JPMorgan Chase

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JPMorgan Chief Survives Health Scare

Jamie Dimon had emergency heart surgery

(Newser) - JPMorgan Chase CEO Jamie Dimon is recovering from another health scare, six years after he survived throat cancer . The bank says the CEO is "recovering well" after emergency heart surgery Thursday to treat an acute aortic dissection—a separation of tissues in the aorta wall, which is often fatal....

Chase Slammed for 'Poor-Shaming' After 'Motivational' Tweet

Elizabeth Warren among critics hitting Chase

(Newser) - Chase Bank's #MondayMotivation tweet was better suited for #ToneDeafTuesday, according to critics. The since-deleted tweet set up a hypothetical conversation between a bank account and its owner, who ponders the reasons for a low balance. "I guess we'll never know," the customer said, despite the bank...

Jamie Dimon: We've 'Bifurcated' the Economy

JP Morgan Chase CEO says the poor are being left behind

(Newser) - There are two Americas, according to JPMorgan Chase CEO Jamie Dimon: In one, people are benefiting from corporations that are doing well. In the other, however, people are really struggling. "I don't want to be a tone deaf CEO," Dimon said, per CNBC , at the bank's...

&#39;Sinkhole&#39; Turns Out to Be Secret Tunnel to Bank
They Thought
It Was a Sinkhole. 
Then They Saw
the Orange Cord
in case you missed it
Feb 3, 2019 12:40 PM CST

They Thought It Was a Sinkhole. Then They Saw the Orange Cord

FBI investigating after public works employees find secret tunnel leading to Florida bank

(Newser) - It started out as public works employees checking out a potential sinkhole or pothole; it ended up with the FBI trying to solve what the Sun Sentinel is now calling a "bank caper." What the workers spotted in the hole in Pembroke Pines, Fla., on Tuesday that raised...

Jamie Dimon Says He Could Beat Trump, Immediately Backtracks

'I should not have said it,' JPMorgan Chase head later clarifies

(Newser) - Jamie Dimon had fighting words for President Trump Wednesday morning, but by noon the JPMorgan Chase & Co. chairman and CEO was already backtracking. "I think I could beat Trump" in an election, Dimon said at an event celebrating the company's philanthropy. "I’m as tough as...

3 Corporate Giants to Go After the 'Hungry Tapeworm'

Amazon, JPMorgan, Berkshire Hathaway will team up on health care

(Newser) - "The ballooning costs of health care act as a hungry tapeworm on the American economy," says Berkshire Hathaway CEO Warren Buffett, and he has teamed up with some equally huge names in an attempt to go after said tapeworm. Amazon.com, Berkshire Hathaway, and JPMorgan Chase on Tuesday...

JPMorgan Chase Head on Bitcoin Buyers: 'They're Stupid'

Jamie Dimon predicts big losses for the digital currency

(Newser) - Jamie Dimon says he would fire any employee caught trading bitcoin "in a second," the Guardian reports. "It’s against our rules, and they’re stupid. And both are dangerous," the head of JPMorgan Chase said at a conference Tuesday. According to Reuters , bitcoin dropped 10%...

'Almost an Embarrassment Being American': Jamie Dimon

JPMorgan CEO goes on anti-DC rant

(Newser) - During JPMorgan Chase's earnings conference call Friday, CEO Jamie Dimon went off on a bit of a tangent. "It's almost an embarrassment being an American citizen traveling around the world and listening to the stupid s--- we have to deal with in this country," he said...

Report: Ads Yanked Over Megyn Kelly's Sunday Interview

JP Morgan Chase apparently doesn't want its ads next to Alex Jones promos

(Newser) - Megyn Kelly's interview with conspiracy theorist Alex Jones is set to air Sunday on NBC, and there's been no shortage of outrage over her decision to give airtime to the man who says the Sandy Hook massacre was a hoax. The Wall Street Journal reports by way of...

