September 26, 2013
All the Reasons Why JP Morgan May Be Facing the Biggest Bank Fine Ever

On Tuesday (Sept. 24), the Wall Street Journal reported that JP Morgan was offering the government $3 billion to settle (paywall) an unspecified number of criminal probes after the Department of Justice threatened to file suit in an investigation of its pre-crisis mortgage dealings. Yesterday, it reported that regulators are looking for something like $11 billion in compensation (paywall), including $7 billion in penalties and $4 billion in consumer relief.
These numbers are still in flux, but depending on how many cases the payment resolves, it would likely be the largest single-bank payout in the history of financial regulation, supplanting HSBC’s $1.92 billion money-laundering penalty.
Read more.

All the Reasons Why JP Morgan May Be Facing the Biggest Bank Fine Ever

On Tuesday (Sept. 24), the Wall Street Journal reported that JP Morgan was offering the government $3 billion to settle (paywall) an unspecified number of criminal probes after the Department of Justice threatened to file suit in an investigation of its pre-crisis mortgage dealings. Yesterday, it reported that regulators are looking for something like $11 billion in compensation (paywall), including $7 billion in penalties and $4 billion in consumer relief.

These numbers are still in flux, but depending on how many cases the payment resolves, it would likely be the largest single-bank payout in the history of financial regulation, supplanting HSBC’s $1.92 billion money-laundering penalty.

Read more.

November 27, 2012
The 20 Richest Metros in America (the First 2 Will Surprise You)
[Image: The Bureau of Economic Analysis]

The 20 Richest Metros in America (the First 2 Will Surprise You)

[Image: The Bureau of Economic Analysis]

11:06am
  
Filed under: Metropolitan Finance Urban City Chart 
November 6, 2012

The Most Expensive Election in History by the Numbers

[Images: Sunlight Foundation, Wesleyan Media Project, Ward Room]



September 18, 2012

Occupy Wall Street’s Raucous Birthday Party: Arrests, Sermons, and Signs

[Images: Julie Dermansky]

August 27, 2012
ilovecharts:

Here Comes the Money!

ilovecharts:

Here Comes the Money!

11:52am
  
Filed under: PAC Politics Finance Obama Romney 
March 15, 2012
New York Times op-ed cost Goldman Sachs $2.15 billion yesterday

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