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| Article Title | Sentiment | Date | Summary | Stock | Id | Author |
|---|---|---|---|---|---|---|
| Article Title | Sentiment | Date | ||||
| Hauling cash, replacing cards, fixing ATMs: the stubborn costs banks can't erase | -15 | 2016-07-19 12:32:08+00 | They also show how long it might take to reach the digital banking revolution that bank executives and consultants speak about optimistically. REUTERS/Mike SegarNEW YORK Even after years of lean times, big U.S. banks are coming under new pressure to cut costs. "A lot of banks in the past would fire people when they had cost pressure," said Ashwin Adarkar, who leads Boston Consulting Group's financial institutions practice. Bank executives and consultants say the first wave of cost cuts was straight-forward: layoffs, bonus reductions, curbing employee travel, reducing excess real estate, renegotiating vendor contracts. "But, over time, they've realized that those costs creep back unless you fundamentally change the nature of the work. | JPM | {"Dan Freed","Olivia Oran"} | 15 |
| JPMorgan Accused in Suit of Failing to Protect Peregrine Funds | -17 | 2016-07-22 00:00:00 | The customers said in the suit that they sought to recover their funds through an arbitration but had their claims denied. U.S. Bank agreed last year to pay $18 million to end a regulator’s lawsuit over its handling of funds belonging to the Peregrine clients. The customers sued the banks and others on Friday in the latest round of litigation stemming from the 2012 collapse of Peregrine. Peregrine, a futures trading firm based in Cedar Falls, Iowa, filed for bankruptcy after regulators discovered millions missing from the firm’s accounts. JPMorgan Chase & Co. and a U.S. Bancorp unit failed to stop executives at now-defunct Peregrine Financial Group from stealing their funds on deposit, according to former customers who lost money in a $200 million swindle. | JPM | {"Christian Berthelsen"} | 17 |
| JPMorgan Said Near Settlement With U.S. Over Hiring in Asia | -7 | 2016-07-21 00:00:00 | News on JPMorgan nearing an accord with U.S. agencies was reported earlier Thursday by the Wall Street Journal. The SEC and then the Justice Department began looking into possible violations at New York-based JPMorgan, the largest U.S. bank, in 2013. The Justice Department didn’t respond to a request for comment. While the Justice Department’s investigation initially focused on JPMorgan, it widened to include other Wall Street firms, people familiar with the matter have said. JPMorgan shares slipped 24 cents, or 0.4 percent, to $63.69 at 4:06 p.m. in New York trading. | JPM | {"Keri Geiger","Matt Robinson","Matt Robinson Keri Geiger"} | 16 |
| Citigroup stock drops to 13-year low, fear grows | -27 | 2008-11-19 23:28:48+00 | Citigroup, JPMorgan and Bank of America are in the Dow Jones industrial average. OTHER STOCKS TUMBLEWednesday's decline drove Citigroup's market value down to about $34.9 billion, allowing U.S. Bancorp to surpass it as the nation's fourth-largest bank by market value. Earlier Wednesday, Citigroup agreed to buy $17.4 billion in assets remaining in some funds known as structured investment vehicles. Worries about Citigroup were a key factor in U.S. stocks falling broadly Wednesday to a 5-1/2-year low. Citigroup's market value is down from more than $270 billion just two years ago. | JPM | {"Reuters Editorial"} | 44 |
| New York Fed attacked watchdog's JPMorgan 'Whale' probe | -20 | 2015-01-09 01:18:55+00 | The New York Fed - the central bank's eyes and ears on Wall Street - faced criticism on several fronts last year. The most damaging was the disclosure of secretly recorded tapes that portrayed New York Fed examiners as hesitant to demand answers and changes from Goldman Sachs officials. Representatives at the New York Fed were not immediately available for comment. The 77-page report released on Thursday marked the first time the New York Fed's criticism of the probe was made public. The New York Fed says that the probe contained errors and unfairly criticized the way examiners decided which banks to scrutinize and in what order. | JPM | {"Reuters Editorial"} | 140 |
| U.S. court says JPMorgan must live with $1.5 bln paperwork error | -19 | 2015-01-21 18:22:17+00 | The appeals court noted that the filings ending the security interest were reviewed by the JPMorgan managing director responsible for the $1.5 billion loan and the law firm JPMorgan hired for the paperwork, Simpson Thacher & Bartlett. The unsecured creditors appealed to the U.S. Court of Appeals for the Second Circuit in Manhattan, which reversed Gerber's ruling. During GM's Chapter 11, secured lenders were repaid in full while unsecured creditors lost out. The case is the Official Committee of Unsecured Creditors of Motors Liquidation Co v JPMorgan Chase Bank, U.S. Court of Appeals for the Second Circuit, No. Eric Fisher, an attorney for the unsecured creditors, declined to comment. | JPM | {"Reuters Editorial"} | 138 |
| Exclusive: Petrobras hires JPMorgan for $3 billion in asset sales - sources | -21 | 2015-02-25 19:09:02+00 | Moody's Petrobras ratings cut was the largest corporate downgrade in terms of the amount of debt impacted in 10 years. Moody's was the first of the three major rating firms to put Petrobras ratings on so-called junk status. Last week, JPMorgan Securities analysts predicted that Moody's would be first to announce a Petrobras downgrade. Worries over a looming cash crunch and the scandal were behind the downgrade, Moody's said late on Tuesday. Asset sales have become imperative for Petrobras now that Moody's Investors Service has stripped the company of its investment-grade rating and has warned that further cuts are possible. | JPM | {"Mike Stone","Guillermo Parra-bernal"} | 146 |
| Two JPMorgan executives tied to Asia hiring probe to exit: WSJ | -10 | 2015-02-13 02:04:43+00 | Marin, a nearly 27-year veteran of the firm, is one of the most senior executives related to the probe to leave the bank. REUTERS/Mike SegarTwo senior executives at JPMorgan Chase & Co who are connected to an investigation into its hiring practices in Asia will exit the bank, the Wall Street Journal reported, citing people with knowledge of the matter. JPMorgan is under scrutiny from U.S. authorities who are investigating the Asian hiring practices of JPMorgan and other banks. Todd Marin, vice chairman of Asia Pacific investment banking, and Catherine Leung, vice chairwoman of Asia investment banking, are set to leave the bank in coming weeks, the Journal reported. The bank has not been accused of wrongdoing in the investigation which focuses on potential violations of the Foreign Corrupt Practices Act. | JPM | {"Reuters Editorial"} | 208 |
