Tag Archives: JP Morgan

JPMorgan settles overdraft fee case for $110 million

Posted on 08. Feb, 2012 by .

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(Reuters) – JPMorgan Chase & Co (JPM.N) has agreed to pay $110 million to settle consumer litigation accusing it of charging excessive overdraft fees.

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S&P downgrades 6 biggest US banks

Posted on 01. Dec, 2011 by .

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(MoneyWatch) Standard & Poor’s ratings service has cut the ratings of the six largest U.S. bank holding companies by one notch. JP Morgan Chase went from A+ to A; Goldman Sachs, Bank of America, Morgan Stanley and Citigroup were downgraded from A to A-; and Wells Fargo was cut from AA- to A+. Among the eight largest banks, only Boston-based State Street escaped unscathed.

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Asset Acceptance Capital Corp. Announces New Credit Facility

Posted on 15. Nov, 2011 by .

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WARREN, Mich., Nov 14, 2011 (BUSINESS WIRE) — Asset Acceptance Capital Corp., a leading purchaser and collector of charged-off consumer debt, today announced the completion of a new senior secured credit facility. The new facility was led by a syndicate of banks with J.P. Morgan Securities LLC and RBS Citizens N.A. acting as lead arrangers. Berenson & Company, LLC served as the Company’s financial advisor.

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TransUnion Corp. Files Registration Statement for Initial Public Offering of Common Stock

Posted on 06. Jul, 2011 by .

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TransUnion Corp. (“TransUnion” or the “Company”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock to be sold by TransUnion. The number of shares to be offered and the price range for the offering have not yet been determined. TransUnion intends to use the net proceeds from the proposed initial public offering to repay indebtedness and for working capital and other general corporate purposes.

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JPMorgan Chase Appoints Jeff Urwin as Worldwide Head of Investment Banking

Posted on 30. Jun, 2011 by .

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JPMorgan Chase & Co. (JPM), this year’s top adviser on corporate takeovers, appointed Jeff Urwin to be global head of investment banking as it seeks to coordinate operations across regions.

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How Wal-Mart Swiped JPMorgan in $16 Billion Debit-Card Battle

Posted on 30. Jun, 2011 by .

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Jennifer Cavallaro’s Twitter feed usually deals with matters like the free-range egg salad she serves at her Beehive Café in Bristol, Rhode Island. On May 17, 2010, she blasted a different message to her followers.

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JPMorgan stops pursuit of many debt-collection lawsuits: report

Posted on 27. Jun, 2011 by .

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(Reuters) – JPMorgan Chase & Co has dropped more than a thousand lawsuits across the United States that were aimed at collecting soured credit card debt since April, the Wall Street Journal reported. State judges said the bank has dropped lawsuits targeting borrowers in California, Florida, Illinois, New Jersey and New York, the Journal said.

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JPMorgan Chase CEO: ‘We Have Made a Lot of Mistakes’

Posted on 18. May, 2011 by .

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At least one protester was handcuffed by police as more than 400 protesters surrounded each entrance to the Chase campus in Columbus, Ohio. The annual meeting of shareholders is the latest major bank gathering to be targeted by New Bottom Line. In an effort to raise awareness and force banks into complying with a federal directive to modify mortgages, protesters have recently targeted Bank of America and Wells Fargo as well.

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JPMorgan Chase Announces Resolution to Lawsuit with Military Families

Posted on 22. Apr, 2011 by .

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JPMorgan Chase JPM and U.S. Marine Corps Capt. Jonathon Rowles announced today that they have agreed to resolve a class action lawsuit over financial protections due military customers under the Servicemembers Civil Relief Act (SCRA). This settlement follows the recent announcement of several new Chase programs to help military and veteran customers.

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JPMorgan Chase Declares Preferred Stock Dividend

Posted on 18. Apr, 2011 by .

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JPMorgan Chase & Co. JPM declared a quarterly dividend on the outstanding shares of the corporation’s 8.625% Non-Cumulative Preferred Stock, Series J, in the amount of $215.6250 per share (which is equivalent to $0.5390625 per related Depositary Share). The dividend is payable June 1, 2011, to stockholders of record at the close of business on May 2, 2011.

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