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.
November 18, 2013 The deal, expected to be announced this week, is part of a larger $13 billion deal with the Justice Department — the largest-ever such settlement.
November 15, 2013 Institutional investors accused the bank of misrepresenting the true value of mortgage-backed securities, many loaded down with subprime loans.
November 14, 2013 The New York Times says the bank paid the daughter of China's premier about $1.8 million from 2006 to 2008. JPMorgan has not been accused of wrongdoing, but U.S. authorities are looking at that relationship as part of a wider investigation into alleged bribery.
October 19, 2013 Multiple news outlets, including NPR, have been told that the bank and the Justice Department are zeroing in on that figure. At that level, the settlement would be the largest in U.S. history.
October 11, 2013 The country's biggest bank by assets is reeling from a $920 million penalty for failing to control risky trades and faces a multi-billion dollar settlement for mortgage abuse.
August 18, 2013 The Securities and Exchange Commission has launched an investigation of JPMorgan Chase's operations in China, reportedly looking into whether the investment bank hired the children of high-ranking Chinese government officials in an effort to secure business.
October 1, 2012 The suit relates to the securities sold by Bear Stearns, which collapsed in 2008 and is now owned by JPMorgan. It's the suit first to be filed under the auspices of the RMBS Working Group, set up by President Obama to investigate and prosecute alleged misconduct that contributed to the financial crisis.
July 13, 2012 Bank CEO Jamie Dimon says "all of our client-driven businesses had solid performance" and that "we have put most of this problem behind us."
July 12, 2012 When the big bank reports second-quarter earnings on Friday, the real news will be how big its trading losses have grown. The answer could have repercussions for the entire banking sector.
July 11, 2012 According to The Wall Street Journal, the bank will indeed seek to recover stocks paid to some of its top executives.
June 28, 2012 "People who have been briefed on the situation," say the losses from bungled trading have more than tripled from the initial estimate, The New York Times reports. The bank isn't commenting for the record.