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 Israel Defense Forces recovered the bodies of Shani Louk, Amit Bouskila and Itshak Gelernter in Gaza, Rear Adm. Daniel Hagari said.
Outdoor grilling season is here, and if you're shopping for a new propane grill, we've round up the best options.
The Brooklyn Half marathon takes place Saturday. Over 26,000 runners are expected to participate in the 13.1-mile race.
Snag 55% off the Dewalk 20v Max XR oscillating tool kit with this early Memorial Day deal at Amazon.
A 19-year-old is under arrest in the deadly shooting of Mahki Brown near Broome Street Academy Charter High School in SoHo.
The Brooklyn Half marathon takes place Saturday. Over 26,000 runners are expected to participate in the 13.1-mile race.
A 19-year-old is under arrest in the deadly shooting of Mahki Brown near Broome Street Academy Charter High School in SoHo.
Today's weather looks to be the pick of the week, as skies clear and temperatures climb.
As NYC's congestion pricing start date inches closer, three lawsuits seeking to block the new tolls are being heard in court Friday.
Technology is evolving so rapidly, websites powered by artificial intelligence now allow anyone to clone the voice of a loved one, a friend or a coworker.
Today's weather looks to be the pick of the week, as skies clear and temperatures climb.
Temperatures around New York and New Jersey will rebound nicely Monday, as highs reach the upper 60s and low 70s.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
Sunday night may offer a chance to see the northern lights in suburban areas of New York City after an "extreme" geomagnetic storm reached Earth on Friday.
It will be cool with rain around the area in the morning. Rain and drizzle will linger during the remainder of the day.
Today's weather looks to be the pick of the week, as skies clear and temperatures climb.
As NYC's congestion pricing start date inches closer, three lawsuits seeking to block the new tolls are being heard in court Friday.
A doctor from New Jersey is one of more than a dozen volunteers who are stranded at a hospital in Gaza and calling on the U.S. government to get them home.
The Giants plan to wear their new "Century Red" uniform up to twice during the 2024 season.
New York Jets fans finally know who, when and where Gang Green is playing in the 2024-25 season now that the NFL schedule has been released.
Eight Cricket World Cup matches will be held at Nassau County's International Cricket Stadium in June 2024.
There's an intense debate on whether to arm school security after Farmingdale schools became the latest on Long Island to plan to hire armed guards.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
A New York Supreme Court judge has struck down Nassau County Executive Bruce Blakeman's executive order banning transgender athletes from playing women's and girl's sports at county-owned facilities.
The U.S. Coast Guard is trying to find the source of a mysterious oily sheen reported on the waters of Long Island Sound.
As NYC's congestion pricing start date inches closer, three lawsuits seeking to block the new tolls are being heard in court Friday.
The FBI seized 11 one-ounce gold bars, two one-kilogram gold bars and $486,461 from the New Jersey Democrat's home.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
President Biden and former President Donald Trump agreed Thursday to presidential debates on June 27 and Sept. 3.
Sen. Bob Menendez of New Jersey is accused of trading his influence and power to foreign governments.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
A new report from New Jersey's Department of Health shows lead levels in children are dropping but not gone.
Kyle McMorrow was just 36 years old when he suffered a stroke last year. He woke up with neck pain one day, not realizing what was happening.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
Jim Parsons and Mayim Bialik are reprising their roles from "Big Bang Theory" in part one of the "Young Sheldon" series finale.
Caitlin Clark struggled early in her WNBA debut before finishing with 20 points and 10 turnovers as the Indiana Fever fell to the Connecticut Sun 92-71.
The Paramount+ Movie Nights series will offer dozens of free outdoor movie screenings at New York City parks this summer.
The WNBA tipped off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
Actor Steve Buscemi appeared to be looking at his phone moments before he was randomly punched in New York City, exclusive video obtained by CBS New York shows.
Footage showed top-ranked golfer Scottie Scheffler handcuffed and walking toward a police car in the morning darkness. He later teed off at the PGA Championship.
The New York Mets overcame another blown save by Edwin Díaz, avoiding a four-game sweep in a home-and-home set with a 6-5 win over the Philadelphia Phillies on Thursday night.
Chris Kreider had a third-period hat trick to help the New York Rangers erase a two-goal deficit and beat the Carolina Hurricanes 5-3 to close out the second-round playoff series in six games and advance to the Eastern Conference Final.
Right-hander Clarke Schmidt threw eight stellar innings in the Yankees' 5-0 win over the Twins on Thursday.
The Giants plan to wear their new "Century Red" uniform up to twice during the 2024 season.
Maimonides Medical Center in Borough Park neighbors two communities that house a large Asian American population.
A Thai community is thriving along Woodside Avenue in Elmhurst, Queens.
Big Reuse says the lot helps take in 2 million pounds of food scraps and yard waste annually to create compost.
The River Garden in West Farms is a place that nurtures home-grown opportunities and curiosity.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
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 17-year-old and 15-year-old girls were last seen on May 12 in Peekskill.
A 19-year-old is under arrest in the deadly shooting of 16-year-old Mahki Brown last week near his school in Manhattan's SoHo neighborhood, according to the U.S. Marshals Service.
John Elliott has the Tri-State Area's latest First Alert Forecast on CBS2 News At Noon.
A federal judge is hearing from three groups looking to pump the brakes on congestion pricing and will decide if the cases can proceed. CBS New York's Tim McNicholas reports.
Actor Shemar Moore joins CBS New York to discuss the season finale of S.W.A.T. which premieres Friday, May 17th.