JPMorgan Chase Related Content

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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Terry Mulreany
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