Bloomberg reports that a settlement has been reached after the U.S. Department of Justice investigated indications that
[...] JPMorgan employees at the bank's Hong Kong subsidiary sought to maximize profits by providing jobs and internships to children of individuals it hoped to do business with.
The settlement provides that the bank will pay around $264 million, and that the investigation will be ended with no prosecution.
"[A]t least five other" undisclosed banks are under investigation for possible violations of the Foreign Corrupt Practices Act.
(Score: 1, Funny) by Anonymous Coward on Friday November 18 2016, @05:50PM
Before Jamie Dimon's confirmation hearings as Treasury Secretary.
(Score: 0) by Anonymous Coward on Friday November 18 2016, @06:54PM
They have long suffered under the globalist Obama administration, losing out to (((Goldman Sachs))).
Donald J Trump will Make JPMorgan Great Again.
So Much Winning!!!
(Score: 3, Funny) by Phoenix666 on Friday November 18 2016, @07:14PM
Yeah that kind of move guarantees that a revolution must happen. A much more interesting move would be to put in robert reich or elizabeth warren. That would have wall street crapping its pants.
Washington DC delenda est.
(Score: -1, Offtopic) by Anonymous Coward on Friday November 18 2016, @10:07PM
So the process begins [bbc.com].
Will this scandal be carried above-the-fold on Fox News, Drudge, Breitbart every day for the next four years?
That's a ridiculous question, isn't it.