He Left Prison With a $120 Debit Card. Then Came the Fees

JPMorgan Chase agrees to $447K settlement

(Newser) - That prisoners get gouged by private companies is not new news, but a class-action suit has brought a bit of relief. Bloomberg reports that JPMorgan Chase on Monday agreed to pay $446,822 to ex-cons who were released from federal prison with a pre-paid, non-refillable debit card in hand—only...

5 Big Banks Get Failing Grades on 'Living Wills'

They need to retool emergency plans quickly

(Newser) - Federal regulators say five of the biggest banks in the US haven't worked out strong plans for how they might reshape themselves in case of failure, which could leave them unable to survive without another taxpayer bailout, reports the AP . JPMorgan Chase, Bank of America, Wells Fargo, Bank of...

LeBron's Announcement Makes Ohio Families Gasp

Basketball star's foundation, U. of Akron to offer free rides to college

(Newser) - "As a kid growing up in the inner city ... you don't really think past high school. You don't really know your future." Those were the words of LeBron James in Sandusky, Ohio, yesterday as he announced how he plans to change that outcome: by offering full...

Biggest Banks Can Handle 'Severe' Recession: Fed

Reserve's 'stress tests' show 31 banks stronger than ever since 2008 crisis

(Newser) - All of the nation's 31 largest banks are adequately fortified to withstand a severe US and global recession and keep lending, the Federal Reserve said yesterday. Results of the Fed's annual "stress tests" show that as a group, the 31 banks are stronger than at any time...

5 Banks Fined $3.4B for Market Manipulation

Foreign exchange probe involves Citibank, JPMorgan Chase, HSBC

(Newser) - US, British, and Swiss regulators have fined five global banks for attempting to manipulate foreign exchange markets—the latest penalties for an industry previously criticized for rigging interest rates and for its role in triggering the global financial crisis. Citibank, JPMorgan Chase Bank, Royal Bank of Scotland, HSBC Bank, and...

Rolling Stone Profiles Chase Whistleblower

The article calls her the bank's 'worst nightmare'

(Newser) - Matt Taibbi, an American freelance journalist the New York Times describes as having an "avid following," is known for writing critically of Wall Street. Some may recall his 2010 Rolling Stone feature "The Great American Bubble Machine," in which he describes Goldman Sachs as "a...

JPMorgan Attack Hit 10 Financial Firms

Hackers likely working from Russia: report

(Newser) - The hacking of JPMorgan Chase—which was on par, size-wise, with the attack on Target —affected about nine other financial companies, too, the New York Times reports. Exactly which banks and brokerages those were isn't clear, nor is it certain if those breaches were as extensive as JPMorgan'...

JPMorgan Hack Was Huge: 76M Households

Bank reveals numbers involved with summer breach

(Newser) - News surfaced in August that hackers had gotten into customer data at JPMorgan Chase, but a regulatory filing today reveals that the hack was way bigger than originally thought: The nation's largest bank says the accounts of 76 million households and 7 million small businesses were compromised, reports Bloomberg...

Did Russian Cyberattackers Raid Big US Banks?

Feds suspect attacks could be payback for sanctions, sources say

(Newser) - The big banks are staying tight-lipped about it, but multiple sources say several major US financial firms were hit by hackers who made off with gigabytes of data earlier this month. The banks included JPMorgan Chase and at least four others, according to New York Times sources, who say the...

Feds, BofA Strike $17B Settlement

Justice announces largest deal it's ever reached

(Newser) - The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. The deal announced today calls for the bank, the second-largest in the US, to pay a $5 billion cash...

BofA, Feds Near Biggest Settlement in US History

Justice Dept. deal would cost bank $16B-$17B for foreclosure mess

(Newser) - Bank of America is headed toward the biggest settlement to arise from the 2008 financial crash, a deal with the Justice Department reportedly worth $16 billion to $17 billion over its role in the sale of mortgage-backed securities, a source directly familiar with the matter tells the AP . The tentative...

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