Trump sues JPMorgan Chase, Jamie Dimon for $5B, alleging "political" debanking
JPMorgan Chase says President Trump's lawsuit "has no merit."
Watch CBS News
JPMorgan Chase says President Trump's lawsuit "has no merit."
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.
The company says the building will have net-zero operational emissions.
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.
Overhead wire problems at the Portal Bridge forced the suspension of NJ Transit service in both directions between Newark Penn Station and New York's City's Penn Station Friday morning.
Two towing companies were forced to pay back thousands after City Hall said they overcharged New Yorkers last year, so how are they still able to tow cars on behalf of the city?
Alexis Lafreniere had a goal and an assist to lead the New York Rangers to a 6-3 victory over the Winnipeg Jets on Thursday night.
The Hawks extended the NBA's longest current winning streak to eight games, beating the Nets 108-97 on Thursday night.
Mikael Backlund recorded his 600th career NHL point with a third-period goal in the Flames' 5-4 win over the Devils on Thursday night.
Overhead wire problems at the Portal Bridge forced the suspension of NJ Transit service in both directions between Newark Penn Station and New York's City's Penn Station Friday morning.
Two towing companies were forced to pay back thousands after City Hall said they overcharged New Yorkers last year, so how are they still able to tow cars on behalf of the city?
The NYC DEP has announced plans to clean Flushing Creek with chlorine, sparking outrage among some environmentalists.
Tens of thousands of dollars worth of walnuts were stolen in the Bronx earlier this month, New York State Police say.
New Yorkers lost about $6.5 billion to fraud schemes in 2025, according to a new report from the Consumer Federation of America.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
Periods of rain will move through the New York area Thursday, but spring temperatures are on the way for the weekend.
Snow and rain will make for messy morning and evening commutes for New Yorkers on Tuesday. It's a First Alert Weather Day.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Overhead wire problems at the Portal Bridge forced the suspension of NJ Transit service in both directions between Newark Penn Station and New York's City's Penn Station Friday morning.
A New Jersey toddler's death after falling more than 20 stories has prompted new legislation designed to ensure windows are properly guarded in apartment buildings across the state.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
Gov. Mikie Sherrill hosted a ceremonial first train ride across the Portal North Bridge, designed to replace the trouble-plagued, 116-year-old Portal Bridge that long caused delays for commuters.
Two of New Jersey's biggest cities, Jersey City and Newark, are joining a push to bring FIFA World Cup celebrations to local streets.
Jones Beach will host a series of special events commemorating America's 250th birthday this summer.
A Long Island woman is reuniting with the NYU Langone medical team that helped deliver her baby after she suffered from kidney failure.
A chilling cold case that goes back 52 years has been solved on Long Island, police say. DNA technology linked a former Oceanside sanitation worker to Barbara Waldman's 1974 murder.
Warmer weather has melted our frozen waterways, but that's giving rise to unusual hazards. The unusually cold winter uprooted docks, and sent debris into the bays and the Long Island Sound.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
A New Jersey toddler's death after falling more than 20 stories has prompted new legislation designed to ensure windows are properly guarded in apartment buildings across the state.
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
Gov. Mikie Sherrill hosted a ceremonial first train ride across the Portal North Bridge, designed to replace the trouble-plagued, 116-year-old Portal Bridge that long caused delays for commuters.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
A new study shows toxic forever chemicals known as PFAS may be entering the food chain on Long Island through contaminated soil, water and air.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Failed contract agreements between Mount Sinai and Anthem have caused thousands of New York patients to lose in-network care.
Legendary New York City television news anchor Ernie Anastos has died. His wife says he died early Thursday morning of pneumonia.
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Actress Daryl Hannah explains why the depiction of herself in the FX miniseries "Love Story" is unacceptable in an op-ed in Friday's New York Times.
Justin Timberlake is suing Sag Harbor to prevent the release of bodycam video of his 2024 arrest for driving while intoxicated on Long Island.
Alexis Lafreniere had a goal and an assist to lead the New York Rangers to a 6-3 victory over the Winnipeg Jets on Thursday night.
The Hawks extended the NBA's longest current winning streak to eight games, beating the Nets 108-97 on Thursday night.
Mikael Backlund recorded his 600th career NHL point with a third-period goal in the Flames' 5-4 win over the Devils on Thursday night.
Zuby Ejiofor had 21 points as No. 13 St. John's opened the defense of last year's Big East Tournament title with an 85-72 win over Providence in the quarterfinals Thursday.
The New York Knicks rallied to beat the Utah Jazz 134-117 on Wednesday night to snap a two-game losing streak.
The NYC DEP has announced plans to clean Flushing Creek with chlorine, sparking outrage among some environmentalists.
Neighbors and local businesses in Long Island City, Queens, say rental trucks parked on streets are impacting daily operations.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
Manhattan historians recently discovered a link to the Underground Railroad at the Merchant's House Museum.
The National Dance Institute in Harlem hosts a special camp twice a year to bring together dancers with and without special needs for a dance camp, proving anyone can take center stage.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Overhead wire problems at the Portal Bridge forced the suspension of NJ Transit service in both directions between Newark Penn Station and New York's City's Penn Station Friday morning.
CBS News New York's Lonnie Quinn has your First Alert Forecast for March 12 at 11 p.m.
A synagogue attack in Michigan came on the same day Jews gathered in Brooklyn to remember one of the worst antisemitic attacks in New York City history. It's been 32 years since teenager Ari Halberstam was murdered by a terrorist who opened fire on a van of Jewish students on the Brooklyn Bridge. CBS News New York's Lisa Rozner spoke with his mother.
A New York court has cleared the way for the city's foie gras ban to go into effect. The City Council passed the law in 2019, but legal challenges left it in limbo for years.
Two towing companies were forced to pay back thousands of dollars after City Hall said they overcharged New Yorkers last year, so how are they still able to tow cars on behalf of the city? CBS News New York investigative reporter Tim McNicholas finds out.
