JPMorgan Private Bank

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JPMorgan Agrees to Record Financial Crisis Penalty

Company officially strikes $13B settlement

(Newser) - Quick, somebody #AskJPM how it feels to pay the largest civil settlement in history . JPMorgan Chase & Co. has reached a record $13 billion deal with federal and state authorities, resolving claims over the bank's sales of mortgage-backed securities that collapsed during the US housing crisis. It is the... More »

Beck Repeats Shoddy Stats on Obama Cabinet

Claim that only 10% of cabinet had private sector cred debunked

(Newser) - Glenn Beck’s claim that “under 10%” of Barack Obama’s cabinet appointees have “any experience in the private sector” turns out to be a bad statistic pulled from the internet. The tidbit originated in a study from JPMorgan Private Bank CIO Michael Cembalest, PolitiFact reports. Cembalest looked... More »

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