Posts Tagged ‘JPMorgan’

FBI probes JPMorgan’s $2 billion trading loss

The Justice Department is investigating the $ 2 billion trading loss of financial firm JPMorgan Chase & Co. with its sub-agency Federal Bureau of Investigation (FBI) leading the inquiry, according to an unnamed source cited by the Wall Street Journal. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Banking giant JPMorgan reports big drop in profits

Linda Young – AHN News Writer New York, NY, United States (AHN) – Wall Street banking giant JPMorgan reported a steep plunge in its quarterly earnings Friday morning caused by large losses in its investment banking and trading divisions. JPMorgan is the nation’s largest bank by assets. Bank officials reported that it earned $ 3.7 […]

Judge rejects Wamu reorganization plan

share: digg facebook twitter The reorganization plan is based on settling lawsuits that pitted Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan Chase against one another after the FDIC seized WaMu’s Seattle-based flagship bank in 2008 and sold its assets to JPMorgan for $1.9 billion in the largest bank failure in U.S. history. View […]

JPMorgan to settle SEC fraud charges

Agency says investors misled on mortgage securities; bank to pay $153.6 million View full post on Business Stories

Madoff Trustee Files $6.4 Billion Lawsuit Against JPMorgan

A lawyer appointed as a trustee by a New York bankruptcy court filed a $6.4 billion lawsuit Thursday against JPMorgan Chase. Irving Picard said he filed the case because JPMorgan is the primary banker of Bernard Madoff and must carry some responsibility for the losses of the imprisoned con man’s victims. View full post on […]