Commentary & Content Curation Since April 2005
(FKA China Confidential)
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 herefor the FBI story and herefor 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.