U.S. Regulator to Fault JPMorgan Over Madoff Accounts
Regulators plan to fault JPMorgan Chase, which served as Bernie Madoff's main bank for two decades, for failing to report suspicious activity, a source says.
office of the comptroller of the currency
JPMorgan Hid London Whale Trading Risks, Senate Panel Says
A Senate panel issued a scathing report on JPMorgan's $6.2 billion trading loss last year, saying the bank ignored growing risks and hid losses from investors and regulators.
10 Top Banks Agree to Pay $8.5 Billion for Foreclosure Abuses
Ten major banks and mortgage companies have agreed to pay $8.5 billion to settle complaints that they wrongfully foreclosed on homeowners. Under the settlement, people who were wrongfully foreclosed on could receive from a few hundred dollars up to $125,000.
HSBC to Pay $1.9 Billion to Settle Money-Laundering Case
HSBC agreed Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. Europe's largest bank will pay the biggest penalty ever imposed on a bank after facing accusations it transferred funds through the U.S. from Mexican drug cartels and on behalf of nations such as Iran that are under international sanctions.
Payments for Bad Foreclosures Are No Undeserved Windfall
Since the housing crash, millions of Americans have lost their homes, many of them victims of improper foreclosures. Now, those unfairly evicted homeowners are getting compensation. But don't be concerned that they're getting more than they deserve.
Robo-Signing: California Dems Call for Federal Probe
The state's House Democratic delegation has asked the Justice Department, the Fed and Controller of the Currency to investigate the widespread -- and growing -- problem of faulty bank documents in foreclosure cases. One agency is taking action.
Legal Briefing: Will Banks Have to Refund Overdraft Fees?
A judge ruled that Wells Fargo has to pay its customers restitution for processing checking-account transactions in a way that makes the most charges bounce and maximizes overdraft fees. Other banks have also been sued over this issue.
