JPMorgan Chase & Co. News

Epstein Victims Say Banks Chose Profits Over Following Law

Deutsche Bank AG and JPMorgan Chase & Co. chose to profit from Jeffrey Epstein’s sex-trafficking venture rather than follow the law, victims of the pedophile told a judge, urging him not to throw out their lawsuit seeking damages from the …

Nigeria Accuses JPMorgan of Ignoring Red Flags for Fraud, Seeks Damages of $1.7B

Nigeria alleged JPMorgan Chase & Co. ignored “overwhelming” evidence of fraud and stark warnings from its own compliance staff as it kicked off a London trial over transfers to a former oil minister accused of corruption. JPMorgan acted negligently in …

California: 49M Records Breached in 4 Years

More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015, state Attorney General Kamala Harris said in a report citing tips on how people and businesses can protect themselves. Harris …

Risk of ‘Brexit’ Pushes U.K. Services Firms’ Confidence to 3-Year Low

Confidence among U.K. services firms slid to a three-year low last month as the risk of Britain exiting the European Union weighed on executives’ minds. The drop in sentiment was reported by Markit Economics in its monthly sector survey. The …

Insurers & Banks Could Pull Jobs from U.K. in Event of ‘Brexit’: JPMorgan

JPMorgan Chase & Co. warned financial-services firms from banks to insurers could pull jobs out of the U.K. in the event of Britain voting to leave the European Union. Financial services would feel the “negative impact of Brexit“ most, which …

EU Cyber Watchdog Warns: More Money, Action Needed to Combat Hackers

Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said. “We don’t know if there are criminals trying to attack a power …

Report: Russian Hackers Attack 5 Big Banks, Steal Customer Data

Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation. At least one …

JPMorgan Botched Mailing of Replacement Cards in Conn. After Cyber Attack

JPMorgan Chase & Co. mailed incorrect replacements for payment cards to about 4,000 people for the state of Connecticut after personal data stored at the bank was accessed in a cyber attack this summer. The bank made the mistake as …

California Attorney General Files Suit Against JPMorgan Chase

California Attorney General Kamala D. Harris on Thursday filed an enforcement action against JPMorgan Chase & Co. alleging the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in …

MetLife to Sell Mortgage Service Unit , Focus on Insurance Operations

MetLife Inc. is selling its $70 billion mortgage servicing business to JPMorgan Chase & Co. for an undisclosed price. MetLife said last Friday that the move is part of its strategy to focus on the insurance side of its business. …