Items Tagged with 'JPMorgan Chase'

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Donald Trump names JPMorgan, Blackstone CEOs to advisory board

Forum comprised of 16 CEOs
President-elect Donald Trump’s latest selection of leaders involves a new idea: the President’s Strategic and Policy Forum. The group is comprised of 16 CEOs, which includes Stephen Schwarzman, chairman, CEO, and co-founder of Blackstone, and Jamie Dimon, chairman and CEO of JPMorgan Chase.
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JPMorgan Chase beats 3Q16 revenue expectations

Company sees record loan balances in asset management
JPMorgan Chase beat its revenue expectations in the third quarter this year, with mortgage loan growth serving as the driving factor. Consequently, the company saw a significant increase mortgage banking revenue.
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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.
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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.
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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.
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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.
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