Items Tagged with 'JPMorgan Chase'

ARTICLES

Chase officially satisfies $4 billion RMBS settlement consumer-relief requirement

Completes more than one year ahead of schedule
In his ninth and final report, Joseph Smith, monitor of the JPMorgan Chase Residential Mortgage-Backed Securities Settlement, credited Chase with more than its required $4 billion of consumer relief obligation. The settlement dates all the way back to claims that Chase, Bear Stearns and Washington Mutual packaged and sold bad residential mortgage-backed securities to investors before the financial crisis.
Read More

Banks want to cut bank branches, consumers say no

Where's the balance in retail branches versus online?
Banks keep pushing consumers toward online technology, but consumers aren’t ready to give up having a local retail branch an arm’s length away. As a result, banks are left trying to find the balance between having retail locations open for consumers and cutting back costs. So far, there's no easy answer.
Read More

JPMorgan, FDIC, Deutsche Bank finalize settlement in WaMu mortgage suit

JPM paid $645 million from receivership estate
JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is finally over. The settlement closes the door on issues that date back to the financial crisis. After nearly a decade of back and forth battles, here's what the parties agreed on.
Read More

JPMorgan, FDIC, Deutsche Bank near settlement in WaMu mortgage suit

Covers breaches of certain WaMu representations and warranties
JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is nearing an end. After battling back and forth, the latest update in the bank’s quarterly regulatory filing revealed two key agreements the involved parties finally came to.
Read More

JPMorgan Chase beats expectations for Q2 earnings

Strength in mortgages and real estate cited for growth
"JPMorgan Chase continued to perform well in all of our major businesses,” said Jamie Dimon, JPMorgan Chase chairman and CEO. “We saw strong underlying performance with record consumer deposits, up 10%, credit card sales volume, up 8%, merchant processing volume, up 13% and broad core loan growth, up 16%, particularly in mortgage and commercial real estate.”
Read More

JPM, Lone Star bid for bad Dutch bank

Bank holds $6.1 billion of loans, real estate
JPMorgan Chase and Lone Star Funds are currently the leading bidders for a bad Dutch bank. The sale is not secure yet, and could fall out at any time. Goldman Sachs and Cereberus Capital are also competing bidders in the deal. Here’s more on the deal these banks are fighting for.
Read More