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.
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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."
There is fear and frustration in Washington Heights after reports of a man stalking, harassing and even attacking women, seemingly at random.
New York City plans to sue the Trump administration over its decision to seize more than $80 million in FEMA funds awarded to the city to house migrants.
The 27th Chinatown Lunar New Year Parade and Festival will be held tomorrow in Lower Manhattan.
A teenager has been arrested in connection to a deadly stabbing in Sunnyside, Queens.
A winter storm could bring moderate snowfall and significant icing to the Tri-State Area this weekend.
There is fear and frustration in Washington Heights after reports of a man stalking, harassing and even attacking women, seemingly at random.
New York City plans to sue the Trump administration over its decision to seize more than $80 million in FEMA funds awarded to the city to house migrants.
The 27th Chinatown Lunar New Year Parade and Festival will be held tomorrow in Lower Manhattan.
A teenager has been arrested in connection to a deadly stabbing in Sunnyside, Queens.
A winter storm could bring moderate snowfall and significant icing to the Tri-State Area this weekend.
A winter storm could bring moderate snowfall and significant icing to the Tri-State Area this weekend.
More than a dozen states, including New York, New Jersey and Connecticut, are challenging DOGE and the Trump administration's authority.
We're in for an active and stormy weekend, but the First Alert Weather Team has you covered.
The NYC area saw another wintry mix of snow and rain overnight, setting up for a slippery Thursday morning commute.
The second of multiple snow storms to the NYC area is expected to turn into rain for most after midnight.
A winter storm could bring moderate snowfall and significant icing to the Tri-State Area this weekend.
Two drivers in New Jersey say they were injured by ice sheets that flew off trucks and smashed their windshields.
Hair loss can be traumatic and, unfortunately, extremely common. But a New Jersey doctor says he has a new treatment.
More than a dozen states, including New York, New Jersey and Connecticut, are challenging DOGE and the Trump administration's authority.
We're in for an active and stormy weekend, but the First Alert Weather Team has you covered.
A winter storm could bring moderate snowfall and significant icing to the Tri-State Area this weekend.
We're in for an active and stormy weekend, but the First Alert Weather Team has you covered.
It is nearly impossible to tell the difference between real New York state license plates and a proliferation of vanity plates being sold online.
Suffolk County is getting $150 million for the infrastructure to connect the Ronkonkoma train station with the proposed North Terminal at Long Island MacArthur Airport.
The second of multiple snow storms to the NYC area is expected to turn into rain for most after midnight.
New York City plans to sue the Trump administration over its decision to seize more than $80 million in FEMA funds awarded to the city to house migrants.
More than a dozen states, including New York, New Jersey and Connecticut, are challenging DOGE and the Trump administration's authority.
The Justice Department's motion to drop charges against Mayor Adams ends a days-long public over the decision to abandon the case.
Adams is at the center of a controversy over a directive by the Justice Department to drop corruption charges against him.
New York City Mayor Eric Adams said allegations of a quid pro quo to help ICE in exchange for the DOJ dropping charges against him are "silly."
Hair loss can be traumatic and, unfortunately, extremely common. But a New Jersey doctor says he has a new treatment.
Health experts say popular weight-loss drugs like Ozempic and Wegovy are safe, but the FDA warns counterfeits are becoming more widespread.
Recalled products involved a mix of Bavarian doughnuts, French crullers, éclairs and coffee rolls, according to FDA.
A bird flu-related shutdown of all live poultry markets in New York City, Westchester County and Long Island starts today.
The CDC says respiratory illness is now "very high" nationwide.
Paul McCartney returned to New York City's Bowery Ballroom on Wednesday night one day after performing a sold-out surprise concert.
A federal appeals court has upheld singer R. Kelly's racketeering convictions and a 30-year prison sentence, finding he exploited his fame for over a quarter century to sexually abuse girls and young women.
The Rock & Roll Hall of Fame on Wednesday unveiled their 2025 nominees for induction, which include Chubby Checker, OutKast and Mariah Carey.
Among the Westminster Dog Show finalists were a bichon frisé, a shih tzu, a whippet, a German shepherd, an English springer spaniel, a giant schnauzer and a Skye terrier.
Former Beatle and music legend Paul McCartney took the stage at New York City's Bowery Ballroom for a surprise show Tuesday evening.
The New York Jets announced Thursday they told quarterback Aaron Rodgers they are moving on without him next season.
The Knicks outlasted the Hawks on Wednesday night in a thrilling final game before the All-Star break for both teams.
The Brooklyn Nets beat the Philadelphia 76ers on Wednesday night in the teams' last game before the All-Star break.
Tyler Perkins hit a go-ahead 3-pointer with 8 seconds remaining and Villanova defeated No. 9 St. John's 73-71, ending the Red Storm's 10-game winning streak.
The New York Knicks beat the Indiana Pacers on Tuesday night.
On Friday, Michele Fitzsimmons became the FDNY's first female deputy chief.
An arts nonprofit says it's worried about the future if a controversial plan to build a casino in Coney Island moves forward.
Some bodegas in the Bronx are now selling eggs in threes as customers struggle with the soaring cost of an entire carton.
A look at the lives of Dr. Susan Smith McKinney Steward, the first Black female doctor in New York, and her sister Sarah J. S. Tompkins Garnet, the first Black female principal in NYC.
Parents in Williamsburg, Brooklyn are pleading with the city to reroute a part of a protected bike lane from Flushing to DeKalb Avenue, saying it's putting children in danger.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
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."
CBS News New York's Craig Allen has your First Alert Forecast for February 15 at 11 p.m.
The idea that Francisco Lindor could be the Mets' next captain has been floated. The team hasn't had a captain since David Wright. CBS News New York's Otis Livingston has more.
The red carpet was out Saturday for the Writers Guild of America Awards in New York City. This year, CBS News New York's Kathy McGee was presented the Richard B. Jablow Award for devoted service to the guild.
There's fear and frustration in Washington Heights after reports of men stalking, harassing and even attacking women, all seemingly at random. Now, the community is coming together, asking neighbors to be on alert. CBS News New York's Derick Waller reports.
The NYPD is looking for the man suspected of stealing from a Brooklyn church last Sunday.
