jp morgan chase

JP Morgan Chase has agreed to pay nearly a quarter of a billion dollars in compensation, penalties and disgorgement to federal and state agencies to settle charges of bid rigging in the municipal bond market, the Justice Department announced. Under the agreement, the nation's second-largest bank...

Recent market sell-offs may have been more about paranoia than about real risk. JPMorgan calculations indicate that the potential impact of rising oil prices on the economy may be less than most investors think. But the fear factor itself also can't be overlooked.

A little late to the social media party, JPMorgan plans to invest $450 million in Twitter to buy a 10% stake of the social media company.

Stocks ended the week on a positive note despite economic reports that fell short of expectations. But Cort Gwon of FBN Securities says there was lots to cheer about as fears over the debt crisis in Europe lessened and U.S. companies announced stellar earnings.

In a Senate panel hearing Monday, the Iowa attorney general said the problems in the home-loan industry extend well beyond just "robo-signing." A system-wide overhaul is needed, he said. But banks say any mistakes were merely procedural. Were homeowners wrongly forced out of their homes?

Attorneys General from every state have joined forces to investigate a nationwide foreclosure scandal in which leading U.S. financial institutions proceeded evicting homeowners based on potentially false documentation. State law enforcers today announced formation of the Mortgage Foreclosure...

The nation's second-largest bank by assets said third-quarter income rose 23% to $4.4 billion, or $1.01 a share. While investment and retail banking revenue slipped, JPMorgan was able to set aside less money to cover bad loans, which accounted for the better-than-expected earnings in the quarter.

GMAC, which is a unit of Ally Bank, has hired a number of accounting and legal firms to go over its foreclosure procedures.

Putting the brakes on the bill, which the House of Representatives passed in April and the Senate approved last month, signals caution at a time when allegations of flawed foreclosure documents are popping up across the nation.

Computer problems dogged Chase's (JPM) online banking services for a second day on Wednesday, leaving many customers frustrated. Problems first appeared on the Chase site late Monday, with customers unable to log on to their accounts. Technicians worked overnight to fix those problems by about 1...