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JPMorgan Chase & Co (JPM)

JPM on New York Consolidated

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28 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Jpmorgan chase elects new board member
Tuesday, 20 Sep 2016 07:21am EDT 

JPMorgan Chase & Co : JPMorgan Chase elects new board member . Todd Combs is an investment officer at Berkshire Hathaway Inc . Todd A. Combs was named a director of the company’s JPMorgan Chase bank, n.a. and Chase bank U.S., n.a. subsidiaries . JPMorgan Chase elects Todd A. Combs to board of directors .Todd A. Combs' appointment is effective September 19, 2016.  Full Article

JPMorgan Chase signs Best Buy to accept Chase Pay
Wednesday, 14 Sep 2016 08:02am EDT 

JPMorgan Chase & Co : JPMorgan Chase signs Best Buy to accept Chase Pay .Signed a multiyear agreement for Best Buy to accept Chase Pay in its stores, on bestbuy.com and in Best Buy app.  Full Article

JPMorgan Chase reports 10.5 pct passive stake in USA Truck Inc
Thursday, 8 Sep 2016 02:39pm EDT 

USA Truck Inc :JPMorgan Chase & Co Reports 10.5 Pct Passive Stake In USA Truck Inc As Of August 31 - Sec filing.  Full Article

JP Morgan Asset Mgmt obtains wholly foreign-owned asset management business license in Shanghai
Tuesday, 6 Sep 2016 01:34am EDT 

J.P. Morgan Asset Management said on Tuesday: It has obtained a business license approval from the Market Supervision Administration of China (Shanghai) Pilot Free Trade Zone to incorporate JPMorgan Asset Management (Shanghai) Ltd . Entity will be wholly-owned by J.P. Morgan in China . JPMAM is the first asset management company to be approved to establish an Asset Management Wholly Foreign-Owned Enterprise in Shanghai . JPMAM business scope includes asset management, investment management, investment consulting, and various other general consultancies . Reuters reported on Sept. 1 issuance of the business license, citing a notice on the website of the Shanghai Industry and Commerce Administration [nL3N1BD43U] Further company coverage: [JPM.N] (Reporting By Matthew Miller) ((matthew.miller1@thomsonreuters.com;)).  Full Article

Jpmorgan Chase & Chase launches first end-to-end digital car-buying service for customers
Thursday, 25 Aug 2016 04:54pm EDT 

J.P. Morgan Chase & Co : J.P. Morgan Chase & Chase launches first end-to-end digital car-buying service for customers . New service is now available to existing chase customers in select U.S. States . Chase Auto Direct is currently available to existing Chase customers in 30 U.S. states, to roll out further in phases through early 2017 .Launch of Chase Auto Direct, which "lets chase customers shop for a car and secure financing" through computer or smartphone.  Full Article

JPMorgan, FDIC, Deutsche Bank settle Washington Mutual suit
Friday, 19 Aug 2016 05:16pm EDT 

Jpmorgan Chase & Co : As previously disclosed JPMorgan Chase Bank N.A. signed term sheet with Deutsche Bank National Trust Co, Federal Deposit Insurance . August 19, parties executed and delivered definitive agreements resolving outstanding disputes between JPMorgan Chase Bank and FDIC . Settlement will also result in dismissal of four WMB-related actions pending in U.S. District Court for District Of Columbia . Under terms of settlement, JPMorgan Chase Bank will also release all of its indemnity and other claims against WMB receivership estate . Settlement will result in dismissal of four WMB-related actions pending in U.S. District Court for District Of Columbia to which firm, FDIC are parties .JPMorgan Chase Bank N.A. to release indemnity, claims against WMB receivership estate, including more than $1 billion in claims relating to WMB deal.  Full Article

Jury finds former investment banker Sean Stewart guilty in insider trading case
Wednesday, 17 Aug 2016 10:12am EDT 

: Jury finds former investment banker sean Stewart guilty of conspiracy in insider trading case, verdict still being read--hearing . Jury finds Stewart guilty on all nine counts he faced, including securities fraud . Verdict was read in Manhattan federal court.  Full Article

Verdict is reached in insider trading trial of former investment banker Sean Stewart -- judge
Wednesday, 17 Aug 2016 09:56am EDT 

: Verdict is reached in insider trading trial of former investment banker sean Stewart -- judge . Prosecutors accused Stewart, formerly of perella weinberg and JPMorgan, of tipping his father about pending healthcare mergers . Verdict has yet to be read.  Full Article

JPMorgan Chase signs Phillips 66 to accept Chase pay
Wednesday, 17 Aug 2016 09:05am EDT 

JPMorgan Chase & Co : JPMorgan chase signs Phillips 66 to accept Chase pay .Chase, Phillips 66 have signed multi-year agreement for Phillips 66 to accept Chase pay at Phillips 66, Conoco, 76 branded locations across U.S..  Full Article

Moody's affirms JPMorgan Chase's prime, subprime SQ assessments
Tuesday, 16 Aug 2016 05:46pm EDT 

Moody's - : Moody's affirms JPMorgan Chase's prime and subprime SQ assessments . Moody's - Prime servicer assessment based on Chase's above average collection abilities, above average loss mitigation, average foreclosure among others .Moody's - Affirmed SQ assessments for JPMorgan Chase at SQ2 as a primary servicer of prime loans and at SQ2- as a primary servicer of subprime loans.  Full Article

MOVES-JPMorgan shuffles consumer banking, wealth management execs

NEW YORK, Sept 27 JPMorgan Chase & Co on Tuesday named Thasunda Duckett to be consumer banking chief executive, succeeding Barry Sommers, who is taking a role as chief executive of wealth management within a new unit that will bridge the company's retail bank and asset management segments.