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xchrom

(108,903 posts) Fri Mar 22, 2013, 06:21 AM Mar 2013

What It Costs the Worst Bank to Be Truly Evil

http://www.alternet.org/corporate-accountability-and-workplace/what-it-costs-worst-bank-be-truly-evil

$16 billion.

That's how much JPMorgan Chase has paid in fines, settlements and other litigation expenses in the last four years alone.

More than half of that amount, $8.5 billion, was paid out in fines and settlements as the result of illegal actions taken by bank executives.

$8.5 billion is almost 12 percent of the net income the mega-bank brought in during the same period.

2 replies

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What It Costs the Worst Bank to Be Truly Evil (Original Post) xchrom Mar 2013 OP

Need to include all the campaign contributions in that cost n2doc Mar 2013 #1

When my mother worked in the banking industry... MarianJack Mar 2013 #2

n2doc

(47,953 posts)

1. Need to include all the campaign contributions in that cost

Reply to xchrom (Original post)

Fri Mar 22, 2013, 07:12 AM

Mar 2013

as well as the cost of hiring ex administration officials at inflated salaries. Those are the true costs of doing business.

MarianJack

(10,237 posts)

2. When my mother worked in the banking industry...

Reply to xchrom (Original post)

Fri Mar 22, 2013, 07:56 AM

Mar 2013

...from the early 60s until she retired in 1982, bank robbery was what people with masks and guns did.

Today it's a "service" that the banks perpetrate on their cutomers. What BS!

PEACE!

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