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.
A shooting near a library in Freehold, New Jersey, is under investigation.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
Advocates and lawmakers are trying to close what they call a loophole in New York's laws against stalking and harassment, which they say do not keep up with the digital age.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
Advocates and lawmakers are trying to close what they call a loophole in New York's laws against stalking and harassment, which they say do not keep up with the digital age.
A car theft ring that victimized more than 250 people in the Bronx, Manhattan, Brooklyn and Queens has been broken up, the NYPD said Thursday.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
New York City's balmy weather proved to be record-breaking for the date of April 15.
A shooting near a library in Freehold, New Jersey, is under investigation.
Gov. Mikie Sherrill marked her 100th day in office by highlighting property tax relief and her affordability focus, but Republicans say New Jersey is more expensive.
The DOJ is suing New Jersey and Gov. Mikie Sherrill over recent legislation limiting the power of ICE agents in the Garden State.
Keyport residents say they're on edge because of dozens of cancer cases over the years in a neighborhood near the former Aeromarine landfill.
Purdue Pharma, the maker of OxyContin, is set to be dissolved as a massive legal settlement resolving thousands of lawsuits takes effect.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
The Suffolk County Police Department has converted a seized 2020 Corvette Stingray Coupe into a full-fledged police car, with lights and siren, to raise awareness about driving while under the influence.
Residents said anti-Muslim vandalism was found on at least eight stop signs in the area of Carto Circle in Deer Park.
Rumblings of a possible LIRR strike are putting commuters on edge. The MTA says it's preparing for a potential walkout, while union leaders say they're fighting for a fair deal.
Delays are still lingering after a Long Island Rail Road train hit debris Wednesday morning in one of the East River tunnels.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
Advocates and lawmakers are trying to close what they call a loophole in New York's laws against stalking and harassment, which they say do not keep up with the digital age.
Gov. Mikie Sherrill marked her 100th day in office by highlighting property tax relief and her affordability focus, but Republicans say New Jersey is more expensive.
New York City Comptroller Mark Levine is giving a thumbs up to Gov. Kathy Hochul and Mayor Zohran Mamdani's proposed pied-à-terre tax. His approval, however, comes with several caveats.
Applications for the Little Apple program open Thursday. It will provide full-day care for 40 children ranging from 6 weeks to 3 years old.
Keyport residents say they're on edge because of dozens of cancer cases over the years in a neighborhood near the former Aeromarine landfill.
The B.R.O. Experience Foundation uses cognitive behavioral therapy, mentorship and creative expression to support men of color navigating identity.
Travelers at Newark Airport may have been exposed to an individual with measles, New Jersey health officials warn.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
"The Ed Sullivan Show" on CBS brought the evolution of rock music into America's living rooms. More than 50 years after Sullivan died, he's getting the ultimate rock 'n' roll honor.
Megan Thee Stallion has decided to end her run with "Moulin Rouge! The Musical" early, the Broadway show announced on Monday.
The woman accusing Harvey Weinstein of raping her at a Manhattan hotel room in 2013 took the stand Monday in the third trial of the disgraced movie mogul.
Ticketmaster will be rereleasing tickets for Harry Styles' upcoming concerts in New York City that were originally purchased by scalpers, the company says.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
The Nationals beat the Mets 5-4 Thursday, dealing reeling New York its 17th loss in 20 games.
The Washington Nationals routed the reeling New York Mets 14-2 on a rainy Wednesday night at Citi Field.
Nathan Eovaldi delivered seven scoreless innings as the Rangers blanked the Yankees 3-0, snapping New York's hot streak and avoiding a sweep in Arlington.
The New York Knicks routed the Atlanta Hawks 126-97 on Tuesday night for a 3-2 lead in the first-round playoff series.
In New York City, where land is at a premium, a stockpile of pristine soil unearthed at construction sites helps lower emissions and support urban farmers.
Have you ever wondered what happens to a restaurant's leftover or unsold food at the end of the day? Food access advocates say it could make a big difference if it were served to the community.
A new report finds a shortage of courts, fields and swimming pools in some New York City neighborhoods.
Residents living near New York City's busiest airports say the noise overhead has escalated from a nuisance to a health concern.
Construction began Tuesday on a major redesign of Flatbush Avenue in Brooklyn.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
With the Knicks up 3-2 in the series against the Hawks, State Farm Arena might feel like Madison Square Garden during Game 6. CBS News New York's Otis Livingston reports.
One of New York City's most unique sustainability systems is hidden in Brooklyn. CBS News New York's Hannah Kliger reports.
The kids at the Jamaica YMCA got the surprise of a lifetime. CBS News New York's John Dias reports.
The Suffolk County Police Department is turning crime into a lesson.
CBS News New York's Lonnie Quinn has your First Alert Forecast for April 30 at 6:15 p.m.
