Regulation

JPMorgan Reaches Record $13 Billion Mortgage Pact With U.S.

JPMorgan Chase & Co. reached a $13 billion deal with the U.S. Justice Department that ends probes into the bank’s sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.

Mutual Fund Trends - Same Themes, Different Decade

The $8.5 billion settlement reached with Bank of America gave mortgage-bond investors more than twice what they would have recovered through litigation and was an “easy decision,” an attorney for the trustee who negotiated the deal said.

Ex-JPMorgan Trader Resists Spain’s Extradition in Whale Case

The credit rating agency cut its ratings on four of the biggest U.S. banks after deciding the government would be less likely to help them repay creditors in a crisis.

The head of the IRS’s small business unit said his division expects to move from focusing on audits of small corporations to partnerships.

Javier Martin-Artajo, the former JPMorgan Chase banker accused of helping hide trading losses that eventually surpassed $6.2 billion, told a Spanish judge he opposes extradition to the U.S.

Finra's Watch Over Funds

The firm is seeking regulatory approval to make financial advisors dual employees of its bank subsidiary in addition to the broker-dealer as it increases mortgage lending, a person briefed on the matter said