Lawsuits accumulate against JPMorgan Chase
Bank faces six separate DOJ investigations
JPMorgan Chase (JPM) just can’t catch a break. The bank continues to linger in the limelight due to a slew of existing lawsuits and federal investigations that could force the mega-bank to absorb $6.8 billion in future legal losses once it plows through existing reserves. The Wall Street Journal has more on the bank's troubles:
J.P. Morgan faces six separate investigations from the U.S. Justice Department, according to the filing, three of which hadn't previously been disclosed.
The bank is "fully cooperating with regulators," a spokeswoman said, referring to the SEC investigation.