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
MAY 29, 2015 - 7:22 am
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
MAR 31, 2015 - 7:26 am
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
FEB 26, 2015 - 7:18 am
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
JAN 16, 2015 - 12:08 am
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
JAN 14, 2015 - 3:07 am
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
NOV 17, 2014 - 7:53 am
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
OCT 15, 2014 - 1:46 pm