You are here

Why Barclays opted for war when JPMorgan chose surrender

Tuesday, December 27, 2016 - 05:50

BT_20161227_DNBARCLAYS27DVFH_2661770.jpg
Mr Dimon says JPMorgan paid a "premium" to settle to avoid having his lieutenants drawn into depositions and his company "demeaned" in the media.

New York

WHEN the US was seeking a record-breaking payment from JPMorgan Chase & Co for the sale of toxic mortgage-backed securities three years ago, Jamie Dimon went to Washington to sit down with Eric Holder, then the attorney general. Mr Dimon, normally an outspoken critic of

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom