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.
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 remains of a World War II airman killed in 1944 are finally coming home after they were found at a cemetery in France.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
A judge granted a one week delay in the corruption trial of New Jersey Sen. Bob Menendez Friday, but the senator was not physically in court. He joined the proceedings by phone.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
Brooklyn Charter School in Bed-Stuy is trying to help parents with the cost of child care by expanding the school day to 12 hours.
Would you spend $18.50 on an escargot bagel? New York City's viral baking sensations Dominique Ansel Bakery and Popup Bagels are teaming up to bring you one in SoHo.
The remains of a World War II airman killed in 1944 are finally coming home after they were found at a cemetery in France.
We'll see some sun and then showers later in the day, and it will be a touch milder with highs in the 50s.
Some lingering rain and light drizzle remains Thursday, and temperatures will be about 10 degrees cooler, feeling like the 40s.
Today will be at least 10 degrees cooler than yesterday, with a little rain developing in the afternoon.
We're in for another sunny and pleasantly warm afternoon, but not as warm as yesterday. Highs will be in the low 70s.
A judge granted a one week delay in the corruption trial of New Jersey Sen. Bob Menendez Friday, but the senator was not physically in court. He joined the proceedings by phone.
We'll see some sun and then showers later in the day, and it will be a touch milder with highs in the 50s.
One public library in New Jersey is offering free gently used wedding dresses for brides-to-be. The selection is getting bigger by the day, thanks to donations coming in.
The conservative Christian group has controlled Ocean Grove's beaches for more than 150 years.
Some lingering rain and light drizzle remains Thursday, and temperatures will be about 10 degrees cooler, feeling like the 40s.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
The Nassau Community College campus in Uniondale is suddenly without any cafeteria, cafe or snack bar, leaving vending machines as the only option for 12,000 students.
A young Long Island boy is the first in New York state to undergo a new gene therapy for a rare blood disease.
Over 250 pizzerias across Long Island are raising money Wednesday for three police charities and the family of fallen NYPD Det. Jonathan Diller.
Suspected Gilgo Beach serial killer Rex Heuermann is appeared in court in Suffolk County, Long Island.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
A judge granted a one week delay in the corruption trial of New Jersey Sen. Bob Menendez Friday, but the senator was not physically in court. He joined the proceedings by phone.
A person self-immolated at a park across from the courthouse where former President Donald Trump's New York criminal trial is taking place.
The jury selection process in former President Donald Trump's New York trial came to a close on Friday, part of a flurry of activity that marked the end of a dizzying first week.
Two U.S. officials tell CBS News an Israeli missile has hit Iran in apparent retaliation for the recent drone and missile attack on the Jewish state.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
Montefiore in the Bronx screened 200,000 people for social detriments of health, and found at least 20% have at least one social need.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
19 people have been stricken — including nine who have been hospitalized — after getting fake or mishandled injections in homes and spas, feds warn.
Anticipation was growing at a fever pitch before Taylor Swift's latest album, "The Tortured Poets Department," dropped at midnight EDT. But it turned out it's actually a double album.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
In the 1,000th episode, titled "A Thousand Yards," NCIS comes under attack by a mysterious enemy from the past.
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."
The coming-of-age story is a favorite for generations of middle and high school students, and they're returning to it on Broadway.
The New York Mets revealed their long-awaited City Connect uniform after cryptic teases and rumored leaks on social media.
Simon Holmstrom scored the go-ahead goal in the third period, Ilya Sorokin stopped Sidney Crosby on a late penalty shot and the playoff-bound New York Islanders edged the Pittsburgh Penguins 5-4.
Aaron Judge broke a 4-all tie with a two-run single in the ninth inning, Juan Soto and Giancarlo Stanton hit solo home runs and the New York Yankees rallied to beat the Toronto Blue Jays 6-4 to avoid their first sweep of the season.
Starling Marte hit his 150th career homer, powering the New York Mets to a 9-1 win over the Pittsburgh Pirates and a sweep of a three-game series.
The No. 1 pick in this year's WNBA draft is "going to raise all boats" for players in the league, one expert said.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
Brooklyn Charter School in Bed-Stuy is trying to help parents with the cost of child care by expanding the school day to 12 hours.
Residents in Southern Brooklyn are concerned over MTA's proposed changes as part of the Brooklyn Bus Network Redesign.
Buzunesh Deba, who lives in the Bronx, became the default winner of the 2014 Boston Marathon in 2016 when the first-place winner was disqualified for doping, but she says she has not yet received her prize money.
While many are excited about the idea of a state-of-the art skate park in Brooklyn, one of the largest on the East Coast, others oppose the location chosen.
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 crane went up in flames high above Manhattan, then partially collapsed onto the street below.
The great John Sterling has retired as the radio voice of the Yankees after 36 years. Fans turned the tables on the 12-time Emmy winner and shared some of their favorite Sterling calls.
Three years after the Major League debut of the City Connect jerseys, the Mets finally got to show off theirs.
New York City says it's committing more than $500 million to educational programs for public school students. Mayor Eric Adams says the programs were previously paid for by temporary stimulus dollars from the federal government.
Buffalo Bills star Damar Hamlin was in New York City on Friday to take part in an event that recognizes people who have come back from serious heart issues.
A COVID-era policy that allows New York restaurants and bar owners to sell alcoholic beverages in to-go cups has been extended for five years. It also allows liquor to be delivered for off-premises consumption.