JPMorgan Chase, Feds Reach Tentative $13-Billion AgreementThe person said the tentative agreement does not resolve a criminal investigation of the bank's conduct. It is being handled by federal prosecutors in Sacramento, Calif.
2 JPMorgan Traders Charged For Alleged Role In Cover-Up Of $6 Billion In LossesPreet Bharara, the Manhattan U.S. attorney, hinted that the misconduct was not just the work of a couple of rogue traders, but was systemic in a bank that failed to keep adequate watch over its traders.
JPMorgan Chase Says Actual Cost Of Bad Trade Grows To $5.8 BillionCEO Jamie Dimon's original estimate of the loss from the bad trade, disclosed in a surprise conference call with Wall Street analysts in May, was $2 billion.
No Decisions Announced At New York Federal Reserve Meeting As Debt Ceiling Deadline Looms Executives from the country's biggest banks met with U.S. Treasury officials Friday to discuss how debt auctions will be handled if Congress fails to raise the borrowing limit before Tuesday's deadline.
Bank Executives, Treasury Department Officials Meet At Federal Reserve To Discuss Debt CeilingThe Treasury invited 20 of the largest banks to a meeting to discuss an upcoming quarterly auction of government debt.