Posts tagged with "NYSE:JPM"

Another Controversy Surrounds JPMorgan Chase & Co. (NYSE:JPM)

Posted by Chris Bell November 15, 2013 0 Comment 1876 views

News are now getting flooded with reporting of JPMorgan Chase & Co. (NYSE:JPM) paying $75,000 a month to Fullmark Consultants having only two employees to promote its standing in China. Lily Chang, a 32 year old executive runs an obscure consulting firm and in reality it was just the alias used by Wen Ruchun, then […]

Wells Fargo & Co (NYSE:WFC) Pays Penalty Of $335 Million To Settle FHFA claims

Posted by Nathan Alexander November 7, 2013 0 Comment 1326 views

Wells Fargo & Co (NYSE:WFC), a bank holding company, has agreed to pay $335 million as a settlement fee to resolve claims that it had misled the U.S, government agency Fannie Mae and Freddie Mac about the bank’s mortgage bonds. In its regulatory filing, WFC said that in its first quarter the bank settled the […]

Wells Fargo & Co (NYSE:WFC) Follows Footsteps Of JP Morgan Chase & Co (NYSE:JPM)

Posted by Lynn Eisler November 1, 2013 0 Comment 1124 views

The 4th largest bank in the U.S, Wells Fargo & Co (NYSE:WFC) has finally settled with the FHFA for the alleged misleading disclosures on the mortgage-securities that it sold to Freddie Mac and Fannie Mae. Wells Fargo & Co (NYSE:WFC) joins other banks such as JP Morgan Chase & Co (NYSE:JPM) in settling with the […]

JPMorgan Chase & Co (NYSE:JPM) Reaches Agreement With FHFA

Posted by Samantha Donahue October 27, 2013 0 Comment 6156 views

JPMorgan Chase & Co (NYSE:JPM) has now reached an agreement with the federal Housing Finance Agency, to resolve all its MBS litigations. The FHFA is the conservator for Fannie Mae and Freddie Mac and will now receive the settlement amount of $4 million.  In effect, this settlement resolves the company’s largest MBS-related case and is […]

Who Is Next After Bank Of America Corp (NYSE:BAC) & JPMorgan Chase & Co (NYSE:JPM)?

Posted by Michael Korte October 24, 2013 0 Comment 1408 views

Charges of fraudulent mortgage practices by Bank Of America Corp’s (NYSE:BAC) Countrywide unit, were proved on Wednesday, following a four-week trial before a federal jury in New York. The U.S. Department of Justice continues its run of bringing banks and their executives charged with fraud that precipitated the U.S. financial crisis in 2008. The Bank Of […]

Will Bank Of America Corporation (NYSE:BAC) Follow JPMorgan Chase & Co. (NYSE:JPM)

Posted by admin October 20, 2013 0 Comment 1739 views

New York Times has reported on October 19, that a potential settlement agreement between the $204 billion market capitalized JPMorgan Chase & Co. (NYSE:JPM) and United States Justice Department could be in the works. Based on the sketchy details gathered from unnamed sources who are privy to the Justice department and  JP Morgan settlement discussions, […]

What Should JPMorgan Chase & Co (NYSE:JPM) Learn From Goldman Sachs Group Inc (NYSE:GS)?

Posted by George Brook October 18, 2013 0 Comment 5290 views

Goldman Sachs Group Inc (NYSE:GS) hiked its dividend and reported a profit that was surprisingly better-than-expected. But investors were not too impressed, even as they gave these factors a cursory glance and focused on the company’s revenues that were almost in a free-fall dive, in the Q3. Goldman Sachs Group Inc (NYSE:GS)’s revenues dropped 22% […]

Past Hounds JPMorgan Chase & Co. (NYSE:JPM)

Posted by Kristi Scott October 16, 2013 0 Comment 623 views

Long time watchers of JPMorgan Chase & Co.’s (NYSE:JPM) would be keeping their fingers crossed and hoping that the ongoing investigation that has been launched by authorities in U.K into the alleged omissions and commissions by Richard Usher, JPMorgan Chase & Co.’s (NYSE:JPM) chief dealer in London will not lead trouble back to its door. […]

U.S Cannot Take Risk Of Default Says JPMorgan Chase & Co (NYSE:JPM)

Posted by admin October 13, 2013 0 Comment 1060 views

The JPMorgan Chase & Co (NYSE:JPM) and Deutsche Bank AG Chief Executive Officers, both said that lawmakers in the U.S could not risk any default on debt in the country as the impact would be catastrophic and it is not possible to judge in advance, how bad that damage would be. Both the heads were […]

“London Whale” fiasco Still Haunting JPMorgan Chase & Co (NYSE:JPM)

Posted by Michael Korte October 8, 2013 0 Comment 1182 views

JPMorgan Chase & Co (NYSE:JPM) has denied the charges that have come from the Commodity Futures Trading Commission that the bank has manipulated some credit-markets. The “London Whale” fiasco has been plaguing the company for over a year now. Two people in the know said that the bank is willing to fight this case from […]