J.P. Morgan Chase is reportedly in negotiations with federal regulators over charges the bank manipulated energy markets in California and around the country. This would have looked very different before the Enron scandal a decade ago.
JPMorgan Chase CEO Jamie Dimon is scrambling to keep his other title: chairman of the board. But the man who controls more assets than any other U.S. banker is in the market for one-year loans from his biggest shareholders: Their votes, call it political capital, at the upcoming shareholder meeting.
Since the financial crisis, JPMorgan Chase and Wells Fargo have reported healthy report quarterly earnings. So can we finally stop worrying about the health of our financial system?
The New York state lawsuit against JP Morgan Chase centers on alleged Bear Stearns misdeeds well before the investment bank was sold.
As part of a state-federal investigation, the Attorney General of New York is suing JP Morgan over big losses from mortgage-back securities. The bonds originated with Bear Stearns, which JP Morgan bought in 2008.
The New York Attorney General is suing JP Morgan Chase over mortgage-backed securities peddled by its Bear Stearns unit, leading up to the financial crisis.