MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 30, 2013 The $13B JP Morgan Settlement Is in Peril Iceberg dead ahead. The $13 billion settlement currently under negotiation between JP Morgan [profile] and the Department of Justice is in danger of falling apart, according to a number of news outlets. According to published reports, the settlements are endangered because JP Morgan wants immunity from future criminal charges. The bank also wants another government agency to pay part of the legal tab. This tab has been of great interest to investors and analysts. Chief executive Jamie Dimon was was repeatedly grilled on the subject during a recent analyst call. The legal jeopardy is enormous. If criminal investigations lead to a conviction, could conceivably be deported from '40 Act Country. More on the ongoing legal battles can be found publications such as the Wall Street Journal; Washington Post; Bloomberg; NBC News; CNBC; International Business Times; the New York Post; Fox Business, and the Huffington Post. Printed from: MFWire.com/story.asp?s=46595 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |