JPMorgan reaches $290 million settlement with Jeffrey Epstein victims
The agreement stems from a November lawsuit that alleged the bank ignored red flags about Epstein in order to keep his business.
The agreement stems from a November lawsuit that alleged the bank ignored red flags about Epstein in order to keep his business.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
JPMorgan Chase has announced plans for its new global headquarters -- an all-electric building on Park Avenue.
Those convicted of a crime are getting a second chance in an unlikely place.
Three of corporate America's heaviest hitters — Amazon, Warren Buffett and JPMorgan Chase — sent a shudder through the health industry Tuesday.
Maddy Eddy was unable to get federal aid to repair her home on Beach 28th Street after Sandy, and that's where the city stepped in.
The New York-based bank disclosed Thursday that the breach compromised customer information pertaining to roughly 76 million households and 7 million small businesses.
JPMorgan Chase & Co. said Thursday that a data breach affected 76 million households and 7 million small businesses.
Prosecutors Tuesday said hundreds of customers at White Plains bank are victims of theft – and the thieves are tellers who allegedly took their money.
The hackers targeted JPMorgan Chase & Co. and at least four other banks in what's been described as a coordinated cyberattack.
The fund will distribute assets forfeited in the Madoff case. It's separate from a bankruptcy court proceeding that has recovered money to redistribute to burned Madoff clients.
The bank will pay $1.7 billion to settle criminal charges and a $350 million civil penalty for what the Treasury Department called "critical and widespread deficiencies'' in its programs to prevent money laundering and other suspicious activity.
Niculae Petre, Dorin Husa, Valer Zaharia, and Teodora Zaharia, are accused of stealing customers' PIN numbers and other financial information.
The settlement announced Tuesday requires JPMorgan to pay $9 billion and provide $4 billion in consumer relief, including principal reductions and other mortgage modifications for homeowners facing foreclosure.
The 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.
Preet 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.
According to New York's Attorney General, even while the nation's economy was collapsing, Bear Stearns was only looking at its own bottom line and was lying to investors.
It is clear that Democrats have shown a greater propensity to spend money wisely with their campaigns and allied groups. At the end of the day, that is what America needs.
CEO 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.
The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank's stunning $2 billion loss.
Five of the envelopes were sent to Wells Fargo banks, one was sent to JP Morgan Chase headquarters and another was sent to the mayor's office and ended up in a mailroom on Gold Street.
JPMorgan Chase and nearly 40 other companies, some of them also based in the New York City area, have teamed up to try and get veterans back into the workforce.
Two former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running probe of the federal sub-prime mortgage securities market that was expected to result in more arrests.
According to The Post, David Einhorn and the Mets are on track to close the book on their minority ownership deal by the end of August with a restructured half-loan, half-cash agreement. The catch?
A deal still isn't done between the Mets and potential minority owner David Einhorn. So what's taking so long? According to the New York Post, the delay is "because lender JPMorgan Chase is not letting the team structure the deal as a loan."
Jurors in former President Donald Trump's trial in New York heard testimony from a former media executive about his efforts to bury negative stories about Trump before the 2016 presidential election.
The 12th Annual Black Comic Book Festival returns to the Schomburg Center later this week.
Many romance scam support groups are full of people making other questionable promises of recovering funds, the CBS New York Investigative Team found.
We're about to get into the heart of severe weather season in the Tri-State Area, so what can you do to prepare your home and property?
A runner says a coyote stopped him dead in his tracks in Central Park Saturday morning.
The 12th Annual Black Comic Book Festival returns to the Schomburg Center later this week.
Many romance scam support groups are full of people making other questionable promises of recovering funds, the CBS New York Investigative Team found.
We're about to get into the heart of severe weather season in the Tri-State Area, so what can you do to prepare your home and property?
A runner says a coyote stopped him dead in his tracks in Central Park Saturday morning.
Demonstrators told the media on Tuesday they want Columbia University to divest from Israel.
We're about to get into the heart of severe weather season in the Tri-State Area, so what can you do to prepare your home and property?
Today will be sunny, breezy and mild with highs in the mid-60s. Then, we're tracking some rain showers late tonight.
Yale University says it is investigating after a Jewish student reported a protester jabbed her in the eye with a Palestinian flag.
A chilly morning will give way to sunshine and mild temperatures by the afternoon. Expect highs in the low 60s.
