JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported. The settlements would fault the bank for […]
Tag: JPMorgan Chase
JPMorgan $13 billion mortgage settlement expected Tuesday: sources
JPMorgan Chase & Co (JPM.N) is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said. The civil settlement would mark the end […]
Paramount Accuses JPMorgan Chase, Content Partners of Conspiracy
There’s a conspiracy afoot — or at least that’s what Paramount Pictures claims in legal papers that the company filed Thursday. In a cross-complaint filed by Paramount as part of an ongoing legal action between Paramount and Content Partners, Paramount says that JPMorgan Chase was part of a conspiracy to […]
