Excerpt
HARI SREENIVASAN (Newshour): JP Morgan Chase reached an agreement with the Department of Justice to pay a $13 billion fine in the largest settlement paid by a financial firm to the U.S. Bloomberg News reporter Dawn Kopecki joins Hari Sreenivasan to talk about the record settlement and J.P. Morgan’s brushes with the Department of Justice.
For more on this we are joined now by Dawn Kopecki, she is a banking and finance reporter with Bloomberg News who has been following the Chase story for some time, so besides the thirteen billion dollar number, why is this so significant?
Note that this ONLY settles JP Morgan's DOJ problem, they still face civil suits.
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