News Breaks |
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| November 16, 2012 |
| 13:44 EDT |  | JPM | JPMorgan reaches settlement with SEC regarding Bear Stearns and securities
JPMorgan announced an agreement with the SEC to settle SEC inquiries regarding disclosures in certain residential mortgage-backed securities, or RMBS, offerings issued by Bear Stearns and one issued by J.P. Morgan. The agreement is subject to court approval. As part of the agreement, J.P. Morgan Securities and the other settling entities consented to the filing of a complaint, without admitting or denying its allegations, and will pay disgorgement and penalties totaling approximately $297M. More than two-thirds of these payments relate to securities issued by Bear Stearns and are slated for return to the trusts Bear sponsored or the investors in those trusts. The SEC's complaint makes allegations under the negligence-based provisions of the federal securities laws and does not include charges of intentional misconduct. J.P. Morgan is pleased to have reached agreement with the SEC to put these matters concerning RMBS behind it. The settlement also resolves SEC claims concerning the delinquency disclosures in an RMBS offering by a J.P. Morgan affiliate in 2006. While the company has received no assurances from the SEC that additional claims will not be filed in the future, the company is unaware of any active SEC investigations into JPMorgan's RMBS activities beyond those that are being resolved. |
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News For JPM From The Last 14 Days Check below for free stories on JPM the last two weeks. |
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| May 14, 2013 |
| 08:24 EDT | | JPM | David Tepper says has 'small position' in JPMorgan
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| 07:28 EDT |  | JPM | UBS to host a conference
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| 05:58 EDT |  | JPM | JP Morgan volatility at low end of six-year range
JP Morgan May call option implied volatility is at 22, June is at 20, August and September at 19; compared to its 26-week average of 22 according to Track Data, suggesting non-directional price movement. |
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| 05:44 EDT |  | JPM | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 15:04 EDT | | JPM | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 07:41 EDT | | JPM | Dimon role may be decided by board director Raymond's view, NY Times reports
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| 07:07 EDT |  | JPM | JPMorgan shares offer good value, says Bernstein
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| 06:22 EDT | | JPM | JPMorgan's Dimon has considered leaving the bank, WSJ reports
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