+ 0
Currently preparing orders
Happy Clients
Completed orders
0 %
Timely delivered orders

The JPMorgan Chase and Company swot analysis power point presentation notes


The JPMorgan Chase and Company is among the unlucky companies in the United States that have been forced to dish out loads of cash to settle cases as well in compensation of the affected parties. It is an American banking and financial services holding company as well as the largest bank in the United States.

P. Morgan Chase forked out $23 billion to cover costs and expenses from its pending legal and regulatory woes. In another situation, the company was required to pay about $2 billion to settle a case involving criminal charges where the bank had turned a blind eye to the activities carried out by Bernard L. Madoff.

The bank faced two felony violations of the Bank Secrecy Act, a federal law that requires banks to alert authorities to suspicious activity. The money was to be directed to Mr. Madoff’s victims. The bank also agreed to pay $350 million to the Office of the Controller of the Currency. All this was brought about by money laundering activities in the bank which is illegal in the United States.

That however is not all for JP Morgan. It settled the latest in a chain of legal claims on Tuesday after agreeing to pay $614 million to the U.S. government and admitted that it defrauded federal agencies by underwriting sub-standard mortgage loans. It approved thousands of insured loans that were not eligible for insurance by the Federal Housing Administration for more than a decade.

In another recent legal claim, the company agreed to pay $1.45 million to settle 4 year old allegations by the U.S. Equal Employment Opportunity Commission that the bank had maintained a sexually hostile environment for women in a mortgage centre in Ohio. Saying that JPMorgan Chase and Co. is unlucky is clearly an understatement.



Our services

How you benefit

Save big with essayhelp