The largest bank of the United States, JPMorgan Chase & Co. (NYSE:JPM), has agreed to pay up to $99.5 million against the anti-trust case, which holds the bank responsible for rigging prices at the foreign exchange market. It is important to consider that the bank agreed to pay up to $1 billion under civil penalties…
JPMorgan Chase & Co. (JPM) Reports Lower-Than-Expected Profits in Fourth Quarter 2014, CEO Targets Regulators for Tough Business Environment
After taking a hit on its net income primarily because of the high litigation expenses, JPMorgan Chase & Co. (NYSE:JPM)’s CEO targeted the increasing government scrutiny in business. The largest bank of America, in terms of assets, reported record annual net income for fiscal 2014 along with legal expenses of $990 million for the fourth…
JPMorgan Chase & Co. (JPM) Better Off If Broken Down Into Multiple Companies, Says Goldman Sachs Group Inc (GS) Analyst
In one of the surprising reports about JPMorgan Chase & Co. (NYSE:JPM), an analyst at Goldman Sachs Group Inc (NYSE:GS) said that the bank could boost its share prices by breaking up into multiple financial institutions. The analyst proposed a breakup into two or four financial institutions to bring down the capital requirements as per…
JPMorgan Chase & Co. (JPM) Settles Shale-Rights Lawsuit
JPMorgan Chase & Co. (NYSE:JPM) has successfully settled a shale-rights lawsuit filed by owners of mineral-rights in Texas. In a charge made against the bank, beneficiaries of South Texas Syndicate Trust claimed that JPMorgan Chase & Co. (NYSE:JPM) sought to cheat them out of a compensation amounting to $681 million by entering into favorable deals with…
JPMorgan Chase & Co (JPM) Falls Victim to A Global Hacking Syndicate
JPMorgan Chase & Co (NYSE:JPM) is no exception when it comes to defending client’s confidentiality and erecting invincible walls of security, especially in this era of Internet banking. Therefore, any news pertaining to the website of a well known corporate giant having been hacked is obviously alarming and even raises serious concerns. What is even…
JPMorgan Chase & Co. (JPM) Misses Profits Margins in Third Quarter 2014 Financial Results, Legal Expenses to Blame
JPMorgan Chase & Co. (NYSE:JPM) reported its third quarter 2014 financial results with less than expected profit margins. As per the disclosures, legal expenses are pinned responsible for lower profit margins amounting to $1 billion during the quarter. The biggest U.S. bank reported net revenues of $25.2 billion along with net income of $5.6 billion…
JPMorgan Chase & Co. (JPM) Computers Hacked Exposing Data of 83 Million Accounts
JPMorgan Chase & Co. (NYSE:JPM) has fallen victim to what could be one of the biggest hacks in history, exposing data belonging to 76 million households and 7 million small businesses. The bank, in a revelation Thursday, indicated that the hack collected names and email addresses, but no critical information such as accounts details, passwords,…
JPMorgan Chase & Co. (JPM) Faces Class Action Lawsuit in Mortgage-Based Securities
JPMorgan Chase & Co. (NYSE:JPM) is likely to face a class-action lawsuit in its mortgage-based securities sold before the 2009 financial crisis. As per the allegations, the bank misled its investors about the security of $10 billion worth of mortgage-based securities. Paul Oetken, U.S. District Judge in Manhattan, agreed to a class action against JPMorgan…
Check Point Software Technologies Ltd. (CHKP)’s Shares Soar Amid Data Breach Incidents at Apple Inc. (AAPL) and JPMorgan Chase & Co. (JPM)
With a string of data breaches threatening the corporate America and user privacy, Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares have soared with an anticipated increasing in its security-service demands. The string of data breach incidents started with JPMorgan Chase & Co. (NYSE:JPM) when the company reported a data breach to the state, as reported…
Data Breach at JPMorgan Chase & Co. (JPM) Comes Under FBI Scanner for Possible Russian Linkage
Hacking of databases of at least two US financial institutions, one of which is JPMorgan Chase & Co. (NYSE:JPM), around mid-August has caused the federal authorities in the country to sit up and take notice. Having launched a full-fledged investigation, the loss was identified as being to the tune of several gigabytes of sensitive data…
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