JPMorgan Chase has now paid greater than $40 billion in whole fines and settlements to regulators, enforcement companies and lawsuits associated to anti-competitive practices, securities abuses and different violations.
That’s in response to new numbers from the general public Violation Tracker, a company misconduct database that tracks circumstances from the 12 months 2000 till now.
Within the final seven quarters alone, JPMorgan Chase has paid a whopping $2 billion to settle a listing of accusations towards the banking big, reports Wall Road on Parade.
The financial institution has paid the sum to settle accusations of legal misconduct, regulatory violations, market manipulation and alleged involvement in enabling Jeffrey Epstein’s intercourse trafficking actions, amongst different alleged authorized and moral breaches.
Late final month, JPMorgan wrapped up 5 settlements directly with the US regulators, paying $151 million to settle allegations embrace deceptive disclosures, breaches of fiduciary responsibility and prohibited trades.
After the flurry of settlements, JPMorgan Chase says in new regulatory filings that it’s now going through “a number of hundred” open authorized circumstances.
The circumstances contain a mixture of authorities actions, reminiscent of these introduced by regulators just like the SEC or the Division of Justice, in addition to personal lawsuits reminiscent of class actions.
JPMorgan Chase says it generated $49.55 billion in revenue in 2023.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Verify Price Action
Observe us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
