Chase, Once Considered "The Good Bank," Is About to Pay Another Massive Settlement [1]
RollingStone.com - 7/18/13, Matt Taibbi
James "Jamie" Dimon, chief executive officer of JPMorgan Chase & Co.
Well, there's some more news about the "good bank" – Chase is about to pay yet another ginormous settlement for cheating and stealing from the public. According to the Wall Street Journal [2], the Federal Energy Regulatory Commission (FERC) will fine Chase "close to $1 billion" for manipulating energy prices in Enron-esque fashion in Michigan and California. The story is interesting in itself – and we'll write more about it later – but for now, it's just the fact of yet another massive settlement for this bank that's so interesting.
For sheer curiosity's sake, I thought I'd list, in capsule form, some of the capers Chase has been caught up in in recent years:
More: RollingStone.com [3]
Category:
- 3D News [6]