JPMorgan Chase

FinCEN Files Reveal $2 Trillion in Suspicious Banking Transactions

2020-09-20 00:00:00 +0000 UTC | Importance: 9/10

BuzzFeed News and the International Consortium of Investigative Journalists published the FinCEN Files, revealing more than $2 trillion in suspicious banking transactions reported to the U.S. Financial Crimes Enforcement Network between 1999 and 2017. The files contained over 2,100 Suspicious …

FinCEN BuzzFeed News International Consortium of Investigative Journalists (ICIJ) Deutsche Bank HSBC +4 more money-laundering banking financial-crime regulatory-failure suspicious-transactions +2 more

Holder Testifies Some Banks Are Too Big to Jail

2013-03-06 00:00:00 +0000 UTC | Importance: 10/10

During a critical congressional testimony before the Senate Judiciary Committee on March 6, 2013, Attorney General Eric Holder revealed the Department of Justice’s emerging doctrine of ’too big to jail’, acknowledging that prosecuting certain financial institutions could …

Eric Holder Department of Justice JPMorgan Chase Bank of America Citigroup +2 more institutional-capture regulatory-capture corruption financial-crisis bank-prosecution +3 more

25 Billion Mortgage Settlement Provides Banks Immunity for Minimal Payments

2012-02-09 00:00:00 +0000 UTC | Importance: 8/10

$25 billion settlement with five major banks over foreclosure abuses provides limited relief to homeowners. The agreement settled widespread ‘robosigning’ practices where banks mass-signed foreclosure documents without proper review. While nominally $25 billion, only $1.5 billion went …

Eric Holder Bank of America JPMorgan Chase Wells Fargo Citigroup +2 more prosecutorial-capture settlement-abuse foreclosure-fraud immunity-deal financial-corruption +1 more

GAO Audit Reveals Massive $16.1 Trillion in Secret Federal Reserve Crisis Loans

2011-12-01 00:00:00 +0000 UTC | Importance: 10/10

The first comprehensive audit of the Federal Reserve revealed it secretly provided $16.1 trillion in emergency loans to major financial institutions during the 2008-2010 financial crisis, far exceeding the $700 billion TARP program. The audit exposed unprecedented scale of financial sector bailouts, …

Federal Reserve Ben Bernanke Citigroup Morgan Stanley Goldman Sachs +4 more financial-crisis secret-bailout monetary-capture federal-reserve regulatory-capture +1 more

Robo-Signing Scandal Exposes Systematic Foreclosure Fraud by Major Banks

2010-10-13 00:00:00 +0000 UTC | Importance: 8/10

Bank of America announces a nationwide halt to foreclosures after revelations that employees signed thousands of foreclosure affidavits without reviewing the underlying documents, a practice dubbed “robo-signing.” The scandal exposes systematic fraud in the foreclosure process, with …

Bank of America JPMorgan Chase Wells Fargo GMAC Mortgage Office of the Comptroller of the Currency +1 more foreclosure-fraud robo-signing housing-crisis regulatory-failure housing

Robo-Signing Scandal Exposed Systematic Foreclosure Document Fraud

2010-04-14 00:00:00 +0000 UTC | Importance: 8/10

Investigation reveals major banks systematically falsified foreclosure documents through ‘robo-signing’, affecting 3.8 million homes. Employees at major lenders signed thousands of foreclosure affidavits without verifying information, creating a massive documentation fraud that …

Bank of America JPMorgan Chase Wells Fargo Citigroup GMAC financial-crisis fraud foreclosure-abuse perjury

Bear Stearns Collapse and Federal Reserve-Facilitated Fire Sale to JPMorgan with $29 Billion Taxpayer Guarantee Establishes 'Too Big to Fail' Precedent with Zero Criminal Prosecutions Despite Fraud-Driven Collapse

2008-03-16 00:00:00 +0000 UTC | Importance: 10/10

Bear Stearns, the fifth-largest investment bank in the United States with $400 billion in reported consolidated assets, collapsed in March 2008 after its liquidity pool plummeted from $18.1 billion on March 10 to just $2 billion on March 13. The firm had leveraged its capital up to 35 …

Bear Stearns JPMorgan Chase Federal Reserve Bank of New York Ben Bernanke Timothy Geithner +2 more financial-crisis regulatory-capture too-big-to-fail bailout accountability-crisis