Key Developments: JPMorgan Chase & Co (JPM)

JPM on New York Consolidated

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1 Jun 2015
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Latest Key Developments (Source: Significant Developments)

Global banks including JPMorgan Chase & Co admit guilt in forex probe, fined nearly $6 billion - Reuters
Wednesday, 20 May 2015 06:28pm EDT 

JPMorgan Chase & Co:Four banks pleaded guilty to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe - Reuters.Citigroup, JPMorgan Chase, Barclays Plc, UBS AG and Royal Bank of Scotland Plc were accused by U.S. and UK officials of brazenly cheating clients to boost their own profits using invitation-only chat rooms and coded language to coordinate their trades.All but UBS pleaded guilty to conspiring to manipulate the price of U.S. dollars and euros exchanged in the FX spot market.UBS pleaded guilty to a different charge.Bank of America Corp was fined but avoided a guilty plea over the actions of its traders in chatrooms.The misconduct occurred until 2013, after regulators started punishing banks for rigging the London interbank offered rate (Libor).The settlements stood out in part because the U.S. Department of Justice forced Citigroup's main banking unit Citicorp, and the parents of JPMorgan, Barclays and Royal Bank of Scotland to plead guilty to U.S. criminal charges.JPMorgan's share of the criminal fine was $550 million, based on its involved from July 2010 until Jan. 2013.It also agreed to pay the Federal Reserve $342 million.  Full Article

JPMorgan Chase & Co declares common stock dividend
Tuesday, 19 May 2015 01:16pm EDT 

JPMorgan Chase & Co:Declares quarterly dividend of 44 cents per share on outstanding shares of common stock.Payable on July 31.Record date as on July 6.  Full Article

JPMorgan Chase & Co declares preferred stock dividend
Monday, 18 May 2015 02:00am EDT 

JPMorgan Chase & Co:Declares dividends on the outstanding shares of the following preferred stock issue.Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series V in the amount of $250.00 per share (which is equivalent to $25.00 per related Depositary Share).Payable on July 1 to stockholders of record at the close of business on June 1.  Full Article

JPMorgan Chase & Co's Chase to purchase $45 billion in mortgage servicing rights from Ocwen
Thursday, 14 May 2015 09:30am EDT 

Chase:Will purchase the mortgage servicing rights (MSRs) for 266,000 high-quality Fannie Mae loans worth an estimated $45 billion from Ocwen Loan Servicing, LLC a wholly-owned subsidiary of Ocwen Financial Corporation.Ocwen previously announced in a March 2 release its intention to sell this portfolio of loans.Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co.  Full Article

JPMorgan & Co probed over role in French tax evasion case - Reuters
Wednesday, 6 May 2015 03:29pm EDT 

JPMorgan & Co:Has been placed under formal investigation in France as part of a probe into alleged tax evasion by senior managers at investment firm Wendel - Reuters.Says declined to comment on the move, part of a wider investigation in which as many as 14 Wendel executives face charges including tax evasion and insider trading over transactions conducted in 2004-2007.  Full Article

JPMorgan Chase & Co in advanced talks to settle forex investigation - Reuters
Tuesday, 5 May 2015 06:27pm EDT 

JPMorgan Chase & Co:Says it is in 'advanced stages' of settlement talks with the U.S. Department of Justice and Federal Reserve over previously disclosed investigations into its foreign exchange trading - Reuters.Says estimated 'reasonably possible' legal expenses, in excess of its litigation reserves, at $5.5 billion as of the end of March, down from $5.8 billion at the end of Dec.  Full Article

JPMorgan Chase declares preferred stock dividend
Wednesday, 15 Apr 2015 02:00am EDT 

JPMorgan Chase & Co:Delaresa quarterly dividend on the outstanding shares of each of the corporation`s following preferred stock issues.5.50 pct non-cumulative preferred stock, Series O - $137.50 per share (equivalent to $0.34375 per related Depositary Share).5.45 pct non-cumulative preferred stock, series P - $136.25 per share (equivalent to $0.340625 per related Depositary Share).6.70 pct non-cumulative preferred stock, Series T - $167.50 per share (equivalent to $0.41875 per related Depositary Share).6.30 pct non-cumulative preferred stock, Series W - $157.50 per share (equivalent to $0.39375 per related Depositary Share).6.125 pct non-cumulative preferred stock, Series Y - $185.4513889 per share (equivalent to $0.463628472 per related Depositary Share).Says the dividend payment date is June 1 to stockholders of record at the close of business on May 4.  Full Article

JPMorgan Chase & Co declares preferred stock dividend
Tuesday, 14 Apr 2015 04:56pm EDT 

JPMorgan Chase & Co:Declared quarterly dividend on outstanding shares of each of corporation's following preferred stock issues.5.50 pct Non-Cumulative Preferred Stock, Series O - $137.50 per share (equivalent to $0.34375 per related Depositary Share).5.45 pct Non-Cumulative Preferred Stock, Series P - $136.25 per share (equivalent to $0.340625 per related Depositary Share).6.70 pct Non-Cumulative Preferred Stock, Series T - $167.50 per share (equivalent to $0.41875 per related Depositary Share).6.30 pct Non-Cumulative Preferred Stock, Series W - $157.50 per share (equivalent to $0.39375 per related Depositary Share).6.125 pct Non-Cumulative Preferred Stock, Series Y - $185.4513889 per share (equivalent to $0.463628472 per related Depositary Share).Dividend payment date is June 1 to stockholders of record at the close of business on May 4.  Full Article

JPMorgan Chase & Co on track to pay $4 bln to homeowners as part of settlement - Reuters
Thursday, 2 Apr 2015 09:31am EDT 

JPMorgan Chase & Co:Is on track to meet its mandate to provide billions of dollars in consumer relief to struggling homeowners as part of a settlement it reached over bad residential mortgage-backed securities it sold before the financial crisis, an independent monitor said - Reuters.Chase, JPMorgan's brand for consumer loans, must also pay $9 bln in cash, totaling a $13 bln settlement.  Full Article

JPMorgan Chase & Co to delist from TSE
Wednesday, 25 Mar 2015 03:30am EDT 

JPMorgan Chase & Co:To delist from TSE, effective April 26.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

Thomson Reuters June 1, 2015 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - MONTH AHEAD Dividends Non S&P 500 - Weekly Federal Reserve events ConferenceCall/Webcast - Weekly Meetings - Weekly Xtra users can see more details on conference calls & webcasts by hovering your mouse over the RIC, right click, no click on Related Co Data, now click on Co Events. ** For

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