JPMorgan Hit With $80M Fine Over Illegal Credit Card Practices
Together with the $920 million JPMorgan Chase agreed to pay over the London Whale case, Thursday was an expensive day for the megabank.
JPMorgan to Pay $920 Million Penalty for London Whale Losses
JPMorgan Chase has agreed to pay $920 million to settle charges brought in a coordinated global settlement.
SEC Enforcement: Scheme Loots IRAs to Fund Bounty Hunter TV Show, Bridal Shop
The SEC halted a Ponzi scheme targeting IRA funds, issued a stop order against the IPO of an L.A. company and reported an arrest in Spain in the "London Whale" case.
New Hire Roundup: Dana McLaughlin Joins Beirne Wealth Consulting
This week in new hires, CLA Wealth Advisors added George Hostal, and Hartford Funds brought in Shaun McDonald and Dylan White.
Morgan Stanley Adds 9 Reps From Rivals
The new advisors bring about $10 million in yearly fees and commission, as well as more than $1.8 billion in total client assets.
13 Best & Worst Broker-Dealers: Q2 Earnings, 2013
Some large organizations kept up their momentum, while smaller BDs showed both weaker than expected and surprisingly strong results.
SEC Swears In 2 Commissioners; FINRA Names New Governors
Kara Stein and Michael Piwowar, both former congressional staffers, are new SEC commissioners, replacing Elisse Walter and Troy Paredes.
WSJ Upbeat, Roubini Down on Second Half
Just as the economy is showing signs of emergence from a lethargic recovery, economist Nouriel Roubini is warning Americans to lower their expectations, citing a Philly Fed report out today.
Top 10 Corporate Cash Donors to Charity in 2012
Corporate America’s charitable donations grew modestly, but may slow this year.
How Financial Reform Became a Fiasco
Three years after Dodd-Frank’s passage, President Obama and Congress have failed to shepherd sound financial-industry rules, or level with the public.