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The $25 billion multistate mortgage settlement requires banks to conduct an extensive review of foreclosures against military borrowers, and could cost millions more in compensation.
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JPMorgan Chase, in response to embarrassing revelations that it failed to enforce a law protecting military members from foreclosure and high-cost credit, announced several changes ...
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Old National Bancorp in Evansville, Ind., has named National Guard officer Katherine White to its board.
August 19
JPMorgan Chase has named retired Army Gen. Raymond Odierno senior adviser to the company on international relations, cybersecurity, leadership development and other issues.
The 60-year-old Odierno, a former Army chief of staff and commanding general of U.S. forces in the Iraq war, starts at JPMorgan on Sept. 1. Odierno retired from the Army this month.
"His experience, vision and impressive track record of success when confronting overwhelming challenges will provide significant value" to JPMorgan, Chairman and Chief Executive Jamie Dimon said in a news release Thursday.
Odierno and Dimon were not available for comment.
JPMorgan was one of five banks that reached a
More recently, JPMorgan was victimized by a
Odierno will advise JPMorgan "on a broad range of issues including international planning and country risk analysis, technology, operations and the rapidly evolving issues of physical and cybersecurity." Odierno will also help structure JPMorgan's leadership development program.
