YES….Thank You, Sacramento samurai (: Excerpt: Jamie Dimon, arguably the nations most powerful banker, has navigated intense scrutiny from Congress, the White House and regulators around the globe. But its a federal prosecutor in Sacramento, far from the worlds financial and political capitals, who pinned the chairman of JPMorgan Chase & Co. to the wall. U.S. Atty. Benjamin B. Wagner led the investigators who forced JPMorgan into talks now widely expected to produce a $13-billion settlement of fraud allegations. His team delivered key evidence revealing how JPMorgan misled investors while peddling bonds backed by subprime and liar loans from the housing bubble. Wagners probe posed an additional threat that Dimon could not afford to ignore: criminal charges against the bank. Beyond fines and settlements, a conviction could batter the banks business, sending institutional investors fleeing to competitors. latimes/business/la-fi-jpmorgan-sacramento-20131025,0,4345062.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fmostviewed+%28L.A.+Times+-+Most+Viewed+Stories%29#axzz2iiGgfcDH
Posted on: Fri, 25 Oct 2013 06:47:25 +0000
Trending Topics
Recently Viewed Topics
© 2015