Tag Archive | "JPMorgan"

JPMorgan Owns Up to Its Mistakes – to the Tune of $614 Million

Financial giant JPMorgan has taken the next step in making amends to the American government and its people, by agreeing to pay $614 million in settlements. The bank acknowledged that its practices of approving ineligible Veterans Affairs and Federal Housing Administration loans violated the False Claims Act, and that they failed to disclose their internal […]

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JPMorgan Settles with Federal Authorities Over Madoff Fraud

  The settlement reached by Federal authorities with JPMorgan Chase over the bank’s failure to warn of Bernard Madoff’s Ponzi scheme generated heavy print media coverage this morning, and was briefly mentioned on two network newscasts last night. The CBS Evening News (1/7, story 9, 0:25, Pelley, 5.58M) reported that the bank agreed to pay $1.7 billion “to […]

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