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1. JPMorgan CEO Says More to be Done on Cyberattacks
- Wednesday, October 15, 2014
NEW YORK (AP) – JPMorgan Chase's CEO Jamie Dimon says that more coordination between businesses and government is needed to combat the rising threat of cyberattacks.
New York-based JPMorgan said earlier this month that a breach of its computer systems this summer compromised customer information pertaining to roughly 76 million households and 7 million small businesses. Among the customer data stolen were names, addresses, phone numbers and email addresses.
2. JPMorgan $13 Billion Deal May Not End Bank's Legal Woes
- Thursday, November 21, 2013
WASHINGTON (AP) – The $13 billion settlement that JPMorgan Chase agreed to Tuesday is the largest ever between the Justice Department and a corporation. Yet it isn't likely the end of the bank's legal troubles over the risky mortgage securities it sold before the financial crisis.
3. Car Company's Tunica Plans Haven't Come to Fruition
- Tuesday, August 13, 2013
TUNICA, Miss. (AP) – It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles.
4. Banks' Earnings Pop Masks Deeper Concerns
- Thursday, July 18, 2013
NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.
Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.
5. JPMorgan's Profit Surges on Investment Banking
- Monday, July 15, 2013
NEW YORK (AP) – A surge in investment banking pushed up JPMorgan's second-quarter profit even as results at its consumer business sagged.
JPMorgan earned a bonanza in fees from underwriting stock and bond offerings in the first three months of the year as financial markets thrived. The gain offset a slight decline at the bank's consumer business, which struggled with lower mortgage fees.