A U.S. Treasury Department watchdog tried to examine whether JPMorgan Chase & Co (JPM.N) interfered with a regulatory probe into its relationship with convicted felon Bernard Madoff but the largest U.S. bank was able to nip the inquiry in the bud, a government official said on Monday. The U.S. Treasury […]
Tag: JPMorgan Chase
AIG sells aircraft leasing wing to focus on insurance
Insurer American International Group Inc (AIG.N) said on Monday it will sell its aircraft-leasing business to AerCap Holdings NV (AER.N) for $5.4 billion, after four years of trying to divest its biggest non-insurance business in fits and starts. The insurer, which was nearly wiped out by derivative bets during the […]
Bank of America’s Merrill to pay $132 million in SEC case over mortgages
Bank of America Corp (BAC.N) has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold. Thursday’s settlement marks the latest enforcement action against Wall Street banks over the marketing of collateralized debt […]
