Topic: JPMorgan Chase & Co.

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  • Possible JPMorgan settlement: Painful, but manageable

    The bank, which weathered the financial crisis relatively well, may be facing an $11 billion settlement, sources say. Several recent missteps, including the London whale debacle, have drawn regulatory scrutiny. 

  • The Reformed Broker Is JPMorgan Chase out of control?

    JPMorgan has paid more than $8.5 billion in legal settlements stemming from a slew of major investment mistakes – yet the banking giant keeps rolling on. How?

  • The New Economy Bullard: Fed could soon taper after all. This week in the economy.

    Fed decision not to taper buoyed Wall Street, but James Bullard, head of the Federal Reserve Bank of St. Louis, says a cutback in bond-buying could come as early as next month, depending on the economy. Also this week, housing posts mostly strong numbers, JPMorgan agrees to nearly $1 billion settlement, and the owner of Olive Garden and Red Lobster cuts jobs.

  • JPMorgan will likely settle London Whale investigations for about $700 million

    JP Morgan will pay about $700 million to settle a civil law investigation into the company's London Whale derivative loss, according to a source familiar with the matter

  • Robert Reich Is Wall Street falling back into bad habits?

    As the five-year anniversary of the Lehman Brothers' bankruptcy approaches, Robert Reich cautions that Wall Street may already be falling back into bad habits and that big banks may be too big. 

  • Stocks fall for fourth day straight

    Stocks dropped for a fourth day in a row as a rise in bond yields and banking stocks dragged down the broader market. Four stocks fell for every one that rose on the New York Stock Exchange.

  • Stocks end slump on surge in mining

    Stocks rose Thursday, ending a three-day slump, after news that China's trade rebounded last month signaled the end of a six-month slowdown for the world's biggest buyer of raw materials. The report helped lift Newmont Mining, Freeport-McMoRan and other stocks in the materials industry.

  • U.S. accuses JPMorgan: Bank pays $410 million settlement

    U.S. accuses JPMorgan: Federal Energy Regulatory Commission says JPMorgan traders manipulated electricity prices. JPMorgan Chase & Co. agreed to pay $410 million on Tuesday to settle the claim by U.S. energy regulators.

  • US accuses JPMorgan of manipulating power prices

    US accuses JPMorgan of squeezing excessive payments from the agencies that run the power grids in California and the Midwest, federal officials said Monday. US official fined a British power company $453 million for similar offenses to the ones of which JPMorgan stands accused .

  • Morgan Stanley quarterly profit jumps on stock trading

    Morgan Stanley reported seeing income rise in all of its businesses. Profit for Morgan Stanley in wealth management jumped 83 percent, while profit from trading and investment banking was six times higher than it was a year earlier.