Jan 7, 2014 — The bank will be criminally charged with two violations of the Bank Secrecy Act, but will receive a deferred prosecution under the agreement.
Nov 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.
Nov 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.
Nov 15, 2013 — Institutional investors accused the bank of misrepresenting the true value of mortgage-backed securities, many loaded down with subprime loans.
Nov 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.
Oct 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.
Oct 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.
Sep 19, 2013 — Traders in JPMorgan's London offices racked up huge losses last year and then tried to cover up what happened. Now, the bank is admitting the violations and agreeing to pay nearly $1 billion to regulators in the U.S. and U.K.
Sep 16, 2013 — The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.
Aug 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.