| INSIGHT-JPMorgan's new approach to probing suspect transactions sparks internal friction | -33 | 2015-02-12 06:00:00+00 | "But it has created friction with some current and former JPMorgan managers who have more of a traditional law enforcement background and are used to doing their own in-depth probes of transactions. Some like Robinette are unhappy, while others are leaving because JPMorgan has closed offices, the former employees said. A senior compliance official at a rival bank called it the most severe "bloodletting" of AML executives the industry has seen. A spokesman for the OCC, Bryan Hubbard, and Wexler declined comment on the bank's relationship with regulators. That agreement leaves the bank susceptible to criminal prosecution until 2016 in the event of further such lapses. | JPM | {"Reuters Editorial"} | 210 |
| RPT-INSIGHT-JPMorgan's new approach to probing suspect transactions sparks internal friction | -33 | 2015-02-12 12:00:00+00 | "But it has created friction with some current and former JPMorgan managers who have more of a traditional law enforcement background and are used to doing their own in-depth probes of transactions. Some like Robinette are unhappy, while others are leaving because JPMorgan has closed offices, the former employees said. A senior compliance official at a rival bank called it the most severe "bloodletting" of AML executives the industry has seen. A spokesman for the OCC, Bryan Hubbard, and Wexler declined comment on the bank's relationship with regulators. That agreement leaves the bank susceptible to criminal prosecution until 2016 in the event of further such lapses. | JPM | {"Reuters Editorial"} | 211 |
| JPMorgan to pay $500 mln in mortgage settlement | -21 | 2015-02-03 15:23:33+00 | The case is In re: Bear Stearns Mortgage Pass-Through Certificates Litigation, U.S. District Court, Southern District of New York, No. The accord is separate from JPMorgan's $13 billion settlement with regulators in November 2013 over mortgage securities sales. JPMorgan has resolved similar litigation over mortgage offerings from the former Washington Mutual Inc. The all-cash settlement was made public late Monday, and requires approval by U.S. District Judge Laura Taylor Swain in Manhattan. NEW YORK JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises. | JPM | {"Reuters Editorial"} | 212 |
| JPMorgan to pay $500 million in mortgage settlement | -21 | 2015-02-03 15:17:28+00 | The case is In re: Bear Stearns Mortgage Pass-Through Certificates Litigation, U.S. District Court, Southern District of New York, No. REUTERS/Mike SegarNEW YORK JPMorgan Chase & Co (JPM.N) has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises. JPMorgan has resolved similar litigation over mortgage offerings from the former Washington Mutual Inc. The accord is separate from JPMorgan's $13 billion settlement with regulators in November 2013 over mortgage securities sales. The all-cash settlement was made public late Monday, and requires approval by U.S. District Judge Laura Taylor Swain in Manhattan. | JPM | {"Jonathan Stempel"} | 213 |
| JPMorgan to pay $99.5 mln to resolve currency rigging lawsuit | -23 | 2015-02-02 12:35:11+00 | In an affidavit, Feinberg called the JPMorgan settlement fair, reasonable and adequate. The JPMorgan settlement could form a basis for other settlements. Lawyers for the plaintiffs, led by Hausfeld LLP and Scott & Scott, plan to seek legal fees of up to 30 percent of the settlement funds, court papers show. "Although such analysis is preliminary, it does appear to be consistent with Class Lead Counsel's evaluation of JPMorgan's role in the FX market and JPMorgan's market share over the class period (6%)," he said. The case is In re: Foreign Exchange Benchmark Rates Antitrust Litigation, U.S. District Court, Southern District of New York, No. | JPM | {"Reuters Editorial"} | 214 |
| JPMorgan settles currency manipulation lawsuit in U.S. | -13 | 2015-01-05 22:12:12+00 | The case is In re: Foreign Exchange Benchmark Rates Antitrust Litigation, U.S. District Court, Southern District of New York, No. Five other banks settled for an additional $3.3 billion. Monday's settlement requires court approval, and settlement papers are expected to be filed with the court this month. According to the lawsuit, the 12 banks held an 84 percent global market share in currency trading, and were counterparties in 98 percent of U.S. spot volume. The 2013 lawsuit is separate from criminal and civil probes worldwide into whether banks rigged currency rates to boost profit at the expense of customers and investors. | JPM | {"Reuters Editorial"} | 227 |
| UPDATE 1-JPMorgan to pay $50 mln over improper mortgage practices | -7 | 2015-03-03 17:21:07+00 | As part of the proposed settlement, JPMorgan Chase agreed to pay $22.4 million in credits and second lien forgiveness to about 400 homeowners. Between 2011 and 2013, JPMorgan Chase filed more than 50,000 mortgage payment change notices in bankruptcy courts that had not been improperly signed and reviewed. The settlement includes cash payments, mortgage loan credits and loan forgiveness to more than 25,000 homeowners, the department said in a statement. (Adds details on settlement, background)WASHINGTON, March 3 JPMorgan Chase will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday. Another $10.8 million will be paid in the form of credits or refunds to more than 18,000 homeowners. | JPM | {"Reuters Editorial"} | 307 |
| JPMorgan to pay $50 mln over improper mortgage practices | -7 | 2015-03-03 18:20:06+00 | As part of the proposed settlement, JPMorgan Chase agreed to pay $22.4 million in credits and second lien forgiveness to about 400 homeowners. JPMorgan Chase will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday. Between 2011 and 2013, JPMorgan Chase filed more than 50,000 mortgage payment change notices in bankruptcy courts that had not been improperly signed and reviewed. The settlement includes cash payments, mortgage loan credits and loan forgiveness to more than 25,000 homeowners, the department said in a statement. Another $10.8 million will be paid in the form of credits or refunds to more than 18,000 homeowners. | JPM | {"Reuters Editorial"} | 308 |
