August 22, 2014 10:17 AM ET

Thrifts and Mortgage Finance

Company Overview of JPMorgan Chase Bank, National Association

Company Overview

JPMorgan Chase Bank, National Association provides a range of banking services to the corporate, institutional, and governmental clients in the United States and internationally. It offers consumer loans, such as residential mortgages, home equity loans and lines of credit, auto loans, business banking loans, and student and other loans; and equity loans secured by junior liens, prime mortgage loans, and payment option loans. The company also provides credit card loans; and wholesale loans to various customers, such as corporate and institutional clients, and high-net-worth individuals. In addition, the company offers checking accounts; saving accounts and certificates of deposit; investment...

1111 Polaris Parkway

Columbus, OH 43240

United States

Key Executives for JPMorgan Chase Bank, National Association

Chairman of JPMorgan Chase & Co and Chief Executive Officer of JPMorgan Chase & Co
Age: 57
Market President
Market Manager of Commercial Banking
Tokyo Branch Manager
Senior Vice President
Compensation as of Fiscal Year 2014.

JPMorgan Chase Bank, National Association Key Developments

Chase's Mortgage Banking Presents at 2014 AREAA Global and Luxury Summit, Apr-14-2014 03:15 PM

Chase's Mortgage Banking Presents at 2014 AREAA Global and Luxury Summit, Apr-14-2014 03:15 PM. Venue: Waldorf Astoria Hotel, New York, New York, United States. Speakers: Lesley Corydon.

FDIC Launches LIBOR Suit on Behalf of 38 Failed Banks

The FDIC filed a lawsuit against several of the banks and the British Banker's Association, accusing them of 'systematic' LIBOR manipulation and suppression. The agency seeks to recover the 'substantial losses' 38 failed banks sustained as a result of the defendants' alleged wrongful conduct. The list of plaintiffs in a March 14 complaint filed with the U.S. District Court for the Southern District of New York includes 38 failed banks. The FDIC as receiver for the closed banks seeks to recover the 'substantial losses' these institutions sustained as a result of the defendants' 'wrongful conduct.' The complaint states that the British Bankers' Association touted LIBOR as a simple, transparent benchmark calculated from competitive interest rates in the market for unsecured interbank loans. However, the FDIC alleges that during August 2007 to at least mid-2011, the bank defendants 'fraudulently and collusively suppressed USD LIBOR' to their own advantage. The FDIC claims that the BBA participated in the scheme to protect the revenue stream it generated from selling LIBOR licenses, and to appease the bank defendants who were on the LIBOR panel and were members of the BBA. Among the U.S.-based bank defendants named in the case is Bank of America Corp. and subsidiaries including Bank of America NA and Merrill Lynch & Co. Inc. The complaint also names Citigroup Inc. and subsidiaries Citibank NA and Citigroup Financial Products Inc., as well as JPMorgan Chase & Co. and several subsidiaries, including JPMorgan Chase Bank NA and Bear Stearns Capital Markets Inc. Europe-based defendants include Barclays Plc, Rabobank Nederland, Credit Suisse Group AG, Deutsche Bank AG, Portigon AG, WestLB AG, Royal Bank of Scotland Group Plc, Société Générale SA and UBS AG. HSBC Holdings Plc, U.S.-based unit HSBC Bank USA NA and Hong Kong-based subsidiary Hongkong & Shanghai Banking Corp. Ltd. are also on the list of defendants, as are Lloyds Banking Group Plc, Lloyds TSB Bank Plc and HBOS Plc. Canada's Royal Bank of Canada is named as a defendant. Defendants based in Asia include Norinchukin Bank and Bank of Tokyo-Mitsubishi UFJ Ltd. The FDIC is seeking full damages for all the economic, monetary, actual, consequential and compensatory damages that the closed banks suffered as a result of the defendants' wrongful conduct.

JPMorgan Chase Bank, National Association Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013

JPMorgan Chase Bank, National Association announced unaudited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported total net revenue of $71,650 million against $71,670 million a year ago. Income before income tax expense was $22,672 million against $18,237 million a year ago. Net income was $15,438 million against $13,955 million a year ago. Net cash provided by operating activities was $91,604 million compared to $34,313 million a year ago.

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