The European Commission has fined eight international financial institutions – including Citigroup and JPMorgan Chase – a total of €1,712,468, 000 (approximately US$2.3 billion) for allegedly participating in illegal cartels in markets... Read More

One of the very interesting aspects of the $2.05 billion settlement reached by J.P.Morgan Chase with federal prosecutors over the bank’s violation of the Bank Secrecy Act for failing to exercise proper oversight of Bernard Madoff’s business... Read More

What does JPMorgan Chase’s $13 billion settlement with the Justice Department have to do with the 74 percent raise it just gave to its CEO, Jamie Dimon? If you are Elizabeth Warren, a lot. The Massachusetts Senator is suggesting that Dimon received... Read More

Consider these recent financial fraud-related settlements: - SAC Capital Pleads Guilty to Insider Trading and Will Pay $1.8 Billion; - Johnson & Johnson to Pay More than $2.2 Billion to Resolve Criminal and Civil Investigations; - Rabobank... Read More

JPMorgan Chase has reached yet another settlement with federal prosecutors. Now, it will pay $614 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting non-compliant mortgage loans submitted for... Read More

Here are the four key elements of JPMorgan Chase’s likely settlement with federal prosecutors over charges against the bank relating to the Bernard Madoff Ponzi scheme: The bank will pay $2 billion to settle civil charges and criminal charges... Read More

The record $13 billion mortgage-backed securities settlement that JPMorgan Chase just reached with federal and state regulators will be analyzed, reviewed, studied, and explored for quite some time to come. Here are three key takeaways the day after the... Read More

It has been a pretty good couple of days for Madoff victims. J.P.Morgan Chase reached a $2.05 billion settlement with federal prosecutors over its failure to properly exercise oversight of Bernard Madoff and his operations; $1.7 billion of that is... Read More

JPMorgan Chase has reached a $13 billion settlement with regulators – the largest settlement with a single entity ever. The agreement resolves federal and state civil claims arising out of the packaging, marketing, sale, and issuance of residential... Read More

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $36.0 billion in the third quarter of 2013. That’s a lot of money, but it also is a $1.5 billion (3.9 percent... Read More

As readers of the Financial Fraud Law Report and the Financial Fraud Law Blog certainly recall, JPMorgan Chase settled a couple of big, big Madoff-related cases some weeks ago, reaching a $2.05 billion settlement with federal prosecutors over its failure... Read More

On the heels of J.P.Morgan Chase’s $2.05 billion settlement with federal prosecutors over its oversight of Bernard Madoff’s operations , U.S. Senators Elizabeth Warren (D-MA) and Tom Coburn (R-OK) have introduced bipartisan legislation, the... Read More