J.P. Morgan
Rothschild Coat of Arms
Source: Reuters reported that U.S. prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase
& Co. and Citigroup Inc, to determine if they misled investors. The
others are Deutsche Bank AG, UBS AG, Morgan Stanley and Goldman Sachs
Group Inc. The investigation, being conducted with the Securities and
Exchange Commission, comes as Wall Street and major banks around the
world are attracting scrutiny from regulators who are looking at
transactions that occurred in the run-up to the subprime mortgage
meltdown and financial crisis. The source said the investigation
includes mortgage-bond deals, that it is in an early stage and that it
might not necessarily lead to criminal charges against all of the
firms. The person spoke anonymously because the probe is ongoing. The
source said the investigation includes mortgage-bond deals, that it is
in an early stage and that it might not necessarily lead to criminal
charges against all of the firms. The person spoke anonymously because
the probe is ongoing. Separately, New York authorities opened an
investigation into whether eight banks, including Citigroup, Goldman
Sachs and Morgan Stanley, misled rating agencies with regard to
mortgage-derivative deals. The companies that rated the mortgage deals
were McGraw-Hill Cos Inc's Standard & Poor's, Fitch Ratings and
Moody's Investors Service, a unit of Moody's Corp.
JPM
Goldman Sachs
Citigroup
Who Rules America?
----------------------------------------------------------------
Non-Profit
---------------------------------------------------------------------------------------------
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network