The settlement stems from a S.E.C. inquiry into two complex mortgage securities that the bank's Merrill Lynch division sold before the financial crisis.
Audit Notes: Jamie Dimon's doings, WSJ on Elizabeth Warren
The New York Times reports on page one today that the Justice Department will bring a "criminal action" against Jamie Dimon's fraud-ridden JPMorgan Chase. What is this criminal action? A big ($2 billion) fine and a deferred-prosecution agreement, which is where the defendant promises not to commit t
Journalists rightly seek to tell compelling stories, which can bring abstract or dry topics to life, but the need to create a compelling narrative can be dangerous in politics. As we've seen in recent weeks, the focus on storytelling over analytical precision pulls the media toward overstated claims
Resources for investigative reporters are increasingly thin on the ground. Which is why technologist Israel Mirsky created Uncoverage, a new platform that allows people to support stories on topics they care about. Journalists craft pitches for the site and members of the public can choose to sponso
Keith Kelly of the New York Post reports some inauspicious news for the soon-to-be-spun-off Time Inc. Kelly reports Time Warner is considering saddling the publishing spinoff with $1.5 billion worth of debt and a $90 million annual debt payment. This is worse: At the Monday management meeting, Time
Bernanke mentor could be Fed's next No. 2
Stanley Fischer is the leading candidate to be the Fed's vice chair.