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JPMorgan Chase is paying $200 million in fines to two U.S. banking regulators to settle charges that its Wall Street division allowed employees to use WhatsApp
In the middle of January, Morgan Stanley paid $250 million in fines to the Justice Department and SEC to end a multiyear investigation into how it handled large "block" trades for clients between ...
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]
[113] [114] JP Morgan was charged with misstating information about the delinquency status of the mortgage loans underlying an RMBS offering, for which JP Morgan received more than $2.7 million in fees while investors lost at least $37 million on undisclosed delinquent loans. JP Morgan was also charged with Bear Stearns' failure to disclose its ...
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]
JPMorgan Chase, Bank of America, and Wells Fargo sued over Zelle scams that cost $870 million. Michael del Castillo. Updated December 20, 2024 at 3:18 PM.
The CFTC specifically fined: $310 million each for Citibank and JPMorgan, $290 million each for RBS and UBS, and $275 million for HSBC. [27] The CFTC found that currency traders at the five banks coordinated their trading with traders at other banks in order to manipulate the foreign exchange benchmark rates, including the 16:00 WM/Reuters rates.
The largest U.S. bank, which earlier this year agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes, said it was in talks with a U.S ...