Jamie Dimon, CEO of JPMorgan Chase (Steve Jurvetson on Flickr)
18 Nov 2015

JPMorgan Facing Criminal Probe For Pre-Crash Mortgage Securities Fraud

On Tuesday, WSJ reported JPMorgan and RBS are facing criminal probes for selling fraudulent mortgage-backed securities that led to the 08 crash.

JPMorgan Chase World Headquarters in New York (Michael Premo on Flickr)
12 Oct 2015

Former JPMorgan Vice President Alleges Money Laundering Cover-Up

Last Friday, JPMorgan successfully got a whistleblower lawsuit from former VP Jennifer Sharkey tossed out of federal court.

1 Wall Street, the Bank of New York Buidling By Jim in Times Square (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
01 Sep 2015

BNY Mellon Bank Settles Corruption Charges Over Hiring Foreign Officials’ Relatives

On August 18, the SEC announced that the Bank of New York Mellon Corporation (BNY Mellon) agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), when the bank gave out highly sought-after student internships to the relatives of foreign government officials in

File: A close up of a credit card, showing part of the number. (Flickr / Ed Ivanushkin)
04 Aug 2015

JPMorgan And Citigroup Pay Over $800 Million For Credit Card Crimes

Fraudulent paperwork, cheated counterparties, robosigning — no it’s not the housing crisis again. This time the crimes are related to the Too Big To Fail/Jail banks’ conduct with credit cards. Both JPMorgan and Citigroup have now reached settlements with the government related to their criminal credit card practices.