U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. The company is arguing that it should pay less to settle the claims by the U.S. Federal […]
Tag: JP Morgan Chase
China probe is latest legal headache for JPMorgan
A federal bribery investigation into whether JPMorgan Chase & Co. hired the children of key Chinese officials to help it win business is just the latest in a series of legal and regulatory headaches for Chief Executive Jamie Dimon. Dimon piloted the bank through the financial crisis, but it is […]
U.S. considering arrests in JPMorgan ‘whale’ case: sources
U.S. authorities are considering arresting two former JPMorgan Chase & Co employees for their alleged role in masking $6.2 billion “London Whale” losses, according to two people familiar with the situation. In the latest twist in a scandal that has tainted the reputation of the largest U.S. bank and led […]
