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."
New York City Council Speaker Adrienne Adams vowed Wednesday to keep maternal health a top priority in the city.
A high-stakes battle over the November ballot is playing out in New York City's northern suburbs. It involves the Working Families Party line in the 17th Congressional District.
The New York Mets reached the National League Championship Series with a victory over the Philadelphia Phillies on Wednesday.
Former President Donald Trump will hold a rally at New York City's Madison Square Garden on Oct. 27.
Preventing gun violence in New York took center stage Wednesday, with former Rep. Gabby Giffords in town for the announcement.
New York City Council Speaker Adrienne Adams vowed Wednesday to keep maternal health a top priority in the city.
A high-stakes battle over the November ballot is playing out in New York City's northern suburbs. It involves the Working Families Party line in the 17th Congressional District.
The New York Mets reached the National League Championship Series with a victory over the Philadelphia Phillies on Wednesday.
Former President Donald Trump will hold a rally at New York City's Madison Square Garden on Oct. 27.
Preventing gun violence in New York took center stage Wednesday, with former Rep. Gabby Giffords in town for the announcement.
Hurricane Milton had made landfall in Florida, and many across the Tri-State Area are wondering how to help.
A software glitch is being blamed for a misprinted mailing that could send voters in Stamford, Connecticut to the wrong polling site.
A chance of showers returns to the Tri-State Area early this week before spectacular weather takes over.
The weekend forecast looks perfect for fall fun around New York and New Jersey -- from apple picking, to leaf peeping and more.
Stew Leonard's is recalling dozens of Chocolate Chunk Banana Bread loaves that were sold at its Danbury location in Connecticut.
Aaron Rodgers on Wednesday addressed allegations he was involved in the Jets' firing of head coach Robert Saleh.
A geomagnetic storm is expected to trigger the northern lights, or aurora borealis, around NYC and New Jersey this week.
Hurricane Milton had made landfall in Florida, and many across the Tri-State Area are wondering how to help.
Justin Timberlake suddenly postponed Tuesday's show at the Prudential Center in Newark, citing an injury.
The American Dream mall in East Rutherford was evacuated Tuesday due to a suspicious vehicle. The vehicle was later deemed safe.
Suffolk County officials say new penalties have been proposed for the drivers who take over busy intersections with dangerous stunts.
A school bus company is under fire after a 5-year-old student was left at the wrong bus stop in East Meadow, Long Island.
Videos of illegal car racing meetups on Long Island are prompting calls for tougher penalties.
In New York, at times, a driver can be seriously impaired by a drug, and yet face no consequences.
Long Island homeowners hit by flooding in August have more time to apply for financial assistance, but they might not want to wait.
A high-stakes battle over the November ballot is playing out in New York City's northern suburbs. It involves the Working Families Party line in the 17th Congressional District.
Former President Donald Trump will hold a rally at New York City's Madison Square Garden on Oct. 27.
Preventing gun violence in New York took center stage Wednesday, with former Rep. Gabby Giffords in town for the announcement.
Suffolk County officials say new penalties have been proposed for the drivers who take over busy intersections with dangerous stunts.
FEMA administrator Deanne Criswell said on Wednesday that the agency has a "layered approach" to staffing.
New York City Council Speaker Adrienne Adams vowed Wednesday to keep maternal health a top priority in the city.
Carfentanil, a synthetic opioid 100 times more potent than fentanyl, has been seized on Long Island for the first time.
Brooklyn families are asking for answers after their loved ones died during childbirth at the city-run Woodhull Hospital.
Ten deaths have been linked to now-recalled Boar's Head products.
New York state announced Monday that someone in Ulster County has died from eastern equine encephalitis, or EEE.
Justin Timberlake suddenly postponed Tuesday's show at the Prudential Center in Newark, citing an injury.
Cissy Houston performed alongside superstar musicians like Elvis Presley and Aretha Franklin.
The mother of Sean "Diddy" Combs released a statement Sunday defending her son against the federal charges and multiple allegations of sexual misconduct he is currently facing.
Christopher Ciccone spent most of his life in Madonna's shadow - as her back-up dancer, personal assistant, dresser, decorator, art director and tour director.
The writer famous for fairy-tale rom-coms is making her Broadway debut with "Left on Tenth," a play adapted from her bestselling memoir about a widow pursuing another chance at love, just when she is diagnosed with leukemia.
The New York Mets reached the National League Championship Series with a victory over the Philadelphia Phillies on Wednesday.
Aaron Rodgers on Wednesday addressed allegations he was involved in the Jets' firing of head coach Robert Saleh.
The Mets beat the Phillies on Tuesday in Game 3 of their NL Division Series. Game 4 is Wednesday at Citi Field.
The NY Jets have fired head coach Robert Saleh just five games into the season and after they lost to the Vikings in London.
Salvador Perez sparked a fourth-inning rally with a home run and the Royals beats the Yankees 4-2 in Game 2 of the ALDS on Monday.
People in Red Hook, Brooklyn are renewing a push to bring express bus service to their community.
New York officials announced a multi-million dollar investment in their fight against the opioid crisis in the Bronx.
Tomer Meir, 21, who survived the attack at the Nova Music Festival with his friends, shares his harrowing story.
These Brooklyn students formed a group to try to beat their own addictive behavior around technology.
East Harlem's Sendero Verde is setting a new standard in sustainability for affordable housing.
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A school bus company is under fire after a 5-year-old student was left at the wrong bus stop on Long Island. The little boy was found wandering on a busy street – unhurt but frightened. CBS News New York's Jennifer McLogan spoke with the child's father.
New York City Council Speaker Adrienne Adams vowed Wednesday to keep maternal health a top priority in the city after two women of color died during childbirth at a city hospital over the last year. CBS News New York's Jennifer Bisram reports.
A high-stakes battle over the November ballot is playing out in New York City's northern suburbs, and a judge's decision could help decide which party controls Congress next year. As CBS News New York's Tony Aiello reports, it involves the Working Families Party line in the 17th Congressional District.
Milton is the second hurricane in two weeks impacting the Southeast. CBS News New York meteorologist Vanessa Murdock shares data on how our warming world affects hurricane development and impacts us.
Gov. Kathy Hochul is standing by New York City Mayor Eric Adams as more members of his administration step down.
