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."
The Jones Road Wildfire in Ocean County, N.J. is expected to burn for days, prompting air quality concerns from South Jersey to NYC.
A man who shot and killed an 11-year-old girl in the Bronx back in 2022 was sentenced to 10 years to life in prison Wednesday.
The Mets beat the Phillies 4-3 on Wednesday to complete a three-game sweep that extended their winning streak to seven.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
New York City Mayor Eric Adams announced a $5.5 million investment to expand free swimming lessons to children in the city.
The Jones Road Wildfire in Ocean County, N.J. is expected to burn for days, prompting air quality concerns from South Jersey to NYC.
A man who shot and killed an 11-year-old girl in the Bronx back in 2022 was sentenced to 10 years to life in prison Wednesday.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
New York City Mayor Eric Adams announced a $5.5 million investment to expand free swimming lessons to children in the city.
A powerful new campaign from a Brooklyn organization pairs music with memory, honoring Holocaust survivors this Yom HaShoah.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
The stock market's wild ride is having an impact on families who use a 529 college savings account, a tax-free way for parents to save for educational expenses.
The man who said his stepmother held him captive for two decades has released his first public statement.
Wind gusts between 30-45 mph will persist into Wednesday across the Tri-State Area
The UConn women's basketball team celebrated its NCAA championship with a victory parade Sunday in downtown Hartford.
The Jones Road Wildfire in Ocean County, N.J. is expected to burn for days, prompting air quality concerns from South Jersey to NYC.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
The Jones Road Wildfire in Ocean County, New Jersey, forced thousands to evacuate their homes, but the evacuation orders were lifted Wednesday morning.
Jet Set owner Antonio Espaillat spoke out in an exclusive interview on "El Dia," a program on Telesistema Dominicano with host Edith Febles, about the deadly April 8 accident that killed 232 people.
Most of the residents who were forced to evacuate due to the Jones Road Wildfire in Ocean County, New Jersey, were allowed to return home on Wednesday.
The developer who planned to turn Long Island's Nassau Coliseum site into a casino has pulled the plug on the project.
Police on Long Island have released the identities of a mother and child whose remains were found near Gilgo Beach nearly three decades ago.
President Trump says a Long Island high school should be allowed to keep their Native American mascot, going against a statewide ban that went into effect in 2023.
Disgraced former Rep. George Santos sent a lengthy letter to the judge set to sentence him on Friday as prosecutors seek a seven year sentence.
Simple words and gentle gestures -- that is how Long Islanders remember Pope Francis, a pontiff they loved and respected.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
Mohsen Mahdawi — a Columbia student who was detained at a U.S. citizenship interview last week — must remain in Vermont for at least 90 days while his legal team pushes for his release.
Treasury Secretary Scott Bessent on Wednesday said he believes the Trump administration could strike a deal with China.
Democratic members of Congress demanded their immediate release.
Congressman James Comer, the chairman of the House Oversight Committee, is once again asking the Department of Justice to prosecute former New York Gov. Andrew Cuomo.
Doctors in New York City were able to save the lives of three children with one heart transplant. Here's how.
A grieving family in Queens wants answers after a young woman died two weeks after giving birth to twins. They believe it was due to complications with her C-section, but say the hospital is not giving them any answers.
A Long Island woman accused of forging vaccination records of students did not appear in court for her arraignment.
Is fluoride actually good or bad for you? Dr. Mallika Marshall answers common questions about fluoride.
Travelers who stopped at a New Jersey Turnpike service area in Middlesex County earlier this month may have been exposed to measles, state health officials say.
Harvey Weinstein's retrial started with opening statements in NYC, five years after the original was a catalyst in the #MeToo movement.
Opening statements are set for Wednesday in former movie mogul Harvey Weinstein's rape retrial.
The world famous Radio City Rockettes are holding auditions in New York City Tuesday.
Sean "Diddy" Combs was back in court Friday as a judge denies to delay his sex trafficking and racketeering trial by two months.
The Frick Collection, housed in a luxurious Gilded Age mansion on Fifth Avenue, reopened after the museum's five-year renovation.
The Mets beat the Phillies 4-3 on Wednesday to complete a three-game sweep that extended their winning streak to seven.
The New York Yankees beat the Cleveland Guardians 5-1 on Wednesday to avoid a series sweep.
The Mets defeated the Phillies 5-1 on Tuesday night for their second six-game winning streak already this season.
Tanner Bibee recovered from giving up a home run on his first pitch to work six innings, leading the Guardians to a win over the Yankees.
The Carolina Hurricanes beat the New Jersey Devils 3-1 on Tuesday for a 2-0 lead in their first-round playoff series.
New York City Mayor Eric Adams announced a $5.5 million investment to expand free swimming lessons to children in the city.
A powerful new campaign from a Brooklyn organization pairs music with memory, honoring Holocaust survivors this Yom HaShoah.
Preston High School in the Bronx will remain open for years to come, Attorney General Letitia James announced Tuesday.
NYCHA is transitioning its doors to electronic key fobs, but tenants at Queensbridge South tell us they don't work.
A computer training school in the Mott Haven section of the Bronx is looking for applicants for a coding fellowship.
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."
The fire in South Jersey has scorched more than 13,000 acres, and officials say it could be the largest the state has seen in two decades. CBS News New York's Christina Fan has the latest.
The Harlem community says the woman was killed when she stepped outside to check on her grandson. CBS News New York's Elijah Westbrook reports.
CBS News New York's Tony Sadiku has the latest weather forecast.
CBS News New York's Rob Marciano has your First Alert Forecast for April 23 at 11 p.m.
St. Peter's Basilica in Rome did not close at midnight as scheduled, so even in the early morning hours Thursday, people were there to pay respects to Pope Francis. CBS News New York's Tony Aiello reports.
