JPMorgan Chase & Co. and HSBC Holdings Plc face a European Union complaint as soon as next month as the bloc’s antitrust chief races to fine a quartet of financial companies that snubbed rate-rigging settlements.
The U.S. Treasury Department’s inspector general has threatened to punish JPMorgan Chase & Co. for failing to turn over documents to regulators investigating the bank’s ties to Bernard Madoff’s Ponzi scheme.
JPMorgan Chase & Co. and Bank of America Corp. are helping clients find an extra $2.6 trillion to back derivatives trades amid signs that a shortage of quality collateral will erode efforts to safeguard the financial system.
Mary Jo Kilroy is running against Wall Street again, echoing a message that won her a first term in Congress two years ago. This time, the Ohio Democrat is in danger of losing her seat to a former bank lobbyist.
The JPMorgan Chase & Co. unit responsible for at least $2 billion in losses on credit derivatives was valuing some of its trades at prices that differed from those of its investment bank, according to people familiar with the matter.
Millions of dollars in penalties slapped on some of the world’s biggest banks, including JPMorgan Chase & Co., by U.S. regulators are the result of policing powers established after the 2001 collapse of Enron Corp.