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Tag Archives: jpmorgan

JPMorgan to stop lending to coal companies, arctic drillers

FILE - In this Aug. 16, 2019 file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange.  JPMorgan Chase & Co. will no longer do business with coal companies and will restrict financing to companies that drill in the Arctic, the company announced Tuesday, Feb. 25, 2020 The announcement came in tandem with the bank announcing it would extend $200 billion in financing to clean and renewable energy companies by 2025.  (AP Photo/Richard Drew, File)

NEW YORK — JPMorgan Chase & Co. will no longer do business with coal companies and will restrict financing to companies that drill in the Arctic, the company announced Tuesday. The announcement came in tandem with the bank announcing it ...

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JPMorgan to pay separate $100M penalty from CFTC

WASHINGTON — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted “recklessly” during a series of London trades that ultimately cost the bank $6 billion. The settlement announced Wednesday by the ...

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Official: $11B eyed in JPMorgan settlement talks

ALBANY, N.Y. — An $11 billion national settlement is under discussion to resolve claims over JPMorgan’s handling of mortgage-backed securities in the run-up to the recession, said a government official familiar with ongoing negotiations among bank, federal and state officials. ...

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JPMorgan faces criminal probe over mortgage bonds

NEW YORK — The U.S. Justice Department is investigating JPMorgan Chase over mortgage-backed investments the bank sold in the run-up to the financial crisis. The New York-based bank said in a regulatory filing that it is responding to investigations by ...

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