Now We Know Why The FBI Is Investigating JP Morgan

goldman sachs FBIThe building in the background is not JP Morgan’s office.

Yesterday, it was revealed that the Department of Justice would be looking into JP Morgan’s $2 billion trading loss in an effort assisted by the FBI in New York.Many thought the idea of a possible criminal case over JP Morgan’s bad trade was a bit too much, considering how open the bank has been about disclosing their losses.




The federal agency will also look at the bank’s accounting procedures and disclosure practices, according to the New York Times. Sources told the NYT that the initial probe is routine after such big losses at a bank.

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