HISTORIC SHAME in a criminal culture. “US banking giant JP Morgan is set for a record $13bn (£8bn) fine to settle investigations into its mortgage-backed securities. The sale of overvalued mortgage-backed securities was blamed for the near-collapse of the banking system in 2007. Last month, JP Morgan was fined almost $1bn in a separate case over the “London Whale” trading debacle. JP Morgan says it has set aside a fund of $23bn to deal with mounting legal costs.””
”
http://lnkd.in/bRkkBT8
linkedin post 2022-06-29 05:12:48
Nigel Fleming
September 21, 2022