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JPMorgan Agrees to London Whale Fines, Said to Admit Fault

JPMorgan Agrees to London Whale Fines, Said to Admit Fault JPMorgan Chase has agreed to pay about $800 million to a host of government agencies in Washington and London — and make a groundbreaking admission of wrongdoing — to settle allegations stemming from a multibillion-dollar trading loss, people briefed on the …

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Too Big To Fail Banks Now Bigger Than Ever Before

Too Big To Fail Banks Now Bigger Than Ever Before There was a time when the public needed to only protect themselves and their interests from the mafia, but now times have seriously changed. We now not only need to protect ourselves from the mafia, but also protect the “Mafia” …

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U.S. Justice Department Preparing To Sue JPMorgan

U.S. Justice Department Preparing To Sue JPMorgan The U.S. Justice Department is preparing to sue JPMorgan Chase Co (JPM) over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank’s legal troubles are not yet over. A lawsuit, first reported by Reuters, could come as …

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JPMorgan’s Mortgage Settlement May Reach $20 Billion

JPMorgan’s Mortgage Settlement May Reach $20 Billion It just has not been JPMorgan’s year. The firm which in the early years after the Lehman collapse was happy basking in the shadow of Goldman and Lloyd Blankein, as the squid took the bulk of the public fury, is now getting the …

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JPMorgan Urged to Pay More in Mortgage Deal

JPMorgan Urged to Pay More in Mortgage Deal The Justice Department is moving closer to striking a multibillion-dollar settlement with JPMorgan Chase over questionable mortgage practices, after authorities urged the bank to raise its offer and the bank’s chief executive took the rare step of meeting with Attorney General Eric H. …

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From Corporate Giants to Main Street, Fraud is on the Rise

The report estimates the typical organization loses five percent of its revenue each year to fraud. That would work out to a global impact of $3.7 trillion, the report says. But as staggering as the figure might seem, Poumpouras says she is not surprised. “There are so many more cases …

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