Facebook stock up on Zuckerberg’s no-sale pledge
NEW YORK (AP) — Facebook’s stock is up following a disclosure that its CEO, Mark Zuckerberg, won’t sell stock in the company for at least a year. Zuckerberg holds about 504 million shares and options...
View ArticleFeds throw support behind lawsuit against JPMorgan
WASHINGTON — The federal government on Tuesday threw its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud...
View ArticleMortgage comeback? Citigroup isn’t so sure
NEW YORK — Citigroup isn’t as enthusiastic as its peers about a comeback in the housing market. On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had...
View ArticleJPMorgan told to fix controls tied to $6B loss
WASHINGTON — JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion. Federal regulators are also...
View ArticleTribune reportedly selling off newspapers
Tribune Co., owner of The Baltimore Sun, will be auctioning off its newspaper properties, CNBC reported.
View ArticleJPMorgan faces criminal probe over mortgage bonds
NEW YORK — The U.S. Justice Department is investigating JPMorgan Chase over mortgage-backed investments the bank sold in the run-up to the financial crisis. The New York-based bank said in a regulatory...
View ArticleOfficial: $11B eyed in JPMorgan settlement talks
ALBANY, N.Y. — An $11 billion national settlement is under discussion to resolve claims over JPMorgan’s handling of mortgage-backed securities in the run-up to the recession, said a government official...
View ArticleJPMorgan to pay separate $100M penalty from CFTC
WASHINGTON — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted “recklessly” during a series of London trades that ultimately cost the bank $6...
View ArticleJPMorgan to pay over $2 billion in Madoff fraud
NEW YORK — JPMorgan Chase & Co., already beset by costly legal woes, will pay over $2.5 billion for ignoring obvious warning signs of Bernard Madoff’s massive Ponzi scheme, authorities said...
View ArticleJPMorgan adds cuts, to lay off 8,000 total this year
JPMorgan Chase plans to eliminate 8,000 jobs this year as its mortgage business shrinks and the giant bank aims to control costs at its branches.
View ArticleWells Fargo, JPMorgan settle mortgage kickbacks probe
Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to...
View ArticleMortgage comeback? Citigroup isn’t so sure
NEW YORK — Citigroup isn’t as enthusiastic as its peers about a comeback in the housing market. On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had...
View ArticleJPMorgan told to fix controls tied to $6B loss
WASHINGTON — JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion. Federal regulators are also...
View ArticleTribune reportedly selling off newspapers
Tribune Co., owner of The Baltimore Sun, will be auctioning off its newspaper properties, CNBC reported.
View ArticleJPMorgan faces criminal probe over mortgage bonds
NEW YORK — The U.S. Justice Department is investigating JPMorgan Chase over mortgage-backed investments the bank sold in the run-up to the financial crisis. The New York-based bank said in a regulatory...
View ArticleOfficial: $11B eyed in JPMorgan settlement talks
ALBANY, N.Y. — An $11 billion national settlement is under discussion to resolve claims over JPMorgan’s handling of mortgage-backed securities in the run-up to the recession, said a government official...
View ArticleJPMorgan to pay separate $100M penalty from CFTC
WASHINGTON — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted “recklessly” during a series of London trades that ultimately cost the bank $6...
View ArticleJPMorgan to pay over $2 billion in Madoff fraud
NEW YORK — JPMorgan Chase & Co., already beset by costly legal woes, will pay over $2.5 billion for ignoring obvious warning signs of Bernard Madoff’s massive Ponzi scheme, authorities said...
View ArticleJPMorgan adds cuts, to lay off 8,000 total this year
JPMorgan Chase plans to eliminate 8,000 jobs this year as its mortgage business shrinks and the giant bank aims to control costs at its branches.
View ArticleWells Fargo, JPMorgan settle mortgage kickbacks probe
Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to...
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