| JPMorgan to pay $50 million over improper mortgage practices | -7 | 2015-03-03 17:23:28+00 | As part of the proposed settlement, JPMorgan Chase agreed to pay $22.4 million in credits and second lien forgiveness to about 400 homeowners. REUTERS/Mike SegarWASHINGTON JPMorgan Chase (JPM.N) will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday. Between 2011 and 2013, JPMorgan Chase filed more than 50,000 mortgage payment change notices in bankruptcy courts that had not been improperly signed and reviewed. The settlement includes cash payments, mortgage loan credits and loan forgiveness to more than 25,000 homeowners, the department said in a statement. Another $10.8 million will be paid in the form of credits or refunds to more than 18,000 homeowners. | JPM | {"Reuters Editorial"} | 309 |
| Spanish prosecutor seeks extradition of JPMorgan London Whale supervisor | -18 | 2015-03-05 16:32:49+00 | The London Whale scandal was an embarrassment for JPMorgan though its boss Jamie Dimon famously initially dismissed it as a "tempest in a teapot". His defence team had long been expected to argue that the United States had no jurisdiction over the case. More recently in December the bank outlined improved controls, describing for instance how it clawed back or canceled more than $100 million in executive compensation after the London Whale affair. Spaniard Martin-Artajo, who was the London supervisor of Bruno Iksil, nicknamed the London Whale for his big derivatives bets, is resisting extradition and told the High Court in Madrid on Thursday he was innocent. But the prosecutor told the court she thought there were grounds for the extradition to be granted and that Martin-Artajo had allegedly helped cover up $767 million in trading losses. | JPM | {"Reuters Editorial"} | 317 |
| Spanish prosecutor seeks extradition of JPMorgan 'London Whale' supervisor | -18 | 2015-03-05 16:35:44+00 | The London Whale scandal was an embarrassment for JPMorgan though its boss Jamie Dimon famously initially dismissed it as a "tempest in a teapot". The ex-banker is accused of helping to hide trading losses and would face charges of wire fraud and conspiracy to defraud. More recently in December the bank outlined improved controls, describing for instance how it clawed back or canceled more than $100 million in executive compensation after the London Whale affair. Spaniard Martin-Artajo, who was the London supervisor of Bruno Iksil, nicknamed the London Whale for his big derivatives bets, is resisting extradition and told the High Court in Madrid on Thursday he was innocent. MADRID A Spanish prosecutor has recommended extradition to the United States of Javier Martin-Artajo, an ex-JPMorgan Chase & Co executive indicted over the "London Whale" scandal which led to over $6.2 billion in trading losses at the bank in 2012. | JPM | {"Reuters Editorial"} | 318 |
| Prosecutors Announce More Charges in Hacking of JPMorgan Chase | -52 | 2015-11-11 00:00:00 | That exchange was owned by Mr. Shalon, whom prosecutors described Tuesday as the founder and leader of the sprawling criminal enterprise. Before long, investigators had uncovered a trail of 75 shell companies and a hacking scheme in which the three defendants used 30 false passports from 17 different countries. Prosecutors said they uncovered the complex scheme in their investigation of a computer hacking last year at JPMorgan Chase that involved the breach of contact information, such as emails, from 83 million customer accounts. Nearly all the activities “relied for their success on computer hacking and other cybercrimes,” prosecutors said on Tuesday. Separately, federal prosecutors in Atlanta on Tuesday announced charges against Mr. Shalon, Mr. Aaron and an unnamed defendant in the late-2013 attacks on E-Trade Financial Corporation and Scottrade Financial Services, both major online brokers. | JPM | {"Liz Moyer"} | 889 |
| Ex-JPMorgan Executive’s Identity-Crisis Case Makes Top Court | -19 | 2016-10-13 00:00:00 | Macris’s lawsuit is one of a number the FCA is facing, but the first to reach the U.K.’s top court. If the Macris ruling is upheld, the FCA may have to overhaul how it presents all its reports. London WhaleIn Macris’s case, JPMorgan was fined 138 million pounds ($168 million) in 2013 after a trader nicknamed the London Whale incurred $6.2 billion in losses. "Macris oversaw JPMorgan’s Chief Investment Office in Europe where trader Bruno Iksil made market-distorting bets on derivatives. Iksil’s bad bets led to more than $900 million in penalties from regulators including the U.S. Securities and Exchange Commission and the FCA. | JPM | {"Suzi Ring Jeremy Hodges","Suzi Ring","Jeremy Hodges"} | 352 |
| Is JPMorgan Chase Warren Buffett's new favorite bank? | -12 | 2016-09-21 00:00:00 | Related: I called the Wells Fargo ethics line and was firedBut the problems plaguing Wells Fargo don't appear to be going away anytime soon. That's because shares of Wells Fargo fell about 2% Wednesday morning after it was downgraded ... by JPMorgan Chase. In 2013, he even compared Dimon to Babe Ruth on CNBC after JPMorgan Chase was hit with a fine tied to the London Whale trading debacle. Berkshire Hathaway (BRKB) does not own a stake in JPMorgan Chase. And Buffett's assistant has yet to respond to numerous requests from CNNMoney since Friday about the Wells Fargo scandal. | JPM | {"La Monica","Paul R"} | 353 |
| U.S. announces criminal charges in massive 2014 JPMorgan hack | -62 | 2015-11-10 00:00:00 | Gery Shalon, Joshua Aaron and Ziv Orenstein allegedly sent millions of spam e-mails to JPMorgan customers touting the penny stocks. JPMorgan Chase confirmed that some of the new charges are related to the 2014 hack, which resulted in a breach of information on 83 million people. The Securities and Exchange Commission is also pursing separate civil charges against the three men related to the “pump and dump” scheme. (Reuters/Kacper Pempel/Files)Federal prosecutors in New York on Tuesday announced expanded criminal charges against three men linked to one of the biggest cybercrime schemes the financial sector has seen. His charges include securities fraud, wire fraud, running an unlawful Internet casino, running an illicit payment processor and money laundering. | JPM | {"Andrea Peterson Covers Technology Policy For The Washington Post With An Emphasis On Cybersecurity Consumer Privacy Transparency Surveillance Open Government","Ellen Nakashima Is A National Security Reporter For The Washington Post She Focuses On Issues Relating To Intelligence Technology Civil Liberties"} | 891 |
