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."
A National Grid crew struck a water line in Ozone Park, Queens, making a total mess of the street, the DEP says.
Brooklyn rapper Tekashi 6ix9ine is one step closer to being released from jail after making a deal with federal prosecutors.
Influencer Matthew Choi has been banned from the New York City Marathon after running the 2024 race with a camera crew in tow.
Cory Martin watched crime shows, including "Dexter" and "The First 48," for tips on how to get away with the killing, prosecutors said.
The Atlanta Hawks rallied late to beat the New York Knicks on Wednesday night.
A National Grid crew struck a water line in Ozone Park, Queens, making a total mess of the street, the DEP says.
Brooklyn rapper Tekashi 6ix9ine is one step closer to being released from jail after making a deal with federal prosecutors.
Influencer Matthew Choi has been banned from the New York City Marathon after running the 2024 race with a camera crew in tow.
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A military judge has ruled that plea agreements struck by alleged Sept. 11 mastermind Khalid Sheikh Mohammed and two co-defendants are valid, a government official said Wednesday.
A Bronx resident says illegally parked RVs and abandoned vehicles have been an eyesore in his community for years.
Connecticut election results show Vice President Kamala Harris won the state, and Sen. Chris Murphy was reelected, CBS News projects.
This Election Day is expected to be one of our warmest ever on record for New York City and the surrounding area.
Here's how to find your polling location for Election Day 2024 in New York, New Jersey and Connecticut.
Here's when polls opened and closed Tuesday for Election Day 2024 in New York, New Jersey and Connecticut.
A warming trend starts Monday around the NYC area, with record-breaking temperatures expected later this week.
Two New Jersey Democrats made history on Tuesday, but vote margins in the state are reasons for some concern.
The New Jersey Forest Fire Service says a wildfire is burning near South Stump Tavern Road in Jackson Township.
As part of our #BetterTogether initiative, we are partnering for the third year with the Community Food Bank of New Jersey to help feed families this holiday season.
New Jersey election results show Vice President Kamala Harris won the state, and Rep. Andy Kim won former Sen. Bob Menendez's seat, CBS News projects.
Tom Kean Jr. won his reelection bid against challenger Sue Altman in New Jersey's 7th congressional district, CBS News projects.
New York State Police say they are now conducting two investigations into Long Island State Trooper Thomas Mascia, who claimed he was shot in the leg while on the job last week.
New York Sen. Kirsten Gillibrand has won her bid for reelection against Republican challenger Mike Sapraicone, CBS News projects.
Democrat Laura Gillen has declared victory over Anthony D'Esposito in New York's 4th Congressional District. CBS News has not projected a winner.
Rep. Nick LaLota has fended off challenger John Avlon in New York's Congressional District 1 race, CBS News projects.
The FBI's New York division and New York law enforcement say they're prioritizing election security ahead of Election Day.
A Republican hold on the lower Hudson Valley may help the retain control of the House of Representatives.
Two New Jersey Democrats made history on Tuesday, but vote margins in the state are reasons for some concern.
With Donald Trump projected the winner of the 2024 presidential election, N.Y. Attorney General Letitia James and other leaders are reacting.
Donald Trump has won a second term in the White House after surpassing the 270 electoral votes needed for victory, CBS News projected Wednesday morning.
Prop 1 wasn't the only measure New York City voters had to tackle. They approved a number of others that were backed by Mayor Eric Adams.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Brooklyn rapper Tekashi 6ix9ine is one step closer to being released from jail after making a deal with federal prosecutors.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
Rapper Tekashi 6ix9ine has been arrested in New York City for alleged violations of the conditions of supervised release that were set when he was sentenced several years ago to two years in prison in a racketeering case.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
Timothée Chalamet surprised the crowd at his own look-alike contest at Washington Square Park in Manhattan.
The Atlanta Hawks rallied late to beat the New York Knicks on Wednesday night.
Bo Horvat scored the only goal in a shootout and the New York Islanders rallied past the Pittsburgh Penguins on Tuesday night.
The Steelers have traded for a wide receiver from the Jets and an edge rusher from the Packers before the NFL's trade deadline.
Jake Allen made 31 saves, helping the Devils close their road trip with a 3-0 victory over the Oilers on Monday.
Alperen Sengun had 25 points and 14 rebounds, and the Houston Rockets held on for a 109-97 win over the New York Knicks on Monday night.
A Bronx resident says illegally parked RVs and abandoned vehicles have been an eyesore in his community for years.
PowerUP is a business competition started by the Brooklyn Public Library following economic turmoil in the wake of 9/11.
Harlem School of the Arts students designed and painted four new murals for Wollman Rink.
In the Queens neighborhood known as Little Guyana, preparations are underway for the community's annual Diwali festival.
The Bergen Beach home on East 72nd Street and Avenue K has become a neighborhood attraction.
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."
Chopper 2 was over the scene as dirty liquid shot up from the ground Thursday morning.
The Brooklyn rapper made a deal with federal prosecutors requiring him to serve one month in jail, followed by three months of home detention with a curfew and electric monitoring.
Influencer Matthew Choi has been banned from the New York City Marathon after running the 2024 race with a camera crew in tow.
Former President Donald Trump will begin his second term in 75 days, and a transition team is now in place. Meanwhile, some face uncertainty about what that will mean for hot button issues like abortion access and immigration. CBS News New York's Elijah Westbrook and Christina Fan have team coverage.
CBS News New York's Tony Sadiku has the latest weather forecast.
