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An estimated trading loss of $2 billion was announced. However, the loss amounted to more than $6 billion for JPMorgan Chase. [2] [3] These events gave rise to a number of investigations to examine the firm's risk management systems and internal controls. JPMorgan Chase agreed to pay $920 million in total fines to US and UK authorities.
The 2014 JPMorgan Chase data breach was a cyberattack against American bank JPMorgan Chase that is believed to have compromised data associated with over 83 million accounts—76 million households (approximately two out of three households in the country) and 7 million small businesses. [1] The data breach is considered one of the most serious ...
JPMorgan Chase is paying $348 ... paid $250 million in fines to the Justice Department and SEC to end a multiyear investigation into how it handled large "block" trades for clients between 2018 ...
Forex scandal. Parts of this article (those related to talk) need to be . The forex scandal (also known as the forex probe) is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain.
JPMorgan Chase and Bank of America are taking steps to limit junior bankers' work hours. The move follows scrutiny over Wall Street's culture of overworking and a recent death. Other banks ...
JP Morgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses: Hearing before the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs, United States Senate, One Hundred Thirteenth Congress, First Session, March 15, 2013, Vol. 1 Vol. 2
Spokespeople for JPMorgan, Wells Fargo, BofA and the CFPB declined to comment. In a statement, Early Warning Services, the operator of Zelle, said it has "proactively taken steps to go above the ...
The complaint alleges JP Morgan and the Bank of New York as well as powerhouse accounting firm KPMG and their international counterparts, KPMG UK and KPMG International were primary players necessary to accomplish the fraud." [119] [120] On December 2, 2010, Picard sued JPMorgan Chase, seeking damages and restitution of at least $6.4 billion.