Archive for January, 2013

Whale of a job change for JPMorgan’s Staley

January 14, 2013

The following article is brought to you by David Henry at Reuters.Com. James “Jes” Staley is leaving his job as chairman of the investment banking unit of JPMorgan Chase & Co to join a hedge fund that profited from the bank’s $6.2 billion “London Whale” loss. The 56-year-old Staley, who was moved aside in July […]

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JPMorgan board may weigh releasing report on chief executive officer Jamie Dimon

January 14, 2013

The following article is brought to you by IndiaTimes.Com. NEW YORK: JPMorgan Chase’s board will consider releasing an internal report this week that faults chief executive officer Jamie Dimon’s oversight of a division that lost more than $6.2 billion on botched trades, according to two people with direct knowledge of the matter. The final report, […]

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JPMorgan Chase: Bank faces major regulatory action

January 14, 2013

The following article is brought to you by JILL SCHLESINGER at CBSNews.Com. JPMorgan Chase (JPM) is likely to face a major regulatory action connected with firm’s anti-money laundering and compliance programs. The banks two main regulators, the Office of the Comptroller and the Currency (OCC) and the Federal Reserve, are expected to announce the action […]

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JPMorgan Chase to pay $753M to foreclosure fund

January 14, 2013

The following article is brought to you by BusinessWeek.Com. JPMorgan Chase & Co. will pay $753 million into a fund for wronged borrowers as part of a federal mortgage-abuse settlement, according to a regulatory document filed Wednesday. It is one several U.S. banks that agreed this week to pay $8.5 billion to settle charges that […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 2 Comments »

JPMorgan Chase & Co. : JP Morgan Facing U.S. Order to Improve Compliance –Reuters

January 14, 2013

The following article is brought to you by 4-Traders.Com. JP Morgan Chase & Co. (JPM) is expected to receive a cease-and-desist order as early as Friday from the Office of the Comptroller and the Federal Reserve directing it to improve oversight of suspect money flows, Reuters reported Friday, citing people familiar with the situation. The […]

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