[CAF Note: Is JP Morgan shipping back $500 million to fund the $393 million in the Presidents DOJ budget for the gun campaign as well as $93 million for cybersecurity funded from the profits on managing the oil price as part of the national security agenda?
If they settle this summer, then Congress can finalize the appropriation in the fall.]
By Jessica Silver-Greenberg and Ben Protess
JPMorgan Chase is aiming to settle accusations it devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” a deal that is expected to cost the bank, the nation’s largest, about $500 million.
Related Reading:
DOJ from the White House Budget Proposal
