In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
November 19, 2013 The Justice Department announces that JPMorgan Chase will pay $13 billion to settle U.S. claims over the sale of troubled mortgages. The deal includes a $4 billion payment for consumer relief. More than half of the record settlement amount will be tax-deductible, the banking giant says.
January 16, 2013 JPMorgan Chase says its profits were up 53 percent in 2012's fourth quarter — but CEO Jamie Dimon's salary will be cut in half, after the bank lost billions of dollars on risky bets placed by a single trader. Dimon's salary now stands at $11.5 million.
October 28, 2011 JPMorgan Chase tested charging in two states for eight months, but heard loud complaints from customers. Bank of America, which introduced a $5 monthly charge, has been assailed by many including President Obama.
March 17, 2008 Bye, bye, Bear Stearns. Hello, bear market.
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