J.P. Morgan http://www.globalpost.com/taxonomy/term/39870/all en US Senators blast JP Morgan 'whale' debacle http://www.globalpost.com/dispatch/news/afp/130315/us-senators-blast-jp-morgan-whale-debacle <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US senators Friday blasted banking giant JP Morgan over its mammoth trading losses on complex derivatives last year and called for tougher regulatory scrutiny of the banking industry.</p> <p>Senator Carl Levin, opening a hearing on JP Morgan's ill-fated "whale" trades, slammed the banking giant's trading operation that lost $6.2 billion over just a few months in 2012 as a "runaway train barreling through every risk limit."</p> <p>"Derivative values that can't be trusted are a serious risk to our financial system," Levin said. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130315/us-senators-blast-jp-morgan-whale-debacle" target="_blank">read more</a></p> Business Economic history Economics J.P. Morgan Labor Law United States AFP Fri, 15 Mar 2013 14:46:17 +0000 Agence France-Presse 5784543 at http://www.globalpost.com JPMorgan deal in power case was in public interest: regulator http://www.globalpost.com/dispatch/news/thomson-reuters/130906/jpmorgan-deal-power-case-was-public-interest-regulator <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON (Reuters) - A $410 million settlement by JPMorgan Chase &amp; Co &lt;JPM.N&gt; of alleged manipulation in the power market served the public interest more than an uncertain legal fight to punish individual bank executives, a U.S. regulator has said.</p> <p>In a reply to lawmakers' questions late last month, the chairman of the Federal Energy Regulatory Commission wrote that it had to weigh a certain settlement with JPMorgan against the costs and risks of taking the company to court.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130906/jpmorgan-deal-power-case-was-public-interest-regulator" target="_blank">read more</a></p> Business Finance Financial economics Investment J.P. Morgan JPMorgan Chase & Co Labor Law Social Issues Thomson Reuters Fri, 06 Sep 2013 21:01:55 +0000 Thomson Reuters 5926740 at http://www.globalpost.com JPMorgan Chase to pay $4.5 billion in mortgage security deal http://www.globalpost.com/dispatch/news/thomson-reuters/131115/jpmorgan-chase-agrees-pay-45-billion-mortgage-security-claims <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Karen Freifeld</p> <p>NEW YORK (Reuters) - JPMorgan Chase &amp; Co said on Friday it agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.</p> <p>The bank reached the agreement with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and Bear Stearns, which it took over during the financial crisis, according to the bank and lawyers for the investors.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131115/jpmorgan-chase-agrees-pay-45-billion-mortgage-security-claims" target="_blank">read more</a></p> Business Financial economics Investment J.P. Morgan JPMorgan Chase JPMorgan Chase & Co Thomson Reuters Fri, 15 Nov 2013 22:49:28 +0000 Thomson Reuters 5990697 at http://www.globalpost.com JPMorgan metal futures unit included in commodities sale: sources http://www.globalpost.com/dispatch/news/thomson-reuters/140108/exclusive-jpmorgan-metal-futures-unit-included-commodities-sale <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Susan Thomas and Veronica Brown</p> <p>LONDON (Reuters) - JPMorgan Chase &amp; Co &lt;JPM.N&gt;, the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.</p> <p>A JPMorgan spokesman initially declined to comment, but later said: "JP Morgan's metals futures brokerage is not up for sale and we continue to be committed to that business."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140108/exclusive-jpmorgan-metal-futures-unit-included-commodities-sale" target="_blank">read more</a></p> Financial economics Investment Investment banking J.P. Morgan JPMorgan Chase & Co Thomson Reuters Wed, 08 Jan 2014 18:03:25 +0000 Thomson Reuters 6038111 at http://www.globalpost.com