This would make a great “Based on a True Story” movie. I’d call it The Corrupted Enablers.
HuffPO-
$16 billion.
That’s how much JPMorgan Chase has paid in fines, settlements and other litigation expenses in the last four years alone.
More than half of that amount, $8.5 billion, was paid out in fines and settlements as the result of illegal actions taken by bank executives.
$8.5 billion is almost 12 percent of the net income the mega-bank brought in during the same period.
High Overhead
These figures comes from “JPMorgan Chase: Out of Control,” an impressive analysis of the bank’s performance by Joshua Rosner, an investment analyst at GrahamFisher.And there’s more. Since Rosner published his report only last week, JPMorgan Chase has settled another dispute.
This latest agreement is with the trustee for customers of fraudulent investment firm MF Global.
image: REUTERS
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
