Stephen Cutler

Stephen Cutler News

  • Dimon’s Raise Haunts BNP as U.S. Weighs $10 Billion Penalty

    When JPMorgan Chase & Co.’s Jamie Dimon got a 74 percent raise in January, U.S. Attorney Preet Bharara fumed. He had forced the bank just weeks before to pay $1.7 billion for enabling Bernard Madoff’s Ponzi scheme. And yet Dimon was being rewarded.

  • SEC Official Didn’t Break Rule in JPMorgan Talks, Watchdog Says

    An internal U.S. Securities and Exchange Commission inquiry found former Enforcement Director Linda Thomsen didn’t break agency rules while talking with JPMorgan Chase & Co.’s legal chief during the bank’s emergency takeover of Bear Stearns Cos. last year.

  • N.Y. Fed Counsel Says Punish Bankers to Change Culture

    Bank culture has gone awry as financiers focus on transactions instead of customers, and punishment is one way to fix it, according to a top official at the Federal Reserve Bank of New York.

  • JPMorgan Hires Bank of America Attorney Baer to Oversee Regulation Issues

    JPMorgan Chase & Co. , the second- largest U.S. bank by assets, lured away Bank of America Corp. Deputy General Counsel Gregory Baer to oversee global regulation and corporate legal matters.

  • JPMorgan Extends Deadline for Acceptance of Mortgage-Bond Accord

    JPMorgan Chase & Co. agreed to give mortgage-bond trustees evaluating a proposed $4.5 billion settlement over bad loans an extra three months to consider signing onto the deal.

  • JPMorgan Hires Ex-SEC Enforcement Chief McLucas in Probes

    JPMorgan Chase & Co., the biggest U.S. bank, has hired former U.S. Securities and Exchange Commission enforcement chief William McLucas to help respond to regulatory probes of the firm’s $2 billion trading loss.

  • Dimon’s Annual Meeting Brings Apology

    Jamie Dimon , JPMorgan Chase & Co. ’s chairman and chief executive officer, said he was sorry for foreclosure mistakes as hundreds of protesters at the annual meeting demanded he do more to help homeowners and small businesses recover from the financial crisis.

  • WilmerHale, Jones Day, Dechert: Business of Law

    U.S. Attorney Patrick J. Fitzgerald in Chicago, the chief federal prosecutor in the Northern District of Illinois since Sept. 1, 2001, said he will step down, effective June 30.

  • JPMorgan, Galleon, Google, Madoff in Court News

    JPMorgan Chase & Co. and the biggest U.S. banks face billions of dollars in legal costs related to their role in the financial crisis, threatening their profits and the stock price gains they made in 2010, Bloomberg News’s Linda Sandler reports, citing analysts.

  • Who Will Save U.K. From Royal Bank of Scotland?

    A U.K. government adviser issued a scathing report on the business practices of Royal Bank of Scotland Plc. And now the government-controlled bank has hired a law firm to conduct its own investigation of itself, while the U.K. government prepares to investigate the bank even further.

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