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What $13 Billion Means to JPMorgan

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What $13 Billion Means to JPMorgan
AIRED:
JPMorgan Chase has agreed to pay a record $13 billion to settle investigations stemming from the financial crisis, according to a source. $13 billion is roughly just more than one-seventh of the bank's annual sales last year, on that basis it would only take JPMorgan about a month and a half to raise that cash through revenues alone. But the bank won't even have to wait that long. $23 billion has already been set aside for legal settlements, according to the bank's admission.moreless
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