JPMorgan Chase & Co. News

Charlie Javice Fails to Get JPMorgan to Pay for Her Suit Against Firm

JPMorgan Chase & Co. defeated for now a bid by Charlie Javice, who the bank claims defrauded it in a $175 million acquisition, to get it to pay for her countersuit. Delaware Chancery Court Judge Kathaleen St. J. McCormick on …

JPMorgan Wins Appeal Against Insurers Over Bear Stearns Settlement

NEW YORK — New York’s highest court ruled on Tuesday that JPMorgan Chase & Co is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos. over improper mutual …

JPMorgan to Pay $60M to Settle Precious Metals Spoofing Lawsuit

NEW YORK — JPMorgan Chase & Co agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options. The settlement disclosed on Friday stemmed …

Oil Tanker Insurance Costs to Jump After Gulf Attacks

Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their ships paused bookings on Thursday as …

Loose Lips and FX Tips: How Chats Cost Banks $1.2 Billion

Talk may be cheap, but in currency traders’ chatrooms, at least, improper messages can be very expensive for their companies. In instant message groups with names such as “Semi Grumpy Old Men” and “Three Way Banana Split” up to nine …