JP Morgan News

Wells Fargo, JPMorgan Among Banks Sued Over SBA Virus Loans

Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and US Bancorp were sued by small businesses that accused the lenders of prioritizing large loans distributed as part of the virus rescue package, shutting out the smallest …

JPMorgan Inherited ‘Spoof’ Method From Bear Stearns, U.S. Says

When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick. Their strategy: Use multiple fake orders to manipulate the prices of precious metals futures. The maneuver, adopted by …

Sources Say JPMorgan Cuts Ties with OxyContin Maker Purdue Pharma

JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter …

JPMorgan Hackers Linked to Attacks at 13 Other Financial Firms

The hackers who raided the data banks of JPMorgan Chase & Co. used computers now linked to possible attacks on at least 13 more financial companies, according to a person familiar with the investigation. More than a month after the …

JPMorgan Password Hack Leads to Data on 76M Homes

Hackers exploited an employee password to crack a JPMorgan Chase & Co. server and ultimately pull off one of the largest cyber-attacks ever, accessing data on 76 million households and 7 million small businesses. JPMorgan, the largest U.S. bank, outlined …

JPMorgan Botched Mailing of Replacement Cards After Cyber Attack

JPMorgan Chase & Co mailed incorrect replacements for payment cards to about 4,000 people for the state of Connecticut after personal data stored at the bank was accessed in a cyber attack this summer. The bank made the mistake as …

Appeals Court Tosses JPMorgan Lawsuit Against Insurers

A JPMorgan unit cannot force insurers to pay a $250 million settlement between failed investment bank Bear Stearns and government regulators, a state appeals court ruled on Tuesday. Reversing a trial court, the appeals court threw out a lawsuit against …

Most of $19.9B JP Morgan/Madoff Case Tossed

A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff’s fraud. The decision by …