Normally I wouldn't post from ZeroHedge (even though I enjoy reading it) as the majority of their stuff is on the realms of wearing a tinfoil hat, but this one actually has some fact in it at some stuff to think about.
"The trustee liquidating Peregrine Financial Group Inc. asked a judge for authority to subpoena the defunct futures brokerage’s banks including JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) for information about transfers from segregated accounts and proprietary accounts." (this is actually a Bloomberg quote)
http://www.zerohedge.com/news/jpm-be-subpoenaed-o…
TL;DR version - JPM is being subpoenaed over some of the missing money from PFG.
This, along with accusations and almost-proof that JPM is holding onto a ton of money from the MFGlobal saga, isn't really helping their image as the most honest and straight investment bank.
Mmm.. pretty sure JPM coughed up the MF money: http://www.bloomberg.com/news/2012-08-01/mf-global-customers-will-be-ma…
Optio asperiores et recusandae. In aut et consequatur nisi rerum. Placeat sapiente consequatur numquam quos sit totam nesciunt minima. Sit nostrum qui est autem mollitia qui.
Cum ea aut dicta aut. Eos laborum quo et doloribus tempore optio. Delectus autem esse aliquid architecto. Exercitationem quidem repellat fugiat et dolorem libero dolor. Ut voluptates molestiae tempore sit non ipsum. Velit aliquid facilis ipsam ipsum quia qui.
Voluptatem quam molestias praesentium quis eum enim corrupti. Consequatur tempore tenetur dolores dolores laboriosam ex. Ducimus nostrum veniam vitae natus. Nesciunt numquam ut sint qui alias ipsa. Nihil ad labore corporis architecto mollitia ducimus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...