Recent events
Recent events tied to this brand in public sources.
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2022
Houston doctor sues Chase over alleged denial of service
Dr. Malika Mitchell-Stewart sued JPMorgan Chase Bank and its First Colony branch, alleging that she was denied service and discriminated against because of her skin color. The lawsuit alleges that employees treated her like a criminal after she presented a check.
2022
Doctor sues Chase over alleged racial discrimination
Dr. Malika Mitchell-Stewart filed a lawsuit against JPMorgan Chase Bank, alleging that employees at a Houston-area branch discriminated against her and denied her service because of her race. The article reports that Chase apologized and said it was investigating the situation; no court determination is reported.
2021
Chase reverses credit-card cancellation and apologizes for an error
Chase said a letter notifying a customer that her credit cards would be closed was sent by mistake. The bank said it contacted the customer to acknowledge the error and apologized; the article reports that Chase walked back the cancellation.
2021
JCET completes RMB 5 billion private placement
JCET Group announced that it had completed a capital raising of approximately RMB 5 billion through a private placement.
2021
VatPay and Chase Bank partner on payments
Cotek Systems Inc., the company behind VatPay, partnered with Chase Bank to create VatPay Payments; the new payment gateway is backed by Chase Bank.
2020
HDBank receives international payment service awards
HDBank received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.
2020
JPMorgan Chase Bank agrees to $250 million penalty over internal controls
JPMorgan Chase Bank, a unit of JPMorgan Chase & Co., agreed to pay a $250 million penalty over failures to maintain adequate internal controls and internal audit over its fiduciary business. The OCC said the deficiencies constituted unsafe or unsound practices and that the bank had remediated them.
2020
OCC fines JPMorgan Chase $250 million
The Office of the Comptroller of the Currency fined JPMorgan Chase Bank $250 million, finding deficiencies in controls and risk management in its fiduciary business. The regulator said the bank had since remediated the problem.
2019
Forever 21 receives $350 million in new capital
Forever 21 received $350 million in new capital: JPMorgan Chase Bank led a $275 million injection, and TPG Sixth Street Partners and affiliated funds added $75 million. The company said the financing would support changes intended to revitalize the brand and fuel growth.