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Tag Archives: JPMorgan

JPMorgan Reshapes Executive Team

With Jennifer Piepszak taking over as JPMorgan's CFO and Marianne Lake stepping in as CEO of the bank's Consumer Lending Business, how will these changes impact the bank's plan of succession?

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JPMorgan Raising Wages After Passage of Tax Reform

While the long-term impacts of the tax reform bill passed by Congress and signed into law by President Trump remain to be seen, at least one major corporation is investing some of their tax windfall into continuing growth. According to ...

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Sentencing Date Set for Former JPMorgan Loan Officer

Former senior loan officer at JPMorgan Chase & Co. admitted to a $33 million mortgage fraud scheme recently. A Florida federal judge accepted the plea and set the sentencing date for August 17. In exchange for shorter sentencing and other charges to be dropped, the $33 million will be paid in restitution.

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JPMorgan Negotiates $4.5 Billion Settlement with Mortgage Trustees

In an effort to resolve claims against JPMorgan over alleged misrepresentations related to money-losing mortgage bonds, trustees agreed on Friday to accept the bank’s $4.5 billion settlement offer on behalf of the great majority of trusts that owned mortgage-backed securities issued by the bank.

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House Oversight Committee Wants Securities Settlement Documents

Capitol Hill

The ongoing tension between the Justice Department and the House Oversight Committee saw a new development this week as Rep. Darrell Issa (R-California), committee chair and vocal critic of Attorney General Eric Holder, requested the department turn over all of its documents related to its recent securities settlements with JPMorgan Chase and Citigroup.

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JPMorgan Wary of FHA Business

In a conference call with analysts following the release of its second quarter earnings report Tuesday, JPMorgan CEO Jamie Dimon took the time to single out Federal Housing Administration (FHA) backed lending as a source of risk for the Megabank.

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JPMorgan Earnings Report Mixed

Second-quarter profits at JPMorgan Chase dipped nearly 8 percent year-over-year as the bank continued to work with a diminished mortgage market. JPMorgan's latest earnings report, released Tuesday, shows the megabank earned $6.0 billion in profits over the latest three months, putting its performance somewhere between the $5.3 billion reported in the first quarter and $6.5 billion a year ago.

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