. The agreement ...Read More »
November 19, 2013 Comments Off on JPMorgan, government reach $13B deal on mortgage bonds
WASHINGTON — 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 ...Read More »
September 19, 2013 Comments Off on JPMorgan pays $920M, admits fault in trading loss
WASHINGTON — JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks. U.S. and U.K. regulators said ...Read More »
February 26, 2013 Comments Off on U.S. 4Q bank earnings up 37 pct as lending rises
WASHINGTON — Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step up lending. The figures are fresh evidence of the industry’s ...Read More »
July 30, 2012 Comments Off on Post office nears historic default on $5B payment
WASHINGTON — The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem ...Read More »
May 24, 2012 Comments Off on U.S. bank earnings rose this winter to 5-year high
WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released ...
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November 14, 2011 Comments Off on Bank of America expects $1.8B gain from stake in Chinese bank
CHARLOTTE, N.C. — Bank of America will sell most of its remaining shares in China Construction Bank as it raises cash and shores up its capital base. The latest sell-off in the Chinese bank, announced Monday, is expected to generate ...Read More »
November 8, 2011 Comments Off on Wells Fargo agrees to pay $37M in bid-rigging case
DES MOINES, Iowa — Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding competitions to win business from state and local governments. Banks help municipalities ...Read More »
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