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21/10/2013 The biggest corporate fine ever

1:31

JP Morgan Chase to Pay $13 Billion

3:59

How significant is a $13 billion fine for JPMorgan?

3:12

JPMorgan's $13 Billion Settlement With U.S. Government

7:35

Will JPMorgan's settlement set incentives for better banking

The Justice Department announced that JPMorgan Chase agreed to pay $13 billion to settle investigations into its business practices pertaining to mortgage-backed securities. Of that amount, $9 billion was penalties and fines and the remaining $4 billion was consumer relief. This was the largest corporate settlement to date.
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    • Essentials 

    • History 

    • Chase Manhattan Bank 

    • Chemical Banking Corporation 

    • J.P. Morgan & Company 

    • Bank One Corporation 

    • Bear Stearns 

    • Washington Mutual 

    • Other recent acquisitions 

    • Recent history 

    • Financial data 

    • 2018 

    • Structure 

    • JPMorgan Europe, Ltd. 

    • Operations 

    • Lobbying 

    • Global Health Investment Fund 

    • Enron 

    • WorldCom 

    • Jefferson County, Alabama 

    • Failure to comply with client money rules in the UK 

    • Mortgage overcharge of active military personnel 

    • Truth in Lending Act litigation 

    • Alleged manipulation of energy market 

    • Criminal investigation into obstruction of justice 

    • Sanctions violations 

    • National Mortgage Settlement 

    • Mortgage-backed securities sales 

    • Madoff fraud 

    • Corruption investigation in Asia 

    • Alleged discrimination lawsuit 

    • Improper handling of ADRs 

    • Paying Lip Service 

    • Offices 

    • Credit derivatives 

    • Multibillion-dollar trading loss 

    • Art collection 

    • Major sponsorships 

    • Leadership 

    • Board of directors 

    • Business 

    • Politics and public service 

    • Other 

    • Index products