MF Global
Certain financial companies, including JPMorgan Chase and certain of its subsidiaries, can also be subjected to resolution under the "orderly liquidation authority" rather than under the Bankruptcy Code. In order to invoke the orderly liquidation authority, the U.S. Treasury Secretary, in ...
Lawyers for the part of Silicon Valley Bank that has been put into bankruptcy protection accused US bank regulators of having “drained” roughly $2bn of cash from the institution, setting the stage for a fight that will decide how much investors, including Appaloosa and Pimco, recoup in the...
JPMorgan Chase & Co. (JPM) countersued Lehman Brothers Holding Inc (LEHMQ), accusing the bankrupt investment bank of sticking it with tens of billions of dollars of loans that might never be repaid. JPMorgan said it had lent the unit more than $70 billion on September 18, 2008, three ...
JPMorgan will pay $350 million to settle a parallel civil case by the Office of the Comptroller of the Currency. Finally, the bank will pay $543 million to settle private litigation, including a multibillion-dollar lawsuit filed in late 2010 by bankruptcy Trustee Irving Picard alleging that th...
All the banks on the list are supposed to hold additional assets to help offset any potential losses along the lines of what happened to Lehman Brothers when it couldn't pay up and had to file for bankruptcy in 2008. The full list is below. ...
By Simon Johnson While the financial reform negotiation process grinds to its meaningless conclusion, the real action lies elsewhere – in Jamie Dimon’s executive suite. Dimon, the head of JP Morgan Chase, is apparently seeking to (a) become more globa
Running Hong Kong’s stock exchange was never going to be an easy job for Nicolas Aguzin, but some who worked with the former star JPMorgan banker say the task was not helped by some of his more unconventional ideas. Months after joining Hong Kong Exchanges and Clearing as chief executive ...
Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo
Morgan bankers, to dismiss a portion of the case brought by the U.S. Securities and Exchange Commission related to fraud in bond offerings by Jefferson County, Alabama. It mentions that the bankers charged with making improper and undisclosed payments with the deals and swaps filed to dismiss ...