REPORT: JP Morgan Is About To Pay A Gigantic Fine, And It Could - TopicsExpress

REPORT: JP Morgan Is About To Pay A Gigantic Fine, And It Could Still Face Criminal Charges Multiple outlets are reporting JP Morgan will pay a $13 billion civil penalty for allegedly failing to warn investors about risks in mortgage backed securities trades. It would be the largest civil penalty ever levied, representing more than half of the bank’s 2012 profits. But it may still not be enough to shield it from the Justice Department’s Sacramento-based prosecutors. businessinsider/

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