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Description: In resolve a handful of state and federal investigations, JPMorgan Chase (JPM) has tentatively agreed to pay $13 billion—more, as my colleague Nick Summers points out, “than the combined salaries of every athlete in every major U.S. professional sport, with enough left over to buy every American a stadium hot dog.” Thirteen billion is also equal to 61 percent of the bank’s profit for 2012, so it’s a significant sum. But does that make it a “shakedown,” as some have suggested?

Source: Businessweek.com

Date: Oct 25, 2013

Link: http://www.businessweek.com/articles/2013-10-25/is-the-jpmorgan-settlement-a-shakedown

Questions for Discussions:

  • Summarize the arguments concerning the judgment and its fairness.
  • Do you believe JPMorgan is getting a bad deal?

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