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Madoff Trustee: JP Morgan Execs Warned Of Fraud
NEW YORK (AP/CBS New York) — E-mails and other internal documents show that executives at JPMorgan Chase were complicit in Bernard Madoff’s massive fraud, lawyers seeking to recover funds for his...
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JPMorgan Says It Did Nothing Wrong In Madoff Fraud
NEW YORK (CBSNewYork/AP) — JPMorgan Chase, the bank where Bernard Madoff kept his clients’ money, said in a court filing Tuesday that it had no legal obligation to figure out that the Ponzi king’s...
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Report: Mets ‘Desperately’ Seeking Second Loan
NEW YORK (WFAN/AP) — There may be more trouble in Flushing. According to the New York Post, the Mets are “desperately” seeking a second loan to offset operating expenses. “JPMorgan Chase … is trying to...
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Report: Mets, Wilpons Face More Madoff Allegations
NEW YORK (WFAN/AP) — The Wall Street Journal is reporting the Mets’ owners are “expected to face additional allegations” from a court-appointed trustee who is trying to recover money for victims of the...
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Report: Mets’ Deal With David Einhorn Held Up By JPMorgan Chase Loans
NEW YORK (WFAN) — The minority ownership deal between the Mets and David Einhorn has taken so long that last week, after the June 30 exclusivity deadline had passed, three other bidders reportedly...
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Report: Mets, David Einhorn Redo Agreement; Ownership Reduced To 17 Percent
NEW YORK (WFAN) — When the Mets and David Einhorn reached a $200 million minority ownership agreement in May, it was reported that the hedge funder would own one-third of the cash-strapped franchise....
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Two Plead Guilty In Sub-Prime Mortgage Probe
NEW YORK (AP / CBSNewYork) – Two former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running probe of the federal sub-prime mortgage...
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JPMorgan Chase Spearheads Effort To Find Jobs For Veterans Through 100,000...
NEW YORK (CBSNewYork) – JPMorgan Chase and nearly 40 other companies, some of them also based in the New York City area, have teamed up to try and get veterans back into the workforce. JPMorgan Chase...
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JP Morgan/Chase Exec, Wall Street’s Highest Ranking Woman, Becomes First...
NEW YORK (CBSNewYork/AP) – The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning...
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JPMorgan Chase Says Actual Cost Of Bad Trade Grows To $5.8 Billion
NEW YORK (CBSNewYork/AP) – JPMorgan Chase said Friday that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly...
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Gov’t Goes After JPMorgan For Bear Stearns Fraud
NEW YORK (CBSNewYork/AP) – According to New York’s Attorney General, even while the nation’s economy was collapsing, Bear Stearns was only looking at its own bottom line and was lying to investors....
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2 JPMorgan Traders Charged For Alleged Role In Cover-Up Of $6 Billion In Losses
NEW YORK (CBSNewYork/AP) — Two former JPMorgan Chase & Co. traders falsified bank records to try to cover up trading losses that were spiraling out of control, prosecutors said Wednesday in a...
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JPMorgan Chase, Feds Reach Tentative $13-Billion Agreement
WASHINGTON (AP) — JPMorgan Chase & Co. has tentatively agreed to pay $13 billion to settle allegations surrounding the quality of mortgage-backed securities it sold in the run-up to the 2008...
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AG Schneiderman Announces $13 Billion Mortgage Settlement With JPMorgan Chase
WASHINGTON (CBSNewYork/AP) – JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank’s sales of low-quality, high-risk...
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Indictment Unsealed In MTA Skimming Case
New York (CBSNewYork) – Charges were upgraded Monday against four Romanian nationals accused of putting cameras and “skimming” devices on MTA ticket machines in order to steal financial information...
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JPMorgan To Pay Largest Ever Settlement Over Madoff’s Ponzi Scheme
NEW YORK (CBSNewYork/AP) – JPMorgan Chase & Co., already beset by other costly legal woes, will pay more than $2.5 billion for ignoring obvious warning signs of Bernard Madoff’s massive Ponzi...
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Deadline Extended For Madoff Victim Relief Fund
NEW YORK (CBSNewYork/AP) – The deadline for Bernard Madoff’s victims to sign up for a relief fund has been extended. The previous deadline for petitions to the Madoff Victim Fund was Feb. 28. It is now...
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Cyberattack Against JPMorgan Chase, Other Banks Might Have Left Accounts...
http://media.newyork.cbslocal.com/CBSNY_20140828172808797AA.mp4 NEW YORK (CBSNewYork/AP) — Several major banks, including JPMorgan Chase, appear to be victims of a cyberattack. The FBI is...
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Tellers At Multiple Banks Charged With Stealing From Customers In Fraud Scheme
http://media.newyork.cbslocal.com/CBSNY_20140916171619580AA.mp4 WHITE PLAINS, N.Y. (CBSNewYork) — Prosecutors Tuesday said hundreds of customers at White Plains bank are victims of theft – and the...
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76 Million Households Affected By JPMorgan Chase Data Breach
NEW YORK (CBSNewYork/AP) — JPMorgan Chase & Co. said Thursday that a data breach affected 76 million households and 7 million small businesses. The New York-based bank said there is no evidence...
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JPMorgan Chase Breach Heightens Data Security Doubts
http://media.newyork.cbslocal.com/CBSNY_20141003172848210AA.mp4 NEW YORK (CBSNewYork/AP) — New details on a cyberattack against JPMorgan Chase & Co.’s computer servers this summer add to...
View ArticleJPMorgan Chase Lobbying To Change Laws Regarding Hiring Of Ex-Offenders
NEW YORK (CBSNewYork) – Those convicted of a crime are getting a second chance in an unlikely place. Monday, JPMorgan Chase announced plans to not only hire ex-offenders, but lobby to change the laws...
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