OF THE
TIMES
Heaven and hell are eternal places because they are always present at the extremes of human existence, for better or for worse. People are constantly choosing between them, although they are generally not conscious of that in an articulated manner.
The insights and strategies you've shared are exactly what I needed to take my life to the next level. It's clear that you're passionate about...
A suggestion to SOTT. Context: The news cycle is pretty negative. Politics, lawfare, Congress and the "axis of evil", election, Ukraine, Israel,...
Despite recent low growth figures, gross domestic product surged in the third and fourth quarters of 2023 to 3.4% and 4.9%, respectively. Economic...
Imagine you live in a neighborhood and one of your neighbors is running a meth lab that could explode at any moment. What would you do? Imagine...
Recently an old documentary was linked that included Dr. Karla Turner who died from "cancer" at age 48. She was an abductee and an investigator...
To submit an article for publication, see our Submission Guidelines
Reader comments do not necessarily reflect the views of the volunteers, editors, and directors of SOTT.net or the Quantum Future Group.
Some icons on this site were created by: Afterglow, Aha-Soft, AntialiasFactory, artdesigner.lv, Artura, DailyOverview, Everaldo, GraphicsFuel, IconFactory, Iconka, IconShock, Icons-Land, i-love-icons, KDE-look.org, Klukeart, mugenb16, Map Icons Collection, PetshopBoxStudio, VisualPharm, wbeiruti, WebIconset
Powered by PikaJS ๐ and InยทSite
Original content © 2002-2024 by Sott.net/Signs of the Times. See: FAIR USE NOTICE
JPMorgan Chase seems to be experiancing more than intermittent issues with Chase.com.
JPM sued for "Grand Theft Derivatives" in Lehman Case.
[Link]
JPM is being sued for stealing $230 million and 'filing false and inflated claims' in a $2.6 billion derivatives battle with Lehman.
In addition to trading with Lehman, J.P. Morgan served as Lehman's clearing bank, providing cash advances of up to $100 billion a day to Lehman to facilitate overnight repurchase, or repo, agreements, a major element supporting the so-called shadow banking system. It held the collateral that Lehman pledged to secure the loans in the triparty repurchase agreements.
That role has resulted in J.P. Morgan being one of Lehman's key adversaries in numerous disputes surrounding the investment bank's demise as well as one of the largest creditors of the bankrupt holding company and its subsidiaries.
JPMorgan faced money laundering probe.
[Link]
JPMorgan Chase & Coโs compliance with U.S. anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest U.S. bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctioned countries.
The Office of the Comptroller of the Currency, an independent branch within the Treasury Department, is examining JPMorganโs systems that are designed to monitor and filter such transactions, said the source, who is familiar with the situation.
The exact scope of the inquiry and the size of potential liabilities for the bank could not be learned.
JPMorgan spokesman Joseph Evangelisti declined to comment on Saturday.