Daily News: November 4, 2013

Bloomberg: JPMorgan Discloses Eight DOJ Probes

Bloomberg reported JPMorgan Chase said the U.S. Department of Justice 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.

Bloomberg said JPMorgan Chase disclosed in a filing that the Justice Department is examining the bank’s energy-trading practices, which were subject to a $410 million civil settlement with the Federal Energy Regulatory Commission in July, as well as on mortgage-bond sales, interest-rate rigging, the credit-derivatives market and the bank’s trading loss last year.

To read the entire Bloomberg article, click here.