jp morgan join the crowd zap

labrea_gwJuly 18, 2013

JP Morgan looks to be going a little more quietly they are negotiating a fine!

The Federal Energy Regulatory Commission and the New York bank are exchanging drafts of an agreement that would result in J.P. Morgan paying hundreds of millions of dollars, these people said. The fine, they said, likely will be larger than the record $435 million fine levied by FERC on Tuesday against British bank!
Watching the ticker and the stocks price was not plummeting in fact it was trading up!

JPMorgan, which reported a record $6.5 billion quarterly profit last week this is a mere bag of shells for them!

This post was edited by labrea on Thu, Jul 18, 13 at 13:55

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tobr24u(z6 RI)

But will any employees lose their jobs or their bonuses? (Sound familiar?)

    Bookmark   July 19, 2013 at 5:38AM
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jmc01

17000 will be laid off this year and next.

Is that enough?

    Bookmark   July 19, 2013 at 6:29AM
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tobr24u(z6 RI)

That's a start...

    Bookmark   July 19, 2013 at 6:53AM
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jmc01

No, tobr, it's a continuation, a continuation of activity that started a few years ago. Read the papers. It's no secret.

I wouldn't wish a job loss on anyone. It ain't fun.

    Bookmark   July 19, 2013 at 9:54PM
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