| London Whale Escapes $1.5 Million Fine as FCA Drops Case | -38 | 2015-07-09 00:00:00 | The Whale case came amid a host of financial scandals in 2013 as investigations into foreign-exchange rate rigging and interest-rate manipulation were under way. The FCA fine against JPMorgan -- 137.6 million pounds -- was its largest penalty of that year. The regulator has faced repeated challenges on the London Whale case after some bankers complained they were improperly identified in its report on the scandal without being given the chance to respond to the allegations. The U.K. Financial Conduct Authority has abandoned a proposed fine of about 1 million-pounds ($1.5 million) and an industry ban against the former JPMorgan Chase & Co. trader known as the London Whale. The FCA sent a letter to Bruno Iksil earlier this month notifying him the agency was dropping its investigation, without giving a reason. | JPM | {"Suzi Ring"} | 356 |
| Book Says JPMorgan Chase Knew What Madoff Was Up To, Turned A Blind Eye | -46 | 2016-04-17 12:04:22+00 | Photo: Mark Wilson/Getty Images“If you prosecute one or two ... that would have a ripple effect on Wall Street and it would clean up Wall Street. “On JPMadoff.com I have a roulette wheel which shows the $36 billion JPMorgan has paid in the last five years. “We need to elect a president who has the determination not to be bribed by Wall Street. Bankers Trust Co. spotted the illegal activity and closed Madoff’s account. And though the bank was prosecuted, none of the bankers involved with Madoff’s account were. | JPM | {} | 894 |
| U.S. pursuing criminal cases against RBS, JPMorgan executives: WSJ | -17 | 2015-11-18 00:24:12+00 | JPMorgan, RBS and Department of Justice declined to comment. REUTERS/Mike SegarFederal prosecutors are pursuing criminal cases against executives from the Royal Bank of Scotland Group (RBS.L) and JPMorgan Chase & Co (JPM.N) for allegedly selling flawed mortgage securities, the Wall Street Journal reported on Tuesday, citing unnamed sources. (on.wsj.com/1QKB76u)If filed, the charges would be among the first pursued against specific employees of the largest Wall Street firms over the housing collapse, the WSJ said. JPMorgan said in a filing in November that it was responding to an investigation by the DoJ's criminal division. Prosecutors are scrutinizing a $2.2 billion deal that repackaged home mortgages into bonds in 2007 at RBS and two people who worked on a different residential-mortgage deal at JPMorgan, the Journal said. | JPM | {"Reuters Editorial"} | 896 |
| FCA takes London Whale identification case to Supreme Court | -27 | 2016-10-13 16:52:55+00 | In a landmark case, the Financial Services Authority is challenging a lower court decision that it improperly identified Achilles Macris when it fined JPMorgan 138 million pounds over the so-called "London Whale" scandal in 2013. Individuals who are identified have a right to respond to the FCA before notices are published, can refer adverse comment to a tribunal and ask the FCA to disclose relevant material. [nL8N15O239]Bittar, along with five other former traders, faces a criminal trial next September over alleged conspiracy to manipulate Euribor interest rates. Some lawyers say the legal debate risks disrupting the regulatory process and limiting the FCA's scope to criticise companies. Macris, who has spent the last four years trying to clear his name, at the time called the fine a "major climbdown" by the FCA. | JPM | {"Kirstin Ridley"} | 370 |
| The American Fugitive From the JPMorgan Hack Turns Up in a Russian Cell | -44 | 2016-10-10 00:00:00 | Russian authorities declined the request and Aaron submitted an appeal that is still being reviewed, these people said. Russian ReciprocityAaron applied for a refugee status early June, according to court documents. Kelly Langmesser, a spokeswoman for the FBI in New York, said Aaron wasn’t presently in U.S. custody and declined to comment further. They used 75 companies and bank and brokerage accounts around the world to launder money, authorities allege. “Naturally, he is not alone, and his group most probably includes Russian citizens,” Sachkov said. | JPM | {"Stepan Kravchenko Michael Riley","Stepan Kravchenko","Michael Riley"} | 371 |
| JPMorgan and Citi hint at broader Wells Fargo woes | -10 | 2016-10-14 00:00:00 | JPMorgan and Citigroup are hinting at broader woes for Wells Fargo. As Wells Fargo Chief Executive Tim Sloan contends with the sham-accounts fiasco, he also will be tested by falling returns. Wall Street helped the two diversified mega-banks trounce third-quarter earnings expectations, while the more retail-focused of the trio just squeaked by. Wells Fargo lacks that buffer. Wells Fargo already had been hurting. | JPM | {"Any Opinions Expressed Here Are The Author's Own","Antony Currie","Antony Currie Has More Than A Decade Of Experience As A Financial Journalist Having Worked With Euromoney Since Most Recently As A U S Editor He Has Worked On Assignments In The Major Financial Centers Of Europe The U S Written Stories On Capital Markets Global Economies The Investment Banking Industry He Holds A Bachelor's Degree In German Language Literature A Master's Degree In Politics International Relations The University Of Bristol"} | 412 |
| JPMorgan, Citigroup Sued in London by Two Currency Traders | -17 | 2016-05-18 00:00:00 | Two more bankers joined a list of currency traders suing their employers in London following $10 billion in fines dished out by regulators in the wake of the foreign-exchange scandal. Bensenane is the fourth employee to take Citigroup to court after former traders Perry Stimpson, Carly McWilliams and Robert Hoodless sued. Regulators started investigating how traders were colluding to manipulate benchmark currency rates and profit at clients’ expense in June 2013. Nihel Bensenane, who still works in foreign-exchange sales at Citigroup Inc., is suing in a dispute over pay and sexual discrimination, the records state. Banks including Citigroup and JPMorgan paid billions in fines after conspiring to manipulate the price of U.S. dollars and euros. | JPM | {"Patrick Gower"} | 444 |
| Ex-JPMorgan, Citi FX sales employees sue banks | -10 | 2016-05-18 14:57:45+00 | Patrice Ktorza is scheduled to appear at the Stratford Employment Tribunal on June 1. Her case will begin on May 31, also at the Stratford Employment Tribunal. REUTERS/Reinhard KrauseLONDON A former London-based JPMorgan (JPM.N) foreign exchange sales person is suing the Wall Street bank for unfair dismissal, according to a court filing released on Wednesday. The J.P.Morgan logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. In a separate case, Nihel Bensenane, who still works in foreign exchange sales at Citi (C.N) based in London, is suing the bank for sexual discrimination and unequal pay, a court filing said. | JPM | {"Anjuli Davies"} | 445 |
