Jpmorgan Chase Jpm Stock Value, Corporation Overview & News
Though critics of aggressive bank trading activities cited the loss as a purpose for tighter regulation, JPMorgan’s Jamie Dimon appeared prior to the Senate Banking Committee to offer a perfunctory apology but mainly to defend himself and the bank. In 1999 it had to spend $38.five million to settle civil fraud charges brought by the SEC and the Manhattan District Attorney regarding its part in the failure of the brokerage firm A.R. Quickly soon after the JPMorgan takeover, two Bear Stearns hedge fund managers were arrested and charged with fraud in connection with the collapse of two funds heavily invested...