AP – Hopes that Europe will finally take the bold steps needed to stem its financial crisis sent stocks higher Wednesday. The Dow Jones industrial average rose 65 points, led by JPMorgan Chase & Co.
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Read More »Reuters – JPMorgan Chase & Co and Bank of America led bank stocks lower on Tuesday after mortgage lawsuits filed late on Friday aggravated investor fears that the biggest banks could face massive legal liabilities.
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Read More »Reuters – JPMorgan Chase & Co agreed to pay $153.6 million to settle Securities and Exchange Commission charges that it defrauded investors who bought mortgage securities sold just before the nation’s housing market collapsed.
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Read More »AP – JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing.
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Read More »Reuters – JPMorgan Chase & Co has received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, Bloomberg said, citing a person familiar with the investigation.
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Reuters – JPMorgan Chase & Co is in advanced talks with U.S. regulators to resolve a probe into its role in selling subprime mortgage-backed bonds in 2007, a case that highlights a rare misstep by Chief Executive Jamie Dimon.
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Reuters – The Dow and the S&P 500 fell on Wednesday as JPMorgan Chase & Co’s strong profit growth failed to convince investors that the performance could be repeated, or that the results would translate to other companies.
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Read More »Reuters – JPMorgan Chase & Co is in settlement talks with the SEC to end a probe into how the investment bank marketed a deal involving subprime mortgages in 2007, according to the Financial Times.
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