| JPMorgan Says Libor Probes Ended in U.S., U.K. After EU Penalty | -7 | 2016-08-04 00:00:00 | JPMorgan Chase & Co. said U.S. and U.K. authorities ended probes into its activities involving Libor and other benchmark rates without issuing fines, allowing the American bank to escape the scandal lightly compared to other firms. JJPMorgan paid 80 million euros ($89 million) to the European Union’s antitrust unit in 2013 as part of a multi-firm settlement in relation to Yen Libor. Last year, Tom Hayes, a former UBS Group AG and Citigroup Inc., became the first trader to be jailed over the Libor scandal, and is serving an 11-year sentence in the U.K. for his part in rigging Yen Libor. The London interbank offered rate is the benchmark to value trillions of dollars in securities and loans. A spokeswoman for JPMorgan didn’t immediately return a call seeking comment. | JPM | {"Gaspard Sebag Suzi Ring","Suzi Ring","Gaspard Sebag"} | 548 |
| JPMorgan Makes Push for Debt-Restructuring Business in Brazil | -19 | 2016-09-21 00:00:00 | DIP Financing“Soon I realized that in Brazil it is more complicated to provide financing for distressed companies,” Pombo said. The bank, which previously provided upfront loans before underwriting the bonds for the company, declined to comment on Brazil restructuring work. International bond sales by Brazilian companies tumbled 82 percent to $7.8 billion in 2015, according to data compiled by Bloomberg. That was one incentive for Pombo, head of the global restructuring business at JPMorgan, to travel to Brazil last year to pitch the bank’s services. After all, restructuring advice isn’t what the New York-based bank is known for in Brazil. | JPM | {"Cristiane Lucchesi"} | 777 |
| U.S. to secure guilty plea in case tied to JPMorgan hack probe | -33 | 2016-10-26 16:39:29+00 | Anthony Murgio, Lebedev and Gross have pled not guilty. In the case of JPMorgan, prosecutors said records belonging to more than 83 million customers had been stolen. REUTERS/Mike Segar/FilesNEW YORK U.S. prosecutors are expected to obtain their second guilty plea in a case related to what they say was an illegal bitcoin exchange owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase & Co. The case is U.S. v. Murgio, U.S. District Court, Southern District of New York, No. A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. | JPM | {"Nate Raymond"} | 853 |
| JPMorgan Accused of Double Standard on Broker Poaching | -27 | 2016-06-29 00:00:00 | To read about a case in which JPMorgan accused a former employee of trying steal clients, click here. JPMorgan Chase & Co. is of two minds about poaching brokers: It can hire whomever it wants from competitors, but many of its own brokers are off-limits. Last year, six advisers left JPMorgan in Morristown, New Jersey, to join Morgan Stanley and invoked protocol protection. Three of the advisers told the arbitrators that JPMorgan had taken measures beyond the protocol to prevent them from taking their skills elsewhere. Although also registered with J.P. Morgan Securities, they’re paid a salary and bonus to service house clients, the bank says. | JPM | {"Neil Weinberg"} | 854 |
| JPMorgan's accused hackers had vast $100 million operation | -33 | 2015-11-10 00:00:00 | They made their riches this way -- one time scooping up $2 million in a single exit, federal documents say. The Justice Department announced Tuesday that three men indicted for separate crimes in July are behind the enormous JPMorgan hack. Investigators also claim Shalon ran an illegal online gambling operation, using hacks to ruin competitors. The JPMorgan hack was "the largest theft of customer data from a U.S. financial institution in history," according to the prosecutors. Law enforcement officials initially said the attacks came from hackers in Russia with loose ties to the Russian government. | JPM | {"Jose Pagliery"} | 890 |
| U.S. charges three in huge cyberfraud targeting JPMorgan, others | -53 | 2015-11-10 21:43:49+00 | The U.S. Securities and Exchange Commission previously filed civil charges against Shalon, Aaron and Orenstein. The cases are U.S. v. Shalon et al, U.S. District Court, Southern District of New York, No. JPMorgan on Tuesday confirmed that the latest charges relate to the 2014 attack, and said it continues to cooperate with law enforcement efforts to fight cybercrime. Prosecutors said the enterprise dated from 2007, and caused the exposure of personal information belonging to more than 100 million people. 15-cr-00769; and U.S. v. Shalon et al, U.S. District Court, Northern District of Georgia, No. | JPM | {"Nate Raymond","Jonathan Stempel"} | 892 |
| JPMorgan hackers hit Boston mutual fund and 13 other firms | -41 | 2015-11-10 00:00:00 | In its 2014 data breach — the largest financial hack in history — close to 76 million households and 83 million customers were affected over a two-month period. Other victims include "one of the world's largest financial services corporations, providing mutual fund" services in Boston. Prosecutors declined to name the firms targeted, but several companies came forward Tuesday to claim their part in the investigation, including JPMorgan, TD Ameritrade and online brokerage Scottrade. JPMorgan's customers, therefore, made up more than 80% of 100 million people who had their data stolen across the 15 firms. JPMorgan Chase spokeswoman Patricia Wexler confirmed that the bank was one of the 15 victims identified in the indictment, unsealed Tuesday. | JPM | {"Kaja Whitehouse","Est November","P M","Kevin Mccoy"} | 893 |
| ‘London Whale’ Case Leads to Fine for Former JPMorgan Executive | -48 | 2016-02-10 00:00:00 | has challenged his view in court, but was unsuccessful last year in its appeal of a court finding in favor of Mr. Macris. Federal prosecutors in Manhattan filed criminal charges in the case, not against the London whale himself, but against two of his colleagues. Mr. Macris, who oversaw Mr. Iksil and the two men criminally charged, faces no action from regulators or prosecutors in the United States. Mr. Macris has separately sued the authority, saying that he was improperly identified in the regulator’s notice when it fined JPMorgan in 2013. But the unit’s bad bet on credit derivatives in London cost the bank $6.2 billion in 2012. | JPM | {"Ben Protess"} | 354 |
