Lawsuit accuses 22 banks of manipulating US Treasury auctions
Lawsuit accuses 22 banks of manipulating US Treasury auctions

Primary dealers are the banks authorized to transact directly with the Federal Reserve who are big players in Treasury bond auctions and act as market makers in the secondary market.

JPMorgan profit rises as expenses fall

JPMorgan Chase & Co , the biggest US bank by assets, reported a 5.2 percent increase in quarterly profit as expenses declined.

Banks did not do enough to police FIFA transactions, says global agency
Banks did not do enough to police FIFA transactions, says global agency

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer’s global governing body FIFA, and cautioned banks to step up scrutiny.

US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

UBS to pay $545 mn over forex scandal, rivals await fate

UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.

US demands guilty plea in forex rigging deal: JPMorgan

JPMorgan Chase said Thursday that the US Justice Department will require the bank to plead guilty to settle charges it conspired with other banks to rig the foreign exchange market.

Forex rigging settlements now seen next week

Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.

Ex-JPMorgan investment adviser charged in $20 mn fraud

A former investment adviser for JPMorgan Chase was arrested Thursday on charges he stole some $20 million from clients and put most of the money into losing investments, US authorities said.

JPMorgan says banks may be making 'bad loans' as LBOs boom

JPMorgan Chase & Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview. 

JPMorgan needs $22bn to meet Fed capital buffer

JPMorgan Chase would need $22 billion more in capital by 2019 to meet new Federal Reserve capital rules, the Fed said Tuesday.

Fed to propose extra capital cushion for 8 big US banks

Most of the banks, which include JPMorgan Chase and Goldman Sachs, would be held to higher capital requirements under the Fed`s proposal than under a similar rule by global regulators, officials said.

JPMorgan faces suit over $10 bn in mortgage bonds

JPMorgan Chase will face a US class-action lawsuit over the sale of $10 billion worth of allegedly falsely valued mortgage bonds before the financial crisis, a judge has ruled.

Barclays, Citigroup, HSBC and others may face record fines over currency rigging: Report

Barclays, Citigroup, HSBC, JPMorgan Chase, the Royal Bank of Scotland and UBS have begun meetings with the Financial Conduct Authority (FCA) to agree a settlement, and fines may amount to over one billion pounds ($1.6 billion, 1.3 billion euros), the FT reported, citing sources close to the situation.

JPMorgan profit weaker than expected as trading revenue falls

Overall, net income fell 19 percent to $5.27 billion, or $1.28 per share, from $6.53 billion, or $1.59 per share, in the same quarter of 2013, the biggest U.S. bank said on Friday.

JPMorgan earnings fall 19% on lower mortgage income

JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.

Russia says JPMorgan ''illegally'' blocked embassy money transfer

Russia accused US bank JPMorgan on Tuesday of "illegally" blocking a payment from one of its embassies to an insurance agency "under the pretext of anti-Russian sanctions."

JPMorgan sells physical commodities unit to Mercuria for $3.5 bn

JPMorgan is selling its physical commodities business to Mercuria for USD 3.5 billion, the US investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

JPMorgan pays $400 mn to settle on mortgage securities

US banking giant JPMorgan Chase agreed to pay USD 400 million in cash to settle litigation filed by Syncora Guarantee Inc. over mortgage-backed securities, according to the bond insurer.

JPMorgan Chase to cut 5,000 jobs in 2014

JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presentation posted to the JPMorgan website ahead of an investor day.

US prosecutor Preet Bharara`s office recovers nearly USD 4 billion since Jan 2013

Indian-origin US prosecutor Preet Bharara`s office has recovered nearly USD four billion from criminal and civil cases since January 2013, including significant forfeitures from JPMorgan Chase, SAC Capital Advisors and jailed hedge fund founder Raj Rajaratnam.