By Samuel Rubenfeld The Wall Street Journal Sat., Oct. 6, 2018 JPMorgan Chase Bank NA agreed to pay $5.3 million to settle allegations it violated various U.S. sanctions programs. The bank was hit with two penalties, one monetary and the other a finding of violation. Both, the U.S. Treasury Department said, were connected to failures in its screening processes. JPMorgan Chase voluntarily disclosed the issues more than six years ago, according to company spokesman Brian Marchiony. “We have since upgraded our systems and made substantial enhancements to our sanctions compliance program,” he said. The settlement relates to 87 net-settlement transactions between January 2008 and February 2012 totaling more than $1 billion (U.S.), of which about $1.5 million, or just 0.14%, appears to be linked to parties under sanctions. Article Continued Below Each of the 87 transactions involved a U.S.-based JPMorgan Chase client and a foreign entity with connections … [Read more...] about JPMorgan Chase settles allegations it violated U.S. sanctions
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The Chicago Entrepreneurs of Color Fund, a tool that helps black small businesses grow, is getting a $6.5 million cash infusion. JPMorgan Chase & Co. announced an expansion of the fund’s model to support minority entrepreneurs in Chicago’s South and West Sides on Thursday. The investment will include $4 million from JPMorgan Chase to provide minority entrepreneurs with access to capital, education, and other resources. Fifth Third Bank will invest $2.5 million in the Entrepreneurs of Color Fund, pending regulatory approval, to assist minority entrepreneurs in the Chicago neighborhoods. JPMorgan Chase Chairman and CEO Jamie Dimon and Chicago Mayor Rahm Emanuel will host a roundtable discussion in Chicago today on the new investment. The new fund is part of a larger $40 million commitment JPMorgan Chase announced in September 2017 to create economic opportunity over three years in Chicago’s underserved neighborhoods on the South and … [Read more...] about Chicago Entrepreneurs of Color Fund Gets $6.5 Million Cash Infusion From JPMorgan Chase, Fifth Third Bank
Published July 11, 2018 Markets Motley Fool Facebook Twitter Comments Print JPMorgan Chase (NYSE: JPM) is the largest U.S. bank, with more than $2.6 trillion in total assets. In this clip from Industry Focus: Financials, host Shannon Jones and Fool.com contributor Matthew Frankel give investors a high-level overview of this massive financial institution. Continue Reading Below A full transcript follows the video. 10 stocks we like better than JPMorgan ChaseWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and JPMorgan Chase wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of June 4, 2018 Advertisement … [Read more...] about An Introduction to JPMorgan Chase
Published July 08, 2018 Markets ETF Trends Facebook Twitter Comments Print This article was originally published on ETFTrends.com. By Lilah Koski via Iris.xyz We know from our Koski Research Future of Money Study that American consumers are looking for more integration in their financial lives. When news circulated earlier this year that Amazon was in talks with JPMorgan Chase and other financial institutions to offer checking accounts or checking-like services to Amazon customers, we wanted to know how [...] Continue Reading Below Read more at ETFTrends.com > … [Read more...] about Amazon and JPMorgan Chase: Americans’ Friend or Foe?
Photo: Wikimedia Commons Can one institution really have played an indirect role in killing the country’s first Secretary of the Treasury, winning World War I, financing the largest firm in the world, contributing to the 2008 credit crisis, then helping avert an even worse financial disaster? Only on Wall Street. The history of JPMorgan Chase spans more than 200 years and includes numerous firms who merged to form today’s banking behemoth. We collected the most important events that tells the story of this legendary firm. The Manhattan Company would much later merge with Chase Bank--which bought JPMorgan & Co. to form the company it is today. Source: J.P. Morgan The pair's guns remain property of J.P. Morgan Chase. Source: J.P. Morgan Their main offices were at 23 Wall Street. Source: J.P. Morgan One such transaction includes Chase's purchase of Hambrecht & Quist, the firm that handled Apple's 1980 IPO. Source: Wikipedia The … [Read more...] about DUELS, BOMBINGS AND APPLE: The Incredible Story Behind The Creation Of JPMorgan Chase