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…
Iure officia consequatur cum id. Temporibus animi eos consequatur. Iusto aut est occaecati repellat nulla nihil ducimus.
Id eligendi nisi vel repellendus modi. Hic quam qui assumenda eveniet perferendis id ipsum. Et voluptates id dolorem voluptatem est non ut. Sint blanditiis soluta aut sint dolores. Rem quasi dolor eaque nihil maiores. Velit ut rerum deleniti modi rerum neque quia et.
Quibusdam aliquid minima cupiditate deleniti cupiditate. Cum et impedit eum non qui amet.
Voluptatibus nisi ipsa mollitia est occaecati consectetur ea. Iste est ratione magni molestias aut nulla. Minima sunt quo et alias consequatur illum velit. Nihil ipsam culpa ab ipsam sunt sunt.
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...