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JPMorgan Chase agreed to pay $920 million in total fines to US and UK authorities. [4] [5] [6] JPMorgan Chase cut chief executive Jamie Dimon's 2012 pay in half, from $23 million to $11.5 million, as a consequence for the $6 billion trading loss. [7] [8]
The 2014 JPMorgan Chase data breach was a cyberattack against American bank JPMorgan Chase that is believed to have compromised data associated with over 83 million accounts—76 million households (approximately two out of three households in the country) and 7 million small businesses. [1]
JPMorgan had $2.3 trillion of assets at the end of last quarter. A $50 billion loss, then, is the equivalent of just 2.17% of assets. That's one of the scariest simple math equations that exists ...
The complaint alleges JP Morgan and the Bank of New York as well as powerhouse accounting firm KPMG and their international counterparts, KPMG UK and KPMG International were primary players necessary to accomplish the fraud." [119] [120] On December 2, 2010, Picard sued JPMorgan Chase, seeking damages and restitution of at least $6.4 billion.
Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight words that underscore how contentious the bank’s relationship with the government has become.
JPMorgan Chase is paying $348 million in fines to US regulators for alleged failures to monitor the trading of its clients and employees, one of the largest such penalties paid by any lender so ...
From 2015, which is when the Paris Agreement was adopted, until 2021, JP Morgan Chase provided $317 billion in fossil fuel financing; 33% more than any other bank. [201] On October 21, 2021, JP Morgan Chase joined the Net-Zero Banking Alliance, [202] which supports "the global transition of the real economy to net-zero emissions." [203]
JPMorgan sued Tesla in November 2021, seeking $162.2 million, alleging that Tesla breached a 2014 contract related to stock warrants it sold to the bank, and which the bank believes became more ...