JP Morgan

On Worries of Foreclosure JPMorgan Pulls Back From Less Credit Worthy Mortgage Lending

On Worries of Foreclosure JPMorgan Pulls Back From Less Credit Worthy Mortgage L

The second-biggest mortgage lender of the U. S., JPMorgan Chase & Co, plans to back away from giving home loans to lenders who are less creditworthy. They decided to take this approach after losing faith in its capability to convalesce a greater amount of money from foreclosure on home deals though even though the government provides guarantees.

Top Executive at JP Morgan Chase Bids Goodbye

Top Executive at JP Morgan Chase Bids Goodbye

The strict financial regulations at the Wall Street are causing changes in various organizations. A highly placed executive at JPMorgan Chase has quit the financial services major. Market experts consider this to be among the powerful exits.

“We will get through all of this”, says Jamie Dimon

“We will get through all of this”, says Jamie Dimon

According to a latest report, Jamie Dimon brought together his best executives and their spouses for the Wall Street equivalent of a pep rally. This was done last month at a museum on Fifth Avenue, in a dazzling reception hall which had a view of the Central Park from above.

JPM Agrees to pay $100 Million to Resolve Action taken by Commodity Futures Trading Commission

JPM Agrees to pay $100 Million to Resolve Action taken by Commodity Futures Trad

Today the JPMorgan Chase & Co. (JPM) agreed to pay $100 million to resolve an action taken by the Commodity Futures Trading Commission. The new agreement brings the penalties of more than $1 billion. This penalty has to be paid by the bank for the London whale. The figure would increase as more and more cases would be encountered.

$9.2 billion has been Kept Aside to Cover Rising Legal Expenses, announces JP Morgan

$9.2 billion has been Kept Aside to Cover Rising Legal Expenses, announces JP Mo

On Friday, JPMorgan announced that it has kept $9.2 billion aside. The amount will be used to cover its rising legal costs. This led it to state its first quarterly loss in Jamie Dimon.

Mr. Dimon, JPMorgan's chief executive, illustrated the legal expenses as "painful" on Friday.

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