1 Billion In Fines? No Problem Says JP Morgan
September 22, 2013
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4:24Now Playing1 Billion In Fines? No Problem Says JP Morgan
YouTube Description
as posted by the channel"In agreements with regulators totaling $1 billion and made public on Thursday, the nation's biggest bank settled four civil investigations into its "London Whale" trading scandal and two more into the wrongful billing of credit-card customers.
The deals, which involve five authorities from the United States and one from the UK, are a milestone in the company's push to clean up its legal affairs but leave JPMorgan exposed to additional costs and embarrassment."* The Young Turks hosts Cenk Uygur breaks it down.
*Read more here from David Henry, Emily Flitter / Business Insider:
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