JP Morgan Chase

JPMorgan Chase & Co., the third-largest financial services firm in the US bought the sixth-largest bank in the country, Bank One, in 2004 for approximately $60 billion worth of stock. The deal extended JPMorgan’s branch network to the Midwest and South and strengthens its retail operations, where the company is already among the nation’s top mortgage lenders, automobile loan writers, and credit card issuers. Formed in 2001 by the blockbuster merger of retail banking powerhouse Chase Manhattan and venerable investment bank J.P. Morgan, JPMorgan Chase also boasts formidable investment banking and asset management operations.

JP Morgan Chase
270 Park Ave.
New York, NY 10017

JPMorgan to pay $425m in IPO lawsuit

JPMorgan has agreed to pay $425m to settle a lawsuit alleging it manipulated the market for initial public offerings during the technology boom of the late 1990s, the bank said on Thursday.

The deal is the first in the case and could put pressure on other Wall Street banks to pay billions in aggregate.

The eventual overall settlement is likely to be the largest private recovery for investors burned by Wall Street’s aggressive tactics during the bull market

JP Morgan pays $1bn in Enron deal

P Morgan Chase has agreed to pay about $1bn (£554m) to settle claims that it contributed to the collapse of former energy trader Enron four years ago.

The bank will pay $350m in cash and meet claims totalling another $660m.

Enron has previously asserted that 10 banks aided and abetted in its collapse, but the settlement is the first with a US bank

JP Morgan Insider Trading

WASHINGTON — Securities regulators are examining a surge in options trading just before Wednesday’s announcement that J.P. Morgan Chase agreed to buy Bank One for $58 billion, according to people familiar with the situation