Everything you need to know about JPMorgan’s $13 billion settlement

According to CNN, JPMorgan pocketed $21.3 billion in net income in 2012 and has assets in the trillions, so it shouldn’t take long for the bank to come up with the funds. If the $13 billion settlement is approved, about $6 billion "will serve as compensation for investors like pension funds that suffered losses," according to the Times.

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Wall Street colossus JPMorgan Chase & Co. will have to pay a record $13 billion legal settlement, thanks to an agreement the banking institution reached with the Department of Justice on Monday.

It’s just one of the 10 things you should know about taxes. Ditto for the BNPP terror settlement, which states that BNPP will not claim a tax deduction. Sometimes the government and a defendant.

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Even if the $13 billion deal is finalized, JPMorgan faces other government probes into everything from bad derivative bets to whether it gave jobs to the children of government-owned company officials in China to secure business there. The largest US bank said earlier this month it has set aside $23 billion over time to pay for legal issues.

A Closer Look at JPMorgan’s $13 Billion Settlement by Jeannette Di Louie Thursday, November 21, 2013 Banks are supposed to be a financial safe haven: a place to store money and valuables.

Jamie Dimon is an American business executive. He is Chairman and CEO of JPMorgan.. And the public should recognize that we have the widest, the deepest, the most. This is despite the recent billion dollar settlement with the US. saying, "first of all, JP Morgan is one of the best managed banks there is . Jamie.

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Facebook’s stock price jumped after it said it expects to incur a fine of up to $5 billion from the Federal Trade Commission. And that’s all you really need to know about whether. JPMorgan agreed.

Here’s what you need to know. Asian markets saw a nasty sell-off. a whopping 457% return. billion justice Department settlement aside, investors – led by Goldman Sachs Asset Management and.

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Even if the $13 billion deal is finalized, JPMorgan faces other government probes into everything from bad derivative bets to whether it gave jobs to the children of government-owned company officials in China to secure business there.