| Ex-JPMorgan Executive Fined $1.1 Million Over `London Whale' | -37 | 2016-02-09 00:00:00 | QuickTake The London WhaleJPMorgan was fined 138 million pounds in 2013 after a trader nicknamed the London Whale incurred $6.2 billion in losses. Former JPMorgan Chase & Co. executive Achilles Macris was fined 792,900 pounds ($1.1 million) for failing to tell authorities about concerns he had with the bank’s activities in the “London Whale” case. The actual London Whale, former JPMorgan trader Bruno Iksil, escaped a 1 million-pound fine from the FCA entirely last year. "Two London courts have ruled in Macris’s favor in his fight with regulators, agreeing he was improperly identified in the JPMorgan settlement notice. Macris, the former head of the bank’s international chief investment office in London, was sanctioned for failing to inform regulators about concerns with a portfolio related to what became known as the London Whale trades, the Financial Conduct Authority said Tuesday. | JPM | {"Suzi Ring"} | 355 |
| JPMorgan, Citigroup Among Banks Sued in Aussie Rate-Fix Case | -27 | 2016-08-18 00:00:00 | Another defendant, Lloyds Banking Group Plc, said the case was without merit and would be vigorously opposed. “Defendants’ ultimate goal was to increase the profitability of their BBSW-based derivatives positions,” according to the claim. “ASIC’s ongoing investigation has already uncovered communications in which defendants openly conspire to fix BBSW and the prices of BBSW-based derivatives,” the document filed Aug. 16 said. JPMorgan Chase & Co., Citigroup Inc. and Morgan Stanley are among 16 banks being sued by funds in the U.S. for allegedly manipulating a key Australian interest rate benchmark to generate hundreds of millions of dollars in illicit profits. Spokesmen for JPMorgan, Morgan Stanley, Macquarie, Commonwealth Bank, BNP, Deutsche Bank, RBS, HSBC, UBS and ICAP declined to comment, while Tullett Prebon didn’t immediately respond to requests for comment. | JPM | {"Narayanan Somasundaram","Alfred Liu","Narayanan Somasundaram Alfred Liu"} | 432 |
| JPMorgan Criticized About Valuation of Complex Bonds It Sold | -34 | 2016-10-20 00:00:00 | Rule makers have been zeroing in on structured notes tied to complex, self-designed indexes in particular. Structured notes have grown increasingly attractive to mom-and-pop investors that are starved for income in a low-interest-rate environment. Many of the JPMorgan notes were sold without the bank having disclosed estimated values, according to the report. The consulting firm analyzed at least $253.7 million of one kind of structured note sold by JPMorgan between 2011 and 2014, and found that some were sold with inflated valuations. It has published research on structured notes in the Journal of Investing. | JPM | {"Carolina Wilson"} | 578 |
| JPMorgan Conducts ‘Deep Dive’ Review After Wells Fargo Lapse | -12 | 2016-10-14 00:00:00 | JPMorgan Chase & Co. is conducting a “deep dive” into its sales practices after rival Wells Fargo & Co. settled a probe into the opening of unauthorized accounts. Wells Fargo shares have lost 18 percent this year through Thursday. Wells Fargo said it fired 5,300 employees over fake accounts, and Lake said that JPMorgan has already taken action in instances of staff misbehavior. While JPMorgan found some lapses, the problem wasn’t “systemic,” Chief Financial Officer Marianne Lake said Friday in a conference call with journalists, adding that the review is ongoing. “When regulators start digging deep, they like to find things," Miller said in a Bloomberg Television interview Friday. | JPM | {"Jordyn Holman","Hugh Son","Hugh Son Jordyn Holman"} | 608 |
| Citigroup Said to Face $10 Billion Request in U.S. Talks | -31 | 2014-06-13 00:00:00 | Mortgage DebtMark Costiglio, a bank spokesman, and Brian Fallon, a Justice Department spokesman, declined to comment on the talks. Prosecutors also halted talks with the bank June 9 after it offered to pay more than $12 billion, short of the department’s $17 billion request, people familiar with the matter have said. Citigroup is among at least eight banks under investigation by the Justice Department for misleading investors about the quality of bonds backed by mortgages as housing prices plummeted. The Justice Department would consider an offer below what it has requested, according to the person. Citigroup shares fell 1.8 percent to $47.42 at 3:02 p.m. in New York, the worst performance in the 24-company KBW Bank Index. | JPM | {"Tom Schoenberg"} | 612 |
| Italy's Monte dei Paschi gets alternative rescue proposal from UBS | -15 | 2016-07-28 21:35:48+00 | A man walks in front of the Monte dei Paschi bank in Siena, central Italy, January 29, 2016. However, Monte dei Paschi has so far received interest from Citigroup, Bank of America, Deutsche Bank and Credit Suisse, the source said. Another source, speaking ahead of news of the alternative proposal by Passera and UBS, said Monte dei Paschi was expected to release the guidelines of its own rescue plan on Friday. REUTERS/Max RossiMILAN Italy's third-biggest lender, Monte dei Paschi di Siena, has received a last-minute rescue proposal by Swiss bank UBS, just hours before it is due to unveil its own bailout plan to meet regulators' concerns over its stability. The three sources said UBS had a role in the plan, which is an alternative to the one being put together by Monte dei Paschi and its advisers JPMorgan and Mediobanca. | JPM | {"Silvia Aloisi","Francesca Landini"} | 728 |
| Seven Banks Fined in Swiss Probes of Rate-Rigging Cartels | -29 | 2016-12-21 00:00:00 | Barclays Plc was fined 29.8 million francs while RBS and Societe Generale SA will pay 12.3 million francs and 3.25 million francs respectively. Switzerland handed out about $100 million in antitrust fines against seven U.S. and European banks for participating in cartels to manipulate widely used financial benchmarks. Libor and Euribor, the euro interbank offered rate, gauge banks’ estimated cost of borrowing over different periods of time. “RBS and JPMorgan tried to distort the normal course of the pricing of interest-rate derivatives denominated in Swiss franc,” the commission wrote. The Swiss commission announced 5.4 million francs in fines against three banks for conspiring to rig the bid-ask spread on Swiss franc interest-rate derivatives between May and September 2007. Credit Suisse Group AG must pay 2.04 million francs while JPMorgan was fined 2.6 million francs and RBS 856,000 francs. | JPM | {"Donal Griffin","More Stories Donal Griffin","Cindy Roberts","More Stories Cindy Roberts"} | 1067 |
