JPMorgan Chase agreed last month to a mortgage settlement that will cost the bank $13 billion. While that amount is a record for a single company, a closer look at what the bank had done sug... Read more
New York Attorney General Eric Schneiderman filed a civil fraud lawsuit against JPMorgan Chase & Co. last month over mortgage-backed securities packaged and sold by Bear Stearns. It was... Read more
Bear Stearns has agreed to a $275 million settlement in a nationwide shareholder lawsuit arising out of the near-collapse of the former Wall Street investment bank. The settlement resolves c... Read more
A state appeals court in New York has ruled that a JPMorgan unit cannot force insurers to pay a $250 million settlement between failed investment bank Bear Stearns and government regulators.... Read more
The level of government intervention resulting from the financial crisis has no recent precedent in this country. It was reported by Forbes that the sum of the liabilities assumed by federal... Read more
The former Bear Stearns Co., absorbed by J.P. Morgan Chase & Co. following its Bear Stearns’ near-collapse this year, has agreed to pay $28 million to redress consumers who were harmed b... Read more
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