Tag Archive

EU fines first U.S. banks in rate rigging scandal

Published on December 4, 2013 By admin

The following article is brought to you by Danielle Douglas at WashingtonPost.Com JPMorgan Chase and Citigroup have become the first U.S. banks fined for the alleged manipulation of benchmark interest rates that affect hundreds of billions of dollars in contracts around the world. On Wednesday, the European Commission slapped six financial giants, including Deutsche Bank, […]

Additional legal costs for big banks could top $100 billion

Published on November 29, 2013 By admin

The following article is brought to you by Chris Isidore at CNNMoney.Com U.S. banks might still be on the hook for more than $100 billion in additional fines and legal costs over bad mortgage loans sold during the financial crisis, according to a new estimate from credit rating agency Standard & Poor’s. But despite that […]

JPMorgan settlement could pose legal risk

Published on November 29, 2013 By admin

The following article is brought to you by Kevin McCoy at USA Today, found at GreenBayPressGazette.Com The admissions JPMorgan Chase agreed to under its record $13 billion settlement with the Department of Justice could represent a new legal liability in ongoing litigation faced by the nation’s largest bank. According to the statement of facts, unidentified […]

Where Does JPMorgan’s $13 Billion Go?

Published on November 22, 2013 By admin

The following article is brought to you by BEN PROTESS AND JESSICA SILVER-GREENBERG at NYTimes.Com They were some of the biggest losers in the 2008 financial crisis: Fannie Mae and Freddie Mac, federal taxpayers, state pension funds, credit unions and, of course, homeowners. But their fortunes turned somewhat on Tuesday, when they ended up on […]

Jamie Dimon’s Cameos in Fannie-Freddie Lawsuit

Published on October 23, 2013 By admin

The following article is brought to you by Jonathan Weil at Bloomberg.Com Now that JPMorgan Chase & Co. and the Federal Housing Finance Agency are on the verge of a $4 billion settlement, it’s worth revisiting the occasionally prominent role that Jamie Dimon played in the complaint against the company by the government conservator for […]