Close

September 3, 2013

JP Morgan Increases Litigation Reserves

According to The Wall Street Journal, “J.P. Morgan faces six separate investigations from the U.S. Justice Department…” JP Morgan recently made an announcement about one of these investigations and increased its litigation reserves. One of the investigations centered around allegations that JP Morgan concealed facts regarding the actual financial condition and risks associated with mortgage backed securities. The criminal investigation is still in the preliminary stages.