Weekend Sept 26 2020
In ACCT 5308 today I thought someone said that J P Morgan rescued Chase during the 2008 financial crisis.
However Chase merged with Morgan in Year 2000. Mergers are an inclusive activity. Hence most mergers happen again during expansive social mood at market tops. This occurred right at the 1982-2000 market bull run.
https://en.wikipedia.org/wiki/JPMorgan_Chase
As of 2019, the asset management arm of the bank has US$2.988 trillion in assets under management, while its investment and corporate bank arm holds US$25.45 trillion in assets under custody.[10] At US$45.0 billion in assets under management, the hedge fund unit of JPMorgan Chase is the third largest hedge fund in the world.[11]
Good grief, look at the list of fines and penalties since Enron. Talk about Too Big to Fail!
- 8 Controversies
- 8.1 Conflicts of interest on investment research
- 8.2 Enron
- 8.3 WorldCom
- 8.4 Jefferson County, Alabama
- 8.5 Failure to comply with client money rules in the UK
- 8.6 Mortgage overcharge of active military personnel
- 8.7 Truth in Lending Act litigation
- 8.8 Alleged manipulation of energy market
- 8.9 Criminal investigation into obstruction of justice
- 8.10 Sanctions violations
- 8.11 National Mortgage Settlement
- 8.12 Speculative trading
- 8.13 Mortgage-backed securities sales
- 8.14 "Sons and Daughters" hiring program
- 8.15 Madoff fraud
- 8.16 Corruption investigation in Asia
- 8.17 September 2014 cyber-attack
- 8.18 Alleged discrimination lawsuit
- 8.19 Improper handling of ADRs
- 8.20 Investments in coal, oil and gas projects
- 8.21 Leaked study on climate change impacts
- 8.22 Paying Lip Service
- 9 Offices
Professor Elam 
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