Exclusive: U.S. regulator to fault JPMorgan over Madoff accounts
U.S. regulators plan to fault JPMorgan Chase & Co, which served as Bernie Madoff's main bank for two decades, for failing to conduct adequate due diligence and report suspicious activity, according to a person familiar with the matter.
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Reuters
JPMorgan hit with new investor lawsuit over "Whale" losses
NEW YORK - A Missouri pension fund has sued JPMorgan Chase & Co executives and board members over $6.2 billion in trading losses that were revealed last year, citing a recent U.S. Senate report that criticized the bank's management for failing to catch the bad trades.
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Reuters
JPMorgan investors urge split of chairman, CEO roles in letter
NEW YORK - JPMorgan Chase & Co should split the roles of chairman and chief executive officer to restore credibility with regulators and manage the bank more effectively, a group of investors said in a letter to other shareholders on Monday.
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Analysis: JPMorgan's lukewarm results put Dimon under more pressure
NEW YORK - JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure.
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Reuters
Weak Demand for Loans Hits Banks
J.P. Morgan Chase and Wells Fargo reported higher first-quarter profits, but mortgage business and profit margins on lending declined, underscoring lackluster demand for new loans.
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