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NYT: JPMorgan Faces Multiple Criminal Investigations
Jamie will meet with prosecutors later this month. At least 8 federal agencies are investigating the bank.
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JPMorgan Faces Full-Court Press of Federal Investigations
NYT Dealbook
As the nation’s strongest bank, JPMorgan Chase used to be known for carrying special sway with regulators. Now it increasingly finds itself in the cross hairs of federal authorities.
At least two board members are worried about the mounting problems, and some top executives fear that the bank’s relationships in Washington have frayed as JPMorgan becomes a focus of federal investigations.
In a previously undisclosed case, prosecutors are examining whether JPMorgan failed to fully alert authorities to suspicions about Bernard L. Madoff, according to several people with direct knowledge of the matter.
And nearly a year after reporting a multibillion-dollar trading loss, JPMorgan is facing a criminal inquiry over whether it lied to investors and regulators about the risky wagers, a case that could accelerate when the Federal Bureau of Investigation and other authorities interview top JPMorgan executives in coming weeks.
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
2013-04-02 05:52:24
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