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Considering the Fairness of JP Morgan's Deal

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Estimates of net income JP Morgan has gained from the acquisition of Bear Stearns and Washington Mutual since 2008 are about $16 billion. This acts as a offset against the $13 billion legal settlement with the Justice Department. Eavis and Protess point out that JP Morgan Chase acted in its own interest to buy these to firms at a bargain price in 2008, even as it was working with regulators in this arrangement. For this reason the Justice Department settlement is not seen as unfair to JP Morgan.

Questions about the fairness of the U.S. Justice Department's $13 billion settlement with JP Morgan Chase bank

10/21/2013

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Considering the Fairness of JP Morgan's Deal

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About $6.8 billion in legal losses at J.P. Morgan above that set aside by the bank, according to one estimate. Six separate regulatory actions are faced by JP Morgan Chase bank in 2013. This is larger than other banks.

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Regulatory Headaches Worsen for J.P. Morgan

Wall Street Journal 08/19/2013

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Embattled J.P. Morgan Bulks Up Oversight

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J.P. Morgan Reaches $13 Billion Tentative Deal with Justice Department

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