JPMorgan Chase
Largest bank in the United States by assets
- Entries
- 13
- On the record
- 5
- Stories
- 2
- Latest entry
- Nov 5, 2026
The record
JPMorgan Chase & Co. took its current form on December 31, 2000, when J.P. Morgan & Co. merged into The Chase Manhattan Corporation, which renamed itself J.P. Morgan Chase & Co. Jamie Dimon became chief executive at the end of 2005. Beyond the Frank acquisition and the Epstein litigation covered in the stories on this file, the bank's record is largely one of government-brokered acquisitions and settlements with U.S. prosecutors and regulators.
In 2008 it absorbed two failing institutions. The Federal Reserve Bank of New York lent about $29 billion to Maiden Lane LLC, a vehicle that bought Bear Stearns assets JPMorgan was uneasy about absorbing, clearing the way for that merger. In September the bank took over Washington Mutual's banking operations from the FDIC for a payment of about $1.9 billion. In May 2023 the FDIC chose JPMorgan to take all deposits and substantially all assets of the failed First Republic Bank.
Its enforcement record includes admissions. It admitted the facts behind the SEC's 2013 charges over its chief investment office, acknowledged anti-money-laundering failures linked to Bernard Madoff in a 2014 deferred prosecution agreement, pleaded guilty in 2015 to an antitrust violation in currency trading, and in 2020 admitted to manipulating precious metals and Treasuries markets under a $920 million resolution. In 2024 the Federal Reserve and the OCC imposed penalties totaling about $348.2 million over gaps in its trade surveillance.
Roles and honours on the record
- 2000 Formed when J.P. Morgan & Co. merged into The Chase Manhattan Corporation, renamed J.P. Morgan Chase & Co. source
- 2005 Jamie Dimon became chief executive officer, succeeding William Harrison, effective December 31, 2005 source
- 2008 Acquirer of Bear Stearns, with Federal Reserve Bank of New York financing through Maiden Lane LLC source
- 2008 Acquirer of the deposits, assets and certain liabilities of Washington Mutual's banking operations from the FDIC source
- 2023 Acquirer of all deposits and substantially all assets of First Republic Bank from FDIC receivership source
Every entry, newest first
- Reported
New York Post, citing CNBC, reports Senate Finance Democrats plan to scrutinize the bank's Epstein handling. Senate Democrats plan JPMorgan-Epstein probe, report says
- Filed
JPMorgan sued Javice and Amar in Delaware federal court, saying Frank had fewer than 300,000 customers, not 4.265 million. Charlie Javice gets 85 months; JPMorgan paid $175M for Frank
Stories in this file
Business ยท ๐ฆ Senate Democrats plan JPMorgan-Epstein probe, report says
Finance Democrats reportedly eye the bank's Epstein ties after $290M and $75M settlements. JPMorgan says it regrets any association. ๐ฃ๏ธ
Money ยท ๐ Charlie Javice gets 85 months; JPMorgan paid $175M for Frank
She owes $287.5M in restitution. Javice says she accepts the verdict, but the judge said she never admitted a crime. ๐ฃ๏ธ
The record, entry by entry
- 2000-12-31 Official J.P. Morgan & Co. Incorporated merged with and into The Chase Manhattan Corporation, which on completion changed its name to J.P. Morgan Chase & Co. J.P. Morgan Chase & Co., Form 10-K for 2002, SEC filing
- 2005-12-31 Official James Dimon succeeded William Harrison as chief executive officer, the company reported in a Form 8-K filed with the SEC. J.P. Morgan Chase & Co., Form 8-K, SEC filing
- 2008-03-16 Official Bear Stearns accepted a merger offer from JPMorgan Chase, the only viable bidder. The New York Fed lent about $29 billion to Maiden Lane LLC to buy roughly $30 billion of Bear Stearns assets, and JPMorgan lent roughly $1 billion more. Federal Reserve Board, Bear Stearns, JPMorgan Chase and Maiden Lane LLC
- 2008-09-25 Official JPMorgan Chase acquired the deposits, assets and certain liabilities of Washington Mutual's banking operations from the FDIC, agreeing to pay about $1.9 billion. Washington Mutual had $181.9 billion in deposits and 2,207 branches. JPMorgan Chase press release, filed with the SEC
- 2013-09-19 Admitted JPMorgan agreed to pay a $200 million SEC penalty and admitted the facts underlying the SEC's charges, which faulted its internal controls after two traders in its chief investment office allegedly overvalued a portfolio to hide losses. Penalties across the SEC and three other agencies totaled about $920 million. U.S. Securities and Exchange Commission, press release 2013-187
- 2013-11-19 Reported The Justice Department announced a record $13 billion settlement with JPMorgan over alleged misconduct tied to mortgages and mortgage-backed bonds, including $4 billion in consumer relief. The department said the deal did not absolve the bank or its employees of possible criminal charges. NPR report (KPBS copy)
- 2014-01-07 Admitted JPMorgan agreed to pay $1.7 billion under a deferred prosecution agreement, acknowledging failures in its protections against money laundering linked to Bernard Madoff's fraud. No individual executives were accused of wrongdoing, AP reported. Associated Press report (Washington Times copy)
- 2015-05-20 Admitted JPMorgan Chase agreed to plead guilty to a single antitrust violation over foreign exchange trading and pay a $550 million fine to the Justice Department, plus a $342 million Federal Reserve fine. It said the conduct was principally attributable to one trader, since dismissed. JPMorgan Chase press release, Form 8-K exhibit 99.1, SEC filing
- 2020-09-29 Admitted JPMorgan admitted manipulating the markets for precious metals and U.S. Treasuries over eight years through spoofing and agreed to pay $920 million under a three-year deferred prosecution agreement, CBS News reported. CBS News report
- 2023-05-01 Official California regulators closed First Republic Bank and named the FDIC receiver, and JPMorgan Chase Bank agreed to assume all of its deposits and substantially all of its assets. The FDIC estimated the cost to its Deposit Insurance Fund at about $13 billion. FDIC press release PR-34-2023
- 2024-03-14 Official The Federal Reserve fined JPMorgan Chase about $98.2 million for a trading surveillance program that was not adequate to detect market misconduct between 2014 and 2023. Combined with a parallel OCC action, the penalties totaled about $348.2 million. Federal Reserve Board, enforcement press release
Documents
- SEC press release 2013-187 on the chief investment office charges (Sept. 19, 2013)
- JPMorgan Chase release on the foreign exchange guilty plea, Form 8-K exhibit (May 20, 2015)
- FDIC release on First Republic Bank and JPMorgan Chase Bank (May 1, 2023)
- Federal Reserve enforcement action on trade surveillance (March 14, 2024)
- Federal Reserve Board summary of the Bear Stearns and Maiden Lane LLC transactions