Even though JP Morgan agreed to pay nearly $1 billion in fines for its conduct in the 'London Whale' incident in which the bank’s chief investment officer lost more than $6 billion and then regulators were misled about the losses, the investment bank's legal troubles appear to be far from over. The New York Times' DealB%k Blog reports there is "an unusual wave of scrutiny for JPMorgan, which is now facing investigations from at least seven federal agencies, several state regulators and two foreign nations. The investigations span across the bank. Its mortgage business, debt collection practices and its hiring of the children of well-connected Chinese officials are all under fire in Washington."
Lawyer and Legal Journalist
