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On December 2, 2010, Picard sued JPMorgan Chase, seeking damages and restitution of at least $6.4 billion. The suit was initially sealed due to confidentiality concerns on Chase's part, but both parties agreed to unseal it on February 3, 2011. The suit alleges that Chase knew or should have known that Madoff's wealth management business was a ...
[45] During bankruptcy proceedings a lawyer from The Royal Bank of Scotland Group said the company was facing between $1.5 billion and $1.8 billion in claims against Lehman partially based on an unsecured guarantee from Lehman and connected to trading losses with Lehman subsidiaries, Martin Bienenstock. [46]
October 14, 2008: Having been suspended for three successive trading days (October 9, 10 and 13), the Icelandic stock market reopened on October 14, with the main index, the OMX Iceland 15, closing at 678.4, which was about 77% lower than the 3,004.6 at the close on October 8, after the value of the three big banks, which had formed 73.2% of ...
This guarantee often comes at a cost, but while most banks charge around $10 per check, some online banks offer cashier’s checks for free. ... What Are the Cashier’s Check Fees at Chase, Bank ...
The banks, which included Wells Fargo, Bank of America, and JPMorgan Chase, among others, offered between $2 billion to $4 billion in compensation for California alone. Harris deemed that amount ...
JPMorgan Chase has refused to pay out an estimated $331-a-month pension to the widow of one of the bank’s former longtime employees — with the excuse that he failed to fill out the necessary ...
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