JPMorgan Chase has now paid greater than $40 billion in complete fines and settlements to regulators, enforcement businesses and lawsuits associated to anti-competitive practices, securities abuses and different violations.
That’s in keeping with new numbers from the general public Violation Tracker, a company misconduct database that tracks instances 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 large, stories Wall Avenue 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 obligation and prohibited trades.
After the flurry of settlements, JPMorgan Chase says in new regulatory filings that it’s now dealing with “a number of hundred” open authorized instances.
The instances contain a mixture of authorities actions, akin to these introduced by regulators just like the SEC or the Division of Justice, in addition to non-public lawsuits akin to class actions.
JPMorgan Chase says it generated $49.55 billion in revenue in 2023.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Examine Value Motion
Comply with us on X, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Traders 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 individual threat, and any losses you could incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in affiliate internet marketing.
Generated Picture: Midjourney