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Friday, April 27, 2018
JP Morgan

JPMorgan Earnings Fall 19 Percent On Lower Mortgage Income

New York (AFP) – JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the U.S. banking giant seeks to turn the corner after costly legal settlements. JPMorgan, one of the first major companies to release first-quarter results, said net income was $5.3 billion, down 19 percent from a year […]

April 11, 2014

WATCH: Elizabeth Warren Introduces Bill To Expose ‘Sweetheart Deals’ For Corporations

Senator Elizabeth Warren (D-MA) rose to the floor of the Senate on Thursday morning to introduce the Truth in Settlements Act, which is co-sponsored by Senator Tom Coburn (R-OK). “Several years ago the government announced a $385 million settlement with Fresenius Medical Care for allegedly defrauding Medicare and other health programs for years,” Warren said. […]

January 9, 2014

JP Morgan To Pay $153 Million For Screwing Investors

As goes Goldman, goes the nation: JP Morgan Chase has agreed to pay $153 million to settle allegations that it misled investors when it created and marketed a risky mortgage investment shortly before the housing market collapsed. The Securities and Exchange Commission accused JP Morgan of securities fraud, saying the bank failed to tell investors […]

June 21, 2011