31 Dec 2016

The One Who Never Got Away: Trader Vincent McCrudden’s Relentless Reckoning

In the wreckage of the 2008 financial crisis many Americans looked for someone to blame. The official explanations came in waves. First there was the “these things just happen” story. It was essentially what Wall Street and Corporate America wanted people to believe, which the mainstream media (owned by them)

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05 Dec 2016

Wall Street Doesn’t Believe Donald Trump Will Push His Platform

Wall Street doesn’t believe Trump is going to actually deliver on his promises, that the platform was bullshit, and that no bank breakup is coming

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JPMorgan CEO Jamie Dimon at the Fortune Global Forum in 2013. Photo by Fortune Live Media.
23 Nov 2016

JPMorgan Pays $264 Million Fine For Bribing Chinese Officials

The latest payment of $264 million comes after JPMorgan hired the relatives of Chinese government officials to win business in China.

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Jamie Dimon, CEO of JPMorgan Chase (Remixed photo, based on Dimon photo by Steve Jurvetson on Flickr)
29 Jan 2016

JPMorgan Pays Billions To Settle With Ambac, Lehman Brothers

JPMorgan is almost finished paying off the rich people it screwed in the run-up to the 2008 financial crisis. As for the poor? Well, not so much.

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15 Jan 2016

Goldman Sachs To Pay $5.1 Billion For Causing 2008 Financial Crisis

The Too Big To Fail & Jail bank to pay a $2.385 billion civil monetary penalty, make $875 million in cash payments, provide $1.8 billion in consumer relief.

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JPMorgan Chase World Headquarters in New York (Michael Premo on Flickr)
21 Dec 2015

JPMorgan To Pay Over $450 Million For Screwing Clients And Investors

JPMorgan will pay one massive fine for a conflict of interest over its money management firms, and another to settle a lawsuit over the London “fail whale.”

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Mao and Jamie Dimon sit together (Composite Photo: Remy Steinegger and The People's Republic of China Printing Office)
07 Dec 2015

JPMorgan Had ‘Sons And Daughters’ Hiring Program For Chinese Elite

JPMorgan is already under investigation for violating the Foreign Corrupt Practices Act (FCPA), but the WSJ claims there are further crimes.

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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.

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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.

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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

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