YouTube Added: Nov 21, 2013
JPMorgan Chase has made many headlines recently. There’s a new investigation underway regarding the bank’s practice of giving lots of money to the kids of rich people abroad in order to gain influence illegally. They just topped the Financial Stability Board’s “Too big to fail” list. They just reached an agreement with the Justice Department to pay a record $13 billion for its fraudulent mortgage products. It’s facing an investigation as Bernie Madoff’s primary bank. And an ex-employee stands accused of hiding hundreds of millions of dollars worth of trading losses.