JPMorgan News

U.S. Approves JPMorgan Release of Funds to Sanctioned Russian Insurer

JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. “Following consultation with our regulators, we are processing this transaction,” JPMorgan …

JPMorgan Guilty Admission Marks Shift in SEC Policy

The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge to force wrongdoers to admit guilt. As part …

Rep. Frank Defends JPMorgan Against Lawsuit Over Bear Stearns

Democratic Congressman Barney Frank defended the nation’s largest bank on Monday, saying in a statement that the government was wrong to go after JPMorgan Chase & Co. for the alleged misdeeds of Bear Stearns. Frank, the co-author of the 2010 …

Banks Say Settlements Aren’t Slowing Financial Crisis Liability Suits

As U.S. authorities seek to make Wall Street pay for its role in triggering the financial crisis more than four years ago, banks are starting to fight back, frustrated that they are being asked to pay more than once for …

London Stung by U.S. Attack on Bank Regulation Record

Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London’s financial and legal circles said on Wednesday. Responding to attacks in Congress on London’s regulatory record, …

Bond Insurer Ambac Sues JPMorgan Over Mortgage Losses

Ambac Financial Group Inc., the bond insurer that last month won court approval to emerge from bankruptcy, has sued JPMorgan Chase & Co. to recover losses on securities it insured that were made by a unit of the former Bear …

Judge Tosses JPMorgan Lawsuit Against Insurers

A JPMorgan unit cannot force insurers to pay a $250 million settlement between failed investment bank Bear Stearns and government regulators, a state appeals court in New York ruled on Tuesday. Reversing a trial court, the appeals court threw out …

Allstate Sues Citi, Deutsche Bank Over Mortgage Securities

Allstate Corp. sued Citigroup Inc. and Deutsche Bank AG, accusing the banks of causing losses by hiding the risks on more than $385 million of mortgage securities it bought. Allstate, the largest publicly traded U.S. home and auto insurer, has …