JPMorgan Discloses Eight DOJ Probes Ranging From Asia to Madoff

Mark Williams, School of Management

JPMorgan Chase & Co. (JPM:US) said that the U.S. Justice Department is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff…

Expert quote:

“The scope and breadth of risky practices at JPMorgan are mind-boggling. Some of these probes are criminal, they’re not even just civil anymore, and I think it’s very telling about the broad risk-taking culture that was allowed under Jamie Dimon.”

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