New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 16, 2012
13:44 EDTJPMJPMorgan 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.
News For JPM From The Last 14 Days
Check below for free stories on JPM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | all recent JPM news | >>
April 11, 2014
06:03 EDTJPMJPMorgan CEO Jamie Dimon hopes to minimize corporate cash, WSJ says
Subscribe for More Information
April 10, 2014
15:25 EDTJPMNotable companies reporting before tomorrow's open
Subscribe for More Information
13:33 EDTJPMEarnings Preview: Analysts mixed on JPMorgan into Q1 results
Subscribe for More Information
13:08 EDTJPMJP Morgan April weekly 58 straddle priced for 2% move into Q1
Subscribe for More Information
08:37 EDTJPMDimon admits JPMorgan had 'tin ear' when listening to regulators, Reuters says
JPMorgan CEO Jamie Dimon said the company had a “tin ear” when dealing with regulators before settling investigations into mortgage lapses and trading losses, according to Reuters, citing comments from Dimon in a letter to the bank's investors. Dimon said, "Our response generally was, ‘We know what we’re doing.' Well, we should have done more self-examination. We need to be better listeners.” Reference Link
07:43 EDTJPMJPMorgan (JPM) CEO says 2013 was a year of 'pain,' WSJ reports
J.P. Morgan CEO Jamie Dimon acknowledged in his annual shareholder letter that legal issues and new regulations faced by the bank made 2013 "the most painful, difficult and nerve-wracking experience" he has ever dealt with professionally, reported The Wall Street Journal. Reference Link
06:41 EDTJPMGo Daddy hires Morgan Stanley, JPMorgan for IPO, NY Times says
Subscribe for More Information
06:35 EDTJPMMobile banking presents opportunity and risks for banks, WSJ reports
Subscribe for More Information
April 9, 2014
07:51 EDTJPMJP Morgan April volatility up into Q1 and outlook
Subscribe for More Information
07:50 EDTJPMCEO Dimon says U.S. banking system 'sound,' Europe lagging, Reuters says
Subscribe for More Information
07:18 EDTJPMLevy Economics Institute to hold a conference
Subscribe for More Information
06:35 EDTJPMRegulators increase leverage ratio requirement for large banks, NY Times says
Subscribe for More Information
06:27 EDTJPMBig banks must add capital to comply with new rules, WSJ reports
A of January 1, 2018, the U.S.'s eight largest banks -- including Citigroup (C), JPMorgan (JPM) and Goldman Sachs (GS) -- must add up to $68B in extra capital to comply with a new rule intended to help firms weather losses during periods of market stress, the Wall Street Journal. The banks will be required to maintain well above the minimum levels of capital held against assets on their books. Banks must report the new levels next year. Reference Link
<< 1 | 2 | 3 | all recent JPM news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use