| European Commission fines JPMorgan $360 million over interest rate manipulation | -23 | 2016-12-07 00:00:00 | JPMorgan faced the largest penalty, while Credit Agricole was fined €115 million ($123 million) and HSBC must pay €33 million ($35 million). Europe has fined JPMorgan Chase €337 million ($360 million) for manipulating a key interest rate. The European Commission on Wednesday announced €485 million ($520 million) in fines against three banks -- Credit Agricole (CRARY), HSBC (HSBC) and JPMorgan (JPM) -- that colluded in order to manipulate the Euro Interbank Offered Rate, or Euribor. JPMorgan denied manipulating the rate, which is used to determine interest rates on financial products around Europe. They paid fines of €820 million ($879 million) in total. | JPM | {"Ivana Kottasova"} | 1070 |
| JPMorgan Hit Hardest as EU Fines Euribor Trio $521 Million | -42 | 2016-12-07 00:00:00 | JPMorgan was fined 337.2 million euros, HSBC got a 33.6 million-euro penalty and Credit Agricole must pay 114.7 million euros. The EU fines were reduced earlier this year by 218 million euros after the EU slashed Societe Generale’s Euribor penalty due to a calculation mistake. JPMorgan Chase & Co., HSBC Holdings Plc and Credit Agricole SA were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a five-year investigation into the scandal. Libor and Euribor, the euro interbank offered rate, gauge banks’ estimated cost of borrowing over different periods of time. JPMorgan “did not engage in any wrongdoing with respect to the Euribor benchmark,” Jennifer Zuccarelli, a spokeswoman for the bank in London, said in a statement. | JPM | {"More Stories Gaspard Sebag","Gaspard Sebag"} | 1071 |
| EU fines Credit Agricole, HSBC, JPMorgan for Euribor fixing | -7 | 2016-12-07 00:00:00 | JP Morgan was fined 337 million euros, Credit Agricole 115 million euros and HSBC is being asked to pay 34 million euros. The European Commission has fined banks Credit Agricole, HSBC and JPMorgan Chase a total of 485 million euros ($520 million) for their part in a cartel to fix the price of financial benchmarks linked to the euro. Credit Agricole has said it will appeal the fine before European courts. "Banks, like all companies, have to respect EU competition rules and financial markets need to be competitive," she said Wednesday. Meanwhile, the European Commissioner for Competition, Margrethe Vestager, told a Brussels press conference that these latest fines send a clear message. | JPM | {"David Reid"} | 1072 |
| JPMorgan Agrees To Pay $264 Million Fine For 'Sons And Daughters' Hiring Program In China | -13 | 2016-11-17 00:00:00 | The hiring, dubbed internally as a "Sons & Daughters Program," enabled JPMorgan to win business that generated $100 million in revenues for the bank. Brockmeyer further adds no referral into the JPMorgan program was ever denied a job. But now America's largest bank by assets is set to pay a $264 million fine to settle claims that its hiring violated the Foreign Corrupt Practices Act (FCPA). On Thursday afternoon, JPMorgan agreed to pay $264 million to settle claims of FCPA violations with three regulators, split between a $130 million payment to the Securities and Exchange Commission, a $72 million fine to the Department of Justice, and a $61.9 million fine to the Federal Reserve. The program, operated for seven years, helped JPMorgan win business mandates in China and other parts of Asia. | JPM | {"Antoine Gara"} | 1075 |
| JPMorgan Chase to Pay $264 Million to Settle Foreign Bribery Case | -39 | 2016-11-18 00:00:00 | And at one point, some JPMorgan bankers concluded that they needed to escalate their hiring to better compete with their rivals. “The conduct was unacceptable.”Advertisement Continue reading the main story“We stopped the hiring program in 2013 and took action against the individuals involved,” Mr. Marchiony added. will assess the largest punishment, about $130 million of the overall $264 million settlement, while the Fed will impose a roughly $62 million penalty. But as the bank faced increased competition, and it expanded the program in 2009, senior JPMorgan bankers “institutionalized” the hiring, federal authorities say. The bank argued that the hiring of well-connected employees was routine in China, and that its own hires fell into a gray area of foreign bribery laws. | JPM | {"Alexandra Stevenson","Ben Protess"} | 1076 |
| JPMorgan hired kids of China's elite to win business, U.S. charges | -24 | 2016-11-17 00:00:00 | "JPMorgan Chase (JPM) improperly hired the "unqualified" children of China's ruling elite to win lucrative business from the country's key decision makers, authorities alleged on Thursday. Known as the FCPA, the law prohibits companies from making payments or giving "anything of value" to win business from foreign officials. Regulators slapped JPMorgan with $264 million in fines and said the bank "corruptly influenced government officials" with its hiring and internship tactics in China. JPMorgan admitted to authorities that individuals hired during the scheme were given the same titles and paid the same amount as entry-level investment bankers. Authorities say the hirings were quid pro quo arrangements expressly made with the intent to win business. | JPM | {"Matt Egan"} | 1077 |
| JPMorgan Chase to pay $264 million in fines for bribing foreign officials by hiring their friends and family | -18 | 2016-11-17 00:00:00 | We stopped the hiring program in 2013 and took action against the individuals involved,” JPMorgan said in a statement. The SEC will receive $130 million as part the settlement, the largest portion of JPMorgan’s $264 million in fines. JPMorgan Chase has agreed to pay $260 million in foreign bribery scheme. JPMorgan agreed to $264 million in fines to settle civil and criminal charges, an amount discounted in return for the bank’s cooperation with the investigations. The bank will pay the Justice Department $72 million and the Federal Reserve $62 million. | JPM | {"Renae Merle Covers White Collar Crime Wall Street For The Washington Post"} | 1078 |
| JPMorgan under scrutiny over hiring of Chinese minister's son-WSJ | -12 | 2015-02-06 21:53:37+00 | The hiring is under scrutiny from U.S. authorities who are investigating the Asian hiring practices of JPMorgan and other banks, the report said. The settlement may involve a fine and warrant an overhaul of the bank's hiring practices, the report said. Feb 6 JPMorgan Chase & Co is under federal scrutiny over hiring the son of China's current commerce minister, the Wall Street Journal reported, citing internal emails. The investment bank hired Gao Jue, son of Gao Hucheng, despite several issues including his poor performance in job interviews, the Journal reported. Gao Jue's name hasn't previously been reported in connection with the hiring probe, which JPMorgan disclosed in a 2013 regulatory filing. | JPM | {"Reuters Editorial"} | 206 |
