Dimon the greatest banker of his generation? Hardly. The data says otherwise . . .

[kpete]

This morning, the NY Times had an article titled: JPMorgan Reveals It Faces Criminal and Civil Inquiries.
http://dealbook.nytimes.com/2013/08/07/jpmorgan-reveals-it-faces-civil-and-criminal-inquiries/


The dollar figures for the fines just since 2011 are pretty astounding:

$56 million (April 2011)
$153.6 million (June 2011)
$229 Million (July 2011)
$88.3 Million (August 2011)
$5.29 Billion (February 2012)
$110 million (February 2012)
$150 million (March 2012)
$296.9 million (November 2012)
X% of $8.5 billion (January 2013)
$100 million (March 2013)
$410 million FERC settlement (August 2013)

Source: Daily Beast
http://www.thedailybeast.com/articles/2013/05/08/jpmorgan-chase-s-crazy-fine-tally.html

Assuming that the unknown amount is modest, the total fines over the past 2 years are still over $7 billion dollars in fines, just over the past two years. (And that’s before we add in the $8 billion in London Whale losses).

That’s just what was settled.

MORE:
http://www.ritholtz.com/blog/2013/08/jp-morgan-6-9-billion-in-fines-unknown-billions-in-legal-costs/

[JeffHead]

1. He may not be a very good banker...

but, he's a damn fine thief.

[Egalitarian Thug]

2. The greatest banker that didn't get jail time...

& R