JPMorgan

The use of cryptocurrency to make payments is becoming more limited in the UK, as JPMorgan Chase Bank has become the latest in a number of institutions to impose restrictions....

J.P. Morgan Chase reportedly aims to collect on an insurance policy after its acquisition of college aid platform Frank. The bank and Frank founder Charlie Javice are now engaged in a court battle, and J.P. Morgan Chase has filed a claim on a “representations and warranties” policy that it took out on the deal and that […]

After weeks of creeping to the edge of collapse, First Republic Bank is no more. Regulators seized control of the struggling California lender over the weekend, with the Federal Deposit Insurance Corporation (FDIC) announcing Monday (May 1) it had sold the bank to J.P. Morgan Chase. The sale of First Republic to the country’s largest bank came after several weeks […]

A regulator is reportedly looking into JPMorgan Chase’s due diligence on recent acquisitions. The Office of the Comptroller of the Currency (OCC) launched the audit before lawsuits were filed against the founder of one of the acquired companies, college financial planning platform Frank, the Financial Times (FT) reported Friday (April 7), citing unnamed sources. A JPMorgan Chase spokesperson declined to comment […]

J.P. Morgan Chase is reportedly buying Aumni, a data analytics firm for startup investors. The deal is part of a larger effort by America’s biggest bank to forge deeper ties with the venture capital world in the midst of an ongoing banking crisis, CNBC reported Wednesday (March 22). J.P. Morgan decided to purchase the company after leading its funding […]

The US will begin regulating cryptocurrencies as unease about stablecoins and crypto in general grows in Washington, JPMorgan Chase & Co. CEO Jamie Dimon predicted Monday, October 11. “Blockchain can be real, stablecoins can be real,” Dimon said, speaking to the Institute of International Finance annual membership meeting, per a Bloomberg News report. “No matter what anyone […]

According to Reuters, a  federal judge in Chicago said four former JPMorgan Chase & Co employees must face charges including racketeering in a case accusing them of manipulating the prices of precious metals futures. US District Judge Edmond Chang’s ruling on Tuesday, August 17, paves the way for an October 19 trial in the case, […]

A specialist London court will decide whether a long-awaited multi-billion pound class action against some of the world’s biggest banks over alleged foreign exchange rigging can proceed, reported Reuters. JPMorgan, Citigroup, Barclays, UBS, and NatWest, along with Japan’s MUFG Bank, are braced for the first forex class action in Britain over cartels dubbed “Essex Express” […]

JPMorgan Chase and Barclays will pay US$20.7 million to resolve investors’ claims they conspired to rig the Mexican government bond market, the first of nine banks in the proposed class-action litigation to settle, reported Reuters.  In a Monday night, June 1, filing with the US District Court in Manhattan, lawyers for the investors said the […]

According to a report by Reuters, a federal appeals court revived lawsuits by aluminum purchasers that accused Goldman Sachs, JPMorgan Chase, mining company Glencore and other companies of conspiring to drive up prices for the metal by reducing supply. In a 3-0 decision, the 2nd US Circuit Court of Appeals in Manhattan ruled that a […]

Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. The banks […]

An antitrust lawsuit filed against six major banks—Goldman Sachs, JPMorgan Chase, Bank of America, Credit Suisse, Morgan Stanley, and UBS Group—in August 2017, received a US District Judge’s approval on Thursday, September 27. The lawsuit alleged the banks jointly manipulated a competitive scenario in the stock lending market since 2009. The banks have been given […]