Sunday will be the cooler half of the weekend, with more clouds over the Tri-State Area.
We're about to get into the heart of severe weather season in the Tri-State Area, so what can you do to prepare your home and property?
Today will be sunny, breezy and mild with highs in the mid-60s. Then, we're tracking some rain showers late tonight.
The MTA's own assessment says there will be an uptick in pollutants in Bergen County, Bronx and Staten Island due to congestion pricing.
First responders raced through smoke to save dozens of dogs trapped inside a pet hotel near a fire in Fairfield, New Jersey.
The New York Jets reportedly traded quarterback Zach Wilson and a seventh-round draft pick to the Denver Broncos.
Many romance scam support groups are full of people making other questionable promises of recovering funds, the CBS New York Investigative Team found.
Suffolk County law enforcement officers are now equipped with a tool to help people on the autism spectrum during stressful encounters.
Former New York Rep. George Santos is no longer running for Congress, he announced Tuesday on X.
Long Island is on the front line in the battle against climate change, and some residents there are doing what they can to fight it - including taking inspiration from nature itself.
Sunday will be the cooler half of the weekend, with more clouds over the Tri-State Area.
Jurors in former President Donald Trump's trial in New York heard testimony from a former media executive about his efforts to bury negative stories about Trump before the 2016 presidential election.
Demonstrators told the media on Tuesday they want Columbia University to divest from Israel.
Former New York Rep. George Santos is no longer running for Congress, he announced Tuesday on X.
The MTA's own assessment says there will be an uptick in pollutants in Bergen County, Bronx and Staten Island due to congestion pricing.
The NYPD made several arrests at a pro-Palestinian protest outside NYU's Stern School of Business in Gould Plaza.
Suffolk County law enforcement officers are now equipped with a tool to help people on the autism spectrum during stressful encounters.
High blood pressure, or hypertension, may increase the risk of dementia, according to a new study. Hear from a doctor for advice on lowering your risk factors.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
Montefiore in the Bronx screened 200,000 people for social detriments of health, and found at least 20% have at least one social need.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
The classic musical, which first opened in 1966, is back on Broadway in an immersive new production titled "Cabaret at the Kit Kat Club," starring Eddie Redmayne, Gayle Rankin and Bebe Neuwirth. Leave your troubles outside!
Taylor Swift's new album, "The Tortured Poets Department," was released Friday, and Swifties in New York City came together to celebrate.
Anticipation was growing at a fever pitch before Taylor Swift's latest album, "The Tortured Poets Department," dropped at midnight EDT. But it turned out it's actually a double album.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
The New York Knicks stunned fans with a come-from-behind win over the Philadelphia 76ers at Madison Square Garden.
A Philadelphia 76ers spokesperson said the team plans to file a grievance over the officiating in the team's 104-101 loss to the New York Knicks on Monday night at Madison Square Garden.
Donte DiVincenzo's 3-pointer with 13 seconds left lifted the Knicks to a 104-101 win over 76ers on Monday.
Carolina scored 9 seconds apart in a 4-goal third period in a 5-3 victory over the Islanders in Game 2
Carlos Rodon pitched 7 stellar innings, but the Yankees still lost to the Athletics 2-0 on Monday.
The 12th Annual Black Comic Book Festival returns to the Schomburg Center later this week.
There are plans to turn an Inwood parking lot into new affordable apartments for the community.
From affordable housing to commercial properties, New York City developers are addressing the climate crisis in a variety of ways.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
Brooklyn Charter School in Bed-Stuy is trying to help parents with the cost of child care by expanding the school day to 12 hours.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
Behind the books at the Brooklyn Public Library lives an experience that's empowering some future chefs. Producer Maggie Cole takes us to Emma's Torch where refugees are finding their new path forward through food.
From Columbia University to New York University, protests against the Israel-Hamas war are showing no signs of slowing down. CBS New York's Jennifer Bisram and Mahsa Saeidi report.
The Black Comic Book Festival comes back to Harlem this week, bringing together fans of all generations to celebrate diverse voices and artists. As CBS New York's Jessi Mitchell explains, this 12th annual event aims to be bigger and better than ever.
And as CBS New York's Nick Caloway reports, it's going to be a slow process.
Neighbors, who call it an invasion, are demanding solutions. CBS New York's Elle McLogan reports.