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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."
Luis Severino and three relievers combined on a four-hitter as the New York Mets beat the Miami Marlins 1-0.
It was the pair's first event together since they became the GOP's nominees at the Republican National Convention in Milwaukee.
Taj Bradley pitched one-hit ball over seven innings to remain unbeaten in seven straight starts, Randy Arozarena hit two of Tampa Bay's four home runs and the Rays routed the New York Yankees 9-1 on Saturday.
Saturday night, a few showers are possible.
NYPD took a 24-year-old man into custody after he allegedly stabbed and killed two women and two young children in their Brooklyn apartment.
Saturday night, a few showers are possible.
NYPD took a 24-year-old man into custody after he allegedly stabbed and killed two women and two young children in their Brooklyn apartment.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
NJ Transit says regular weekend schedules will be in effect beginning Saturday, and regular weekday service will resume Monday.
Saturday night, a few showers are possible.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Saturday night, a few showers are possible.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
NJ Transit says regular weekend schedules will be in effect beginning Saturday, and regular weekday service will resume Monday.
Hundreds of flights were canceled or delayed at NYC and New Jersey airports after a CrowdStrike update caused a global Microsoft outage.
Despite many calls to resign, convicted Sen. Bob Menendez says he's staying put.
Saturday night, a few showers are possible.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
According to prosecutors, the alleged drunk driver who crashed into a Long Island nail salon in June, killing four people, had a blood alcohol level that was more than twice the legal limit.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
It was the pair's first event together since they became the GOP's nominees at the Republican National Convention in Milwaukee.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
More than two dozen House Democrats and four senators have now called on President Biden to end his reelection bid.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
"I am not supposed to be here tonight," former President Donald Trump said. "I stand before you in this arena only by the grace of almighty God."
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
Prosecutors have been preparing to retry the disgraced movie mogul since the New York Court of Appeals overturned his 2020 rape conviction.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
Luis Severino and three relievers combined on a four-hitter as the New York Mets beat the Miami Marlins 1-0.
Taj Bradley pitched one-hit ball over seven innings to remain unbeaten in seven straight starts, Randy Arozarena hit two of Tampa Bay's four home runs and the Rays routed the New York Yankees 9-1 on Saturday.
Gerrit Cole struck out eight in six strong innings, Juan Soto went 4 for 4 and the New York Yankees beat the Tampa Bay Rays 6-1.
Jake Burger homered and doubled to help the Miami Marlins beat the New York Mets 6-4 on Friday night.
Hall of Fame linebacker Lawrence Taylor has been charged in Florida with failing to update his address on the state's sex offender registry.
The situation for a NYCHA tenant has gone from bad to worse after ankle-deep water inundated her Brooklyn apartment during a storm.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
A legal battle is brewing between some New York City tenants and Mayor Eric Adams over rental assistance laws.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
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."
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.
CBS New York's Vanessa Murdock has your weather forecast for July 20 at 6 p.m.
A 1-year-old dog that was abused has recovered, and somebody is already lined up to adopt him. Police said the puppy's owner threw him off a ledge at Highbridge Park in Washington Heights back in May.
A listeria outbreak linked to deli meats has been reported in a dozen states, including New York and New Jersey. Read more: https://cbsloc.al/3LvlEt1
Much of the country slowly got back to normal Saturday following Friday's massive tech glitch, but the ripple effect is still being felt. Cristian Benavidez reports for CBS New York.
NYCHA residents rallied across all five boroughs Saturday, calling for improved living conditions. CBS New York's Alecia Reid reports.