Justice Department Moving Cautiously to Charge Large Banks Criminally

Recent reports state that the U.S. Department of Justice is primed to charge two of the world’s largest banks with violations of U.S. criminal law.  News sources have reported that Credit Suisse and BNP Paribas are targets of Justice Department criminal investigations.  Please see the article in The New York Times about the investigations into […]

J.P. Morgan Chase Reported to Be Near Settlement with Federal Prosecutors

Today The New York Times is reporting that banking giant JP Morgan Chase is nearing settlement with the United States Attorney for the Southern District of New York on a deferred prosecution agreement arising out of the bank’s relationship with convicted Wall Street swindler Bernard Madoff. The settlement will result in the government not filing […]