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Traders who made calamitous bets on corporate debt have cost JPMorgan Chase nearly $6 billion so far. The bank announced the losses on Friday but said the firm still managed to earn $5 billion in the second quarter. But the impact of the trading loss goes far beyond the bottom line.

JPMorgan Chase has agreed to pay regulators more than $900 million in fines over last year's London Whale trading fiasco. A handful of rogue traders at the bank lost more than $6 billion in a bad derivatives trading strategy. The traders then concealed the losses from senior executives for weeks. JPMorgan also formally admitted wrongdoing in the settlement with four different regulators.

Thousands of federal inmates are being released because of a change in the way the U.S. government sentences drug criminals, but few are going straight from prison to freedom.

The first day of former President Donald Trump's second impeachment trial began with a dramatic video of Jan. 6, as Trump's lawyers argued the Senate has no jurisdiction to take up the case.

Former U.S. President Donald Trump is facing a multitude of legal challenges. What's the status of those investigations?

Former U.S. President Donald Trump is facing a multitude of legal challenges. What's the status of those investigations?

The U.S. Geological Survey reported a 6.8 magnitude earthquake centered just off the Pacific Coast, about 50 miles south of Guayaquil, Ecuador's second-largest city.

Boeing said Monday it made a “best and final offer” to striking machinists, but the workers' union said the proposal isn't good enough and there won't be a ratification vote before Boeing's deadline.

Parts of "The Big Apple" could see at least 6 inches of snow, while somewhere between 8 inches to a foot could fall in Boston. Public schools in both cities will be closed Tuesday.

German Catholics are facing a stark choice: Pay a church tax or forget about receiving the sacraments, including baptisms, weddings and funerals. Germany taxes registered Catholics, Protestants and Jews. In 2011, the tax raised $6.5 billion for the Catholic Church alone. Many progressives and conservatives are up in arms over the German bishops' decree.