The total tab for JPMorgan Chase's constant legal trouble is now up to more than $31 billion--a figure so exorbitant and cruel that the bank's stock price just hit a record high.
Financial industry lobbyists are among those being asked to suggest who should replace Sandra Braunstein, the retiring Federal Reserve official who oversaw the regulator’s lackluster efforts to protect consumers in the years preceding the U.S. mortgage meltdown.
A 46-year-old man who was convicted after running a massive mortgage fraud operation never showed up to serve his prison sentence—and the FBI is now offering a reward for any information that could help track him down.
In late October, one financial institution was on the path towards racking up nearly $14 billion in penalties. And it's not alone.
The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the law, a potentially explosive charge against an industry already roiling from numerous government investigations into alleged wrongdoing.
JPMorgan Chase & Co has been talking with New York City Police Commissioner Ray Kelly about hiring him for a senior role in security at the bank, a person familiar with the matter said on Wednesday.
Every day in neighborhoods across the country, low-paid workers with little oversight or training decide whether to break into someone else's home.
The head of JPMorgan Chase & Co's audit committee acknowledged on Thursday that the bank had made mistakes and said it has tried to learn from them.
In the years since the financial crisis, we may not have solved too big to fail, sent any bankers to jail, or done much to prevent another financial crisis, and we certainly haven't changed Wall Street's devotion to money-making at all costs.