JP MORGAN IGNORED FLAGS ABOUT MADOFF. “Over the past year, JP Morgan has paid close to $20bn in settlements with regulators for various violations relating to the US financial crisis, the so-called “London whale” trading loss, and manipulating the London inter-bank offered rate, or Libor. “It’s very dangerous to criminally indict a commercial bank. It could throw the institution into a tailspin – and the government can’t afford a banking crisis with JP Morgan.””
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http://lnkd.in/dtVXHiu
linkedin post 2022-06-29 05:12:48
Nigel Fleming
September 21, 2022