Wednesday, May 16, 2012

FBI Investigates JPMorgan as Shareholders Sue Bank

The FBI has opened a preliminary investigation of JPMorgan Chase, America's biggest bank; and two separate shareholder lawsuits have been filed (so far) over the minimum $2 billion trading losses, accusing the bank of excessive risk.

Click here for the FBI story and here for the lawsuit story. Again, it is worth noting that nobody, no matter how rich or famous he or she may be, relishes the thought of being questioned by men and women with guns and badges.