JPMorgan Chase Related Content

JPMorgan, Simpson Sued Over GM Loan Mistake

Bloomberg reported that one of the participants in a $1.5 billion term loan that JPMorgan Chase made to GM before its bankruptcy is now suing the bank and its lawyers at Simpson Thacher & Bartlett. read more


JPMorgan Beats the Street on Lower Expenses

JPMorgan Chase reported Q2/15 earnings of $6.3 billion, up from $6 billion in Q2/14 despite a drop in net revenue of $806 million. Earnings per share of 1.54 exceeded analysts’ expectations of $1.44 EPS. read more

GE Said to Hire Banks to Start Sale on $20B Assets

Bloomberg reported GE has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its healthcare, railcar and franchise finance divisions. read more


SNL: $1B+ Banks Report $2.5B from Q1 Overdraft Fees

According to SNL Financial, banks with more than $1 billion in assets collectively reported they took in $2.51 billion in overdraft fees in Q1/15. read more

JPMorgan, BofA Said to Plan Job Cuts to Trim Expenses

Bloomberg reported JPMorgan Chase and Bank of America are planning job cuts to contain expenses as revenue stagnates in a prolonged era of low interest rates. read more

JPMorgan Execs Said Deposed in SEC Asset-Management Probe

Bloomberg reported the SEC’s enforcement division is looking at whether senior asset-management executives at JPMorgan Chase developed a policy of improperly steering clients into investments for the bank’s own financial gain. read more

Unintended Consequence – Inside Look at JPMorgan’s Costly Mistake

Recently, we reported that JPMorgan Chase lost a court battle with General Motors’ predecessor’s creditors over a $1.5 billion term loan as a result of human error. In an exclusive “story behind the story,” ABF Journal contributor Jeffrey A. Wurst provides his take on the case. read more

JPMorgan CEO Comments on Difficulty Dealing with Regulators

Bloomberg reported that JPMorgan Chase CEO Jamie Dimon, while on a call with analysts, said overlapping efforts by U.S. regulators place banks “under assault.” read more

JPMorgan Reports Record FY/14 Earnings, Q4 Hurt by Legal Costs

JPMorgan Chase reported earnings for FY/14 was a record $21.8 billion, compared with $17.9 billion in the prior year. Q4/14 net income of $4.9 million was down from $5.3 million a year earlier with the bank noting a legal charge of $990 million. read more

Secret Tapes Hint at Turmoil in NY Fed Team Monitoring JPMorgan

ProPublica reported that as the Federal Reserve Bank of NY moved to beef up oversight of Wall Street two years ago, the team charged with supervising JPMorgan Chase was in turmoil. read more

JPM Chase Swings to Q3 Profit on Lower Legal Costs

JPMorgan Chase reported Q3/14 net income of $5.6 billion compared to a net loss of $0.4 billion a year earlier. The firm noted it recorded a legal expense of $1.1 billion in Q3/14 compared to a $9.3 billion charge in the prior year. read more

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