The NCUA received $1.073B of the $1.4B JPMorgan settlement. Lawyers got the rest.
In an exclusive interview, watchdog Congressman Darrell Issa (R-Calif.) confirms net settlement number revealed last week by an unnamed NCUA source.
J.P. Morgan VP shared information with his childhood friend on at least 15 pending transactions, including the First Data acquisition.
SEC settles for $200 million with trading house, bringing total to $920 million when added to deals with Fed, OCC and agency in U.K.
JPMorgan Chase’s $2 billion failed credit risk hedge is different than the investments that led to the corporate credit union crisis. However, there are also similarities, according to industry investment experts. Specifically, overleveraging and a drive for income that compromised risk management.