JPMorgan Chase is the largest bank in the United States, and one of the world’s largest public companies.
Market talk swirled that the reshuffle related to a hiring investigation launched by US regulators into allegations that JP Morgan inappropriately hired the children and relatives of well connected politicians and businessmen in exchange foMonday, 16 February, 2015, 1:55pm 12 comments
The investment bank JPMorgan Chase & Co is under federal scrutiny in the United States over hiring the son of China's current commerce minister, the Wall Street Journal reported.8 Feb 2015 - 6:28am 6 comments
The US$4.3 billion in civil settlements struck between six global banks and US and British authorities over foreign exchange market manipulation sets the stage for negotiations over related probes that could bear much more severe consequences.14 Nov 2014 - 3:05am
US, British and Swiss regulators fined HSBC and four other global banks more than US$3 billion for attempting to manipulate foreign exchange markets.13 Nov 2014 - 7:53am 3 comments
Hackers exploited an employee password to crack a JPMorgan Chase server and pull off one of the largest cyber-attacks ever, accessing data on 76 million households and 7 million businesses.4 Oct 2014 - 3:50am 1 comment
JP Morgan Chase's chief executive for China investment banking is stepping down after more than a decade of making deals at the US bank, people familiar with the situation said.25 Mar 2014 - 11:50am 2 comments
JPMorgan Chase said on Wednesday it had made a deal to sell its physical commodities business for US$3.5 billion as regulators weigh whether to restrict banks’ ability to control power plants, warehouses and oil refineries.
If it’s approved by regulators, the deal would put the commodities business in the hands of energy and commodities trading company Mercuria Energy.20 Mar 2014 - 10:28am
JP Morgan Chase, the largest bank in the United States, announced thousands of job cuts as its mortgage lending business slows.
The company said it expected total headcount to fall by 5,000 to 260,000 this year. The bank is also lowering its profitability target.27 Feb 2014 - 1:09am
JPMorgan Chase is embroiled in another scandal involving top mainland officials and jobs for well-connected individuals.11 Feb 2014 - 2:48pm 4 comments
Western financial institutions and Chinese firms have become more cautious about employing potentially influential mainlanders in the wake of publicity over JP Morgan's repeated hiring of well-connected Chinese.8 Feb 2014 - 1:27am 2 comments
JP Morgan Chase settled the latest in a string of legal claims on Tuesday when it agreed to pay US$614 million to the US government and admitted that it had defrauded federal agencies by underwriting substandard mortgage loans.6 Feb 2014 - 3:55am 1 comment
JPMorgan Chase head Jamie Dimon's pay nearly doubled to US$20 million for 2013, despite the bank being forced to pay out billions to resolve legal and regulatory cases arising under his tenure.26 Jan 2014 - 5:29am 1 comment
For the second time in three months, JPMorgan Chase has ceased working on a major Chinese initial public offering amid a US investigation into the Wall Street giant’s hiring practices.21 Jan 2014 - 4:49pm
The trustee unwinding Bernard Madoff's fraud has recovered more than US$10 billion for victims five years after the biggest Ponzi scheme collapsed, including US$543 million from JPMorgan Chase.8 Jan 2014 - 11:29pm
For more than 15 years, there were signs something was amiss with what US federal prosecutors in Manhattan call the "703 account" at JPMorgan Chase.9 Jan 2014 - 4:28am