| JPMorgan May Face New Scrutiny in China Hiring Case | -52 | 2016-09-23 00:00:00 | Indeed, before JPMorgan stepped up its hiring, bank employees lamented the loss of business to a rival bank with a more formal hiring effort. Once JPMorgan puts its China hiring settlement behind it, regulators will most likely turn to the hiring practices of other banks, including HSBC and Deutsche Bank. With the growth in guilty pleas and deferred-prosecution agreements on Wall Street, nonprosecution deals have become less common for Wall Street banks. For decades, Wall Street banks have sought to hire the sons and daughters of China’s elite — so-called princelings — potentially to curry favor. JPMorgan’s lawyers also urged prosecutors not to criminalize hiring practices — including something as simple as awarding an internship — that were common in the region. | JPM | {"Alexandra Stevenson","Ben Protess"} | 103 |
| Wells Fargo loses crown as most valuable U.S. bank | -8 | 2016-09-13 00:00:00 | "Related: Workers tell Wells Fargo horror storiesResponding to the uproar, Wells Fargo said on Tuesday it will stop setting sales goals effective January 1. Senator Richard Shelby, the chairman of the Senate banking committee, confirmed that the powerful committee plans to hold a hearing on the Wells Fargo scandal on September 20 and will invite Wells Fargo CEO John Stumpf to attend. Scandal-ridden Wells Fargo just lost its crown as America's most valuable bank. Wells Fargo has been embroiled in turmoil since federal regulators last week said the bank created more than two million phony bank and credit card accounts. "While Wells Fargo was America's most valuable commercial bank for years, it still trailed JPMorgan in terms of who controlled more assets. | JPM | {"Matt Egan"} | 105 |
| Petrobras denies hiring JPMorgan for subsalt license sales | -10 | 2015-02-27 13:11:13+00 | Petrobras also said JPMorgan did not have a mandate to map out potential investors interested in acquiring licenses for subsalt oil reserves currently held by Petrobras. In a securities filing, the state-controlled oil producer known as Petrobras reiterated the need to reduce capital investments, dispose of assets and step up divestitures to preserve cash. Subsalt refers to deep-sea oil resources off Brazil's coast, trapped beneath a layer of mineral salts under the seabed. On Wednesday, Reuters reported that Petrobras hired JPMorgan to advise on the sale of about $3 billion in assets, as fallout from a corruption scandal shut access to financing. Some of the assets included property and licenses outside the subsalt area. | JPM | {"Reuters Editorial"} | 141 |
| JPMorgan tops list of risky banks: government study | -7 | 2015-02-17 23:07:13+00 | The study's numerical score is a measure of a bank's risk as a ratio of the total risk contained by a worldwide group of banks. (Study: bit.ly/1E5MBc8)The OFR said the study reflected the views of the authors, not of the office or the Treasury Department. But size was not the only determining factor in measuring the risk in these banks, the study said. "Several of the largest banks scored high in systemic importance because they dominate specific businesses, such as payments and asset custody services," the study said. Bank of America Corp was third at 3.06 percent, followed by Morgan Stanley and Goldman Sachs Group Inc, the study showed. | JPM | {"Douwe Miedema"} | 198 |
| JPMorgan's new approach to probing suspect transactions sparks internal friction | -33 | 2015-02-12 12:43:58+00 | "But it has created friction with some current and former JPMorgan managers who have more of a traditional law enforcement background and are used to doing their own in-depth probes of transactions. Some like Robinette are unhappy, while others are leaving because JPMorgan has closed offices, the former employees said. A senior compliance official at a rival bank called it the most severe "bloodletting" of AML executives the industry has seen. A spokesman for the OCC, Bryan Hubbard, and Wexler declined comment on the bank's relationship with regulators. That agreement leaves the bank susceptible to criminal prosecution until 2016 in the event of further such lapses. | JPM | {"Reuters Editorial"} | 209 |
| JPMorgan to pay $99.5 million to resolve currency rigging lawsuit | -23 | 2015-01-31 16:35:54+00 | In an affidavit, Feinberg called the JPMorgan settlement fair, reasonable and adequate. The JPMorgan settlement could form a basis for other settlements. REUTERS/Mike SegarNEW YORK JPMorgan Chase & Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Lawyers for the plaintiffs, led by Hausfeld LLP and Scott & Scott, plan to seek legal fees of up to 30 percent of the settlement funds, court papers show. "Although such analysis is preliminary, it does appear to be consistent with Class Lead Counsel's evaluation of JPMorgan's role in the FX market and JPMorgan's market share over the class period (6%)," he said. | JPM | {"Jonathan Stempel"} | 215 |
| UPDATE 1-Big U.S. bank branches affected by snow close early | -10 | 2015-01-26 19:22:42+00 | (Adds information on Citigroup branches)NEW YORK Jan 26 JPMorgan Chase & Co, Bank of America Corp, Wells Fargo & Co and Citigroup Inc are closing branches early in areas affected by a snow storm that is expected to dump feet of snow across the East Coast of the U.S. Here is what the banks said:* JPMorgan closing about 1,000 branches early in New York area due to weather-spokesman* JPMorgan to close New York City area branches at 3 p.m. Monday and keep closed through Tuesday-spokesman* Some JPMorgan branches in Long Island were closed earlier due to state of emergency declarations-spokesman* Bank of America is closing branches in New York City's snow-affected regions by 4 p.m. on Monday* Bank of America is closing Long Island branches at 3 p.m. on Monday due to snow-spokesman* Bank of America branches in Connecticut and New Jersey may need to close earlier as well-spokesman* Wells Fargo is also closing 150 branches in New York and Connecticut at 4 p.m. Monday-spokesman* Wells Fargo plans to keep affected branches closed through Tuesday due to snow-spokesman* Citigroup will close New York City area branches at 3 p.m. on Monday, will reopen on Tuesday-spokesperson* Citigroup closing Boston-area branches early Monday and will keep them closed Tuesday-spokesperson (Reporting by David Henry and Peter Rudegeair; writing by Lauren Tara LaCapra) | JPM | {"Reuters Editorial"} | 222 |