JPMorgan Chase & Co may release on Wednesday additional results of internal probes into its $6.2 billion “London Whale” trading loss that could lead to a lower bonus for CEO Jamie Dimon, according to published reports. On Wednesday the bank, the biggest in the United States by assets, is scheduled […]
Tag: JPMorgan Chase & Co
JPMorgan ordered to comply with probe of Madoff
The Treasury Department watchdog ordered JPMorgan Chase & Co to work with U.S. regulators seeking documents in connection with a probe into the bank’s relationship with convicted Ponzi schemer Bernard Madoff, in a warning letter dated December 21. The letter from Treasury Inspector General Eric Thorson to JPMorgan‘s general counsel, […]
JPMorgan reaches deal with SEC staff on two mortgage probes
JPMorgan Chase & Co has reached an agreement in principle with the staff of the U.S. Securities and Exchange Commission to resolve two previously disclosed investigations related to mortgage-backed securities, the company disclosed in a quarterly filing on Thursday. The company did not say how much the settlements could cost. […]
