Tag Archives: JP Morgan
JPMorgan Banksters admit “groundbreaking” wrongdoing
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. http://dealbook.nytimes.com/2013/09/16/jpmorgan-set-to-pay-fines-for-whale-trading-losses/?emc=eta1 The settlements, expected this week, will help the nation’s biggest bank move beyond last year’s $6 billion […]
Spanish police arrest JPMorgan bankster
Spanish police say they have arrested a former JPMorgan Chase trader wanted for allegedly falsifying bank records to cover up $6 billion in trading losses. http://www.nytimes.com/2013/08/28/business/former-jpmorgan-employee-arrested-in-spain.html?hp&_r=0 A statement said that Javier Martin-Artajo, 49, was arrested Tuesday after he presented himself at a police station in Madrid. U.S. prosecutors earlier this month filed criminal charges against […]
Banksters JPMorgan investigated for bribery
Federal authorities have opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business. The Foreign Corrupt Practices Act, is a 1977 federal law that bans United States companies from giving “anything of value” to a foreign official to win “an improper advantage” in […]
Banksters JPMorgan faces criminal and civil investigations
JPMorgan Chase disclosed on Wednesday that it faced a criminal and civil investigation into whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis. The civil investigation found JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007. http://dealbook.nytimes.com/2013/08/07/jpmorgan-reveals-it-faces-civil-and-criminal-inquiries/?emc=eta1 The parallel criminal inquiry, according to […]
JPMorgan banksters to settle in price manipulation scheme
JPMorgan Chase, the Wall Street giant whose reputation in Washington has eroded in a matter of months, is now moving to avert a showdown over accusations that it manipulated energy prices. http://dealbook.nytimes.com/2013/07/17/jpmorgan-in-talks-to-settle-energy-manipulation-case-for-500-million/?hp The nation’s largest bank is seeking to settle with the federal agency that oversees the energy markets. The regulator, the Federal Energy Regulatory […]
Banksters screw mortgage fraud recipients
Mortgage relief recipients are met with “insufficient funds” when trying to cash a long-awaited check from the same banks that foreclosed on them. http://dealbook.nytimes.com/2013/04/17/victims-of-foreclosure-abuses-face-another-woe-bounced-checks/?hp Many struggling homeowners got exactly that this week when they lined up to take their cut of a $3.6 billion settlement with the nation’s largest banks — lenders accused of wrongful […]
Banksters JP Morgan lie to investigators
JPMorgan Chase, the nation’s biggest bank, ignored internal controls and manipulated documents as it racked up trading losses last year, while its influential chief executive withheld some information from regulators. http://dealbook.nytimes.com/2013/03/14/jpmorgan-faulted-on-controls-and-disclosure-in-trading-loss/?hp The multibillion-dollar trading blunder claimed the jobs of several top executives and prompted an inquiry by the Federal Bureau of Investigation. The 300-page report, […]
Dirty Babylon 