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."
Seven people were injured Tuesday when a van crashed into a laundromat on Staten Island.
U.S. Transportation Secretary Sean Duffy is threatening to cut federal funds from New York City's MTA if the agency doesn't address crime in the subway system.
Baylor Scheierman scored a career-high 20 points, Kristaps Porzingas had 25 points and the Boston Celtics beat the Brooklyn Nets 104-96 on Tuesday night.
Nazem Kadri and Matt Coronato scored first-period goals and the Flames beat the Rangers 2-1 on Tuesday night.
Pierre Engvall scored the tiebreaking goal in New York's four-goal third period, and the Islanders rallied to beat the Pittsburgh Penguins 4-2.
Seven people were injured Tuesday when a van crashed into a laundromat on Staten Island.
U.S. Transportation Secretary Sean Duffy is threatening to cut federal funds from New York City's MTA if the agency doesn't address crime in the subway system.
Masih Alinejad, an Iranian dissident who is now a United States citizen, took the stand Tuesday in the trial of the men accused of trying to kill her.
Tensions are sparking in southern Brooklyn as residents learn of lithium-ion battery energy storage systems moving into vacant storefronts and lots along industrial corridors, many just steps from residential homes.
New York City's controversial congestion pricing plan is headed for a federally-set shutdown date Friday.
Stormy weather arrived overnight around the NYC area, bringing heavy rain and high winds.
We have a First Alert Weather Day coming our way, starting Sunday afternoon.
Gusts between 30-40 mph combined with dry fuels and low humidity levels will lead to a continued risk of wildfire development through the rest of the weekend.
A wind advisory is in effect for New York City and the surrounding area Friday due to gusts of up to 50 mph.
From flooding to downed trees, Wednesday's rain wreaked havoc on some parts of the Tri-State Area.
Mercy House, a ministry of the Archdiocese of Newark, hosted a big celebration for mothers-to-be in need. It's the first time it has hosted one.
A New Jersey family says they would be heavily impacted by any proposed cuts to Medicaid.
Traffic was backed up Tuesday morning in Manhattan because of a pair of crashes on the George Washington Bridge and the FDR Drive.
Nadine Menendez, the wife of former U.S. Sen. Bob Menendez, faces a federal corruption trial in New York City.
Tenants in apartments near the I-80 sinkhole in New Jersey say they're spotting cracks around the complex.
Three Long Island fire departments that displayed the Confederate flag have now reached a settlement over alleged discrimination.
It's been four years since an acid attack left a Long Island college student disfigured. Nafiah Ikram was attacked in her Elmont driveway.
As Americans live longer, there's a dire need to create an age-friendly health care system. But right now, there aren't enough doctors specializing in geriatrics to care for older adults.
Television journalist and educator David Diaz, who spent decades covering New York City and the Tri-State Area, died last week at the age of 82.
Stormy weather arrived overnight around the NYC area, bringing heavy rain and high winds.
In his first public statement since being detained by U.S Immigration and Customs Enforcement and sent to Louisiana, Mahmoud Khalil described himself as a "political prisoner."
One professor said this JFK assassination release is "certainly the most useful" of any so far "because of the redactions being removed."
U.S. District Judge Ana Reyes ruled in favor of transgender active-duty service members and transgender people in the process of enlisting.
A New Jersey family says they would be heavily impacted by any proposed cuts to Medicaid.
The chief justice's statement came after President Trump called for a federal judge to be impeached.
A New Jersey family says they would be heavily impacted by any proposed cuts to Medicaid.
As Americans live longer, there's a dire need to create an age-friendly health care system. But right now, there aren't enough doctors specializing in geriatrics to care for older adults.
Saturday marks five years since New York City announced citywide lockdowns due to the coronavirus pandemic.
Two cats in separate New York City households have tested positive for bird flu, the city health department says.
A patient on Long Island is the first in New York to be cured of sickle cell anemia, doctors say.
Tracy Morgan had a health scare and was seen getting sick during the Knicks-Heat game Monday at Madison Square Garden in NYC.
Sean "Diddy" Combs' trial for federal sex trafficking charges will begin a week later than expected, a judge in Manhattan ruled Friday.
Celebrities like Laurence Fishburne, Mark Ruffalo and Matthew Broderick were among those rallying Saturday to keep a 135-year-old church and theater space on the Upper West Side open.
Gene Hackman and Betsy Arakawa were found dead in their home last week in a gated community in Santa Fe, New Mexico.
The FIFA World Cup final will have a halftime show for the first time in history when it comes to New Jersey's MetLife Stadium in 2026.
Baylor Scheierman scored a career-high 20 points, Kristaps Porzingas had 25 points and the Boston Celtics beat the Brooklyn Nets 104-96 on Tuesday night.
Nazem Kadri and Matt Coronato scored first-period goals and the Flames beat the Rangers 2-1 on Tuesday night.
Pierre Engvall scored the tiebreaking goal in New York's four-goal third period, and the Islanders rallied to beat the Pittsburgh Penguins 4-2.
Tracy Morgan had a health scare and was seen getting sick during the Knicks-Heat game Monday at Madison Square Garden in NYC.
Timo Meier and Jesper Bratt scored less than a minute apart in the second period, and the visiting Devils beat the Blue Jackets 2-1 on Monday night.
Tensions are sparking in southern Brooklyn as residents learn of lithium-ion battery energy storage systems moving into vacant storefronts and lots along industrial corridors, many just steps from residential homes.
At Bronx Charter School for the Arts, students aren't the only ones learning a few lessons.
This Woman's History Month, we're remembering the woman who brought the construction of the Brooklyn Bridge across the finish line.
Residents in parts of Queens say neighborhood streets are being treated like a parking lot for trucks, with trash accumulating among commercial vehicles left on the roadside.
Hundreds of members of Borough Park's Orthodox Jewish community rallied side-by-side with neighbors from the Asian-American community Thursday to protest New York City's plans to open a homeless shelter.
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 Rob Marciano has your First Alert Forecast for March 18 at 11 p.m.
The St. John's Red Storm was treated to a heck of a sendoff from the Queens campus Tuesday before they headed to Providence for round one of the NCAA tournament. CBS News New York's Otis Livingston reports.
A heartbroken family gathered for a vigil Tuesday night for a man who was followed and stabbed to death near Barclays Center. CBS News New York's Jenna DeAngelis has his mother's plea for justice.
In his first public statement since his arrest, Columbia graduate and Palestinian activist Mahmoud Khalil is calling himself a political prisoner.
Fighting has resumed between Israel and Hamas, and the new attacks have sparked protests and concern in the Tri-State Area. CBS News New York's Lisa Rozner reports.
