Just 31% of the bank's shareholders supported the pay packages for CEO Dimon and other company executives.
Voya Investment Management will add about $120 billion of assets under management as well as some investment teams.
The agreement calls for the firm to forfeit $463 million and pay $3.2 billion in restitution to victims of the fraud as well as a $2.3 billion penalty.
Berkshire Hathaway reported new stakes in banking giant Citigroup Inc. and in auto lender Ally Financial Inc.
A mass exodus of money, an $11 trillion wipeout, and the worst losing streak for global stocks since the 2008 financial crisis. The bad news is that it may not be over yet.
The crash in cryptocurrencies could accelerate an investor stampede to safer asset classes.
SEC Chairman Gary Gensler warns that the products “can pose risks even to sophisticated investors, and can potentially create systemwide risks by operating in unanticipated ways."
CFTC Chairman Rostin Behnam says his agency would be a tough regulator for crypto market.
The collapse of Archegos Capital Management shows a need to rethink some of the agency’s rules, Rostin Behnam says.
The firm, which was the second-biggest underwriter of special purpose acquisition companies last year, has been telling sponsors of the vehicles it will end its involvement, sources said.
