Senator: JP Morgan data breach is threat to US national security

The massive data breach at JPMorgan, which compromised the personal information of 76 million households, is "an invasion of the US financial system" and a threat to American national security, a leading senator has warned.

JPMorgan profits fall 19% as mortgage business fades

US banking giant JPMorgan Chase has reported a sharp fall in profits at the start of 2014, which it blamed on declines in its mortgage business.

JPMorgan sells off short-term US government debt

NEW YORK: Investment banking giant JPMorgan Chase said Thursday it has sold all of its exposure to short-term U.S. government debt out of its money market funds, following a similar move by other money market mutual fund managers.

JPMorgan ordered to refund $309 million over "unfair" credit card billing

The country's largest bank has been ordered to refund $309 million to customers and pay $80 million in fines over alleged unfair credit card billing, regulators at the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced Thursday.

JPMorgan beefs up compliance efforts: Report

JPMorgan Chase is spending billions on new compliance staff and programs to address a wave of regulatory scrutiny after recent problems, according to a report Friday.

JP Morgan accused of hiding losses by Senate report

US bank JPMorgan Chase has been accused of hiding its huge trading losses by a US Senate panel. The bank lost $6.2bn (£4.1bn) in trades last year by an employee nicknamed the London Whale.

JPMorgan seeks to reduce clearing and settlement risks: Report

JPMorgan Chase, a major player in providing clearing and settlement services to other financial firms, plans to reduce some services to clients and sever ties with others as it seeks to reduce risks involved in the business, the Wall Street Journal said.

Wall Street bankers face severe pay cuts

Wall Street executives look set to confront severe pay cuts this year as banks come under pressure to axe costs, recruiters have warned.

JPMorgan Chase raises its recent trading loss to $4.4bn

JPMorgan Chase has raised its estimate of the amount it lost in a recent trading error to $4.4bn (£2.8bn).

JPMorgan shares dive after $2bn trading loss

Shares in JPMorgan Chase have dived 9% after the biggest US bank, revealed a trading loss of at least $2bn (£1.2bn).