You are hereJP Morgan Chase Fined $20 Million for Lehman Loans

JP Morgan Chase Fined $20 Million for Lehman Loans


Posted April 4, 2012, 8:56 pm

JP Morgan Chase will pay $20 million to settle claims it mishandled customer money. US regulators say JP Morgan extended too much credit to Lehman Brothers in the years before it went bankrupt. Lehman Brothers collapse was a major part of the 2008 financial crisis. 

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Regulators: JPMorgan illegally let Lehman Bros. count customers' funds as its own

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