Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Breakingviews: Haggling over JPMorgan’s bill

Thursday, September 26, 2013 - 03:26

Sept. 26 - Reynolds Holding and Breakingviews editors discuss the bank’s talks to settle state and federal mortgage probes for as much as $11 billion and what that could mean for CEO Jamie Dimon.

▲ Hide Transcript

View Transcript

What the bill for JPMorgan's alleged mortgage misdeeds is rising to lofty levels the latest talk is. A settlement upwards of around eleven billion dollars and as we speak. CEO Jamie Dimon has reportedly meeting with the US attorney general Eric Holder. Two questions one is the bill -- threat we is that the alleged wrong doing and what does this mean for mister Dodd and Richard. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It used to be any any fine was that rise was that -- -- -- -- -- like a billion the floors everything so this -- billion isn't multiples that -- this thing started -- -- it was reported to -- three -- -- seven and then -- eleven. And of course it depends how much. You managed to settle -- right if you really could settle everything bright that it asset value in paying very differently to them but the other theoretically they're. Question that the board now -- to start asking as consultants go all right. To put it I guess in the framework of a biology is here Jamie Dimon has been an asset for the for the bank the question is whether or not it's now become -- ability and you know of exit clearances -- are right now. But the fact of the matter is the legal bills that JP JPMorgan that the -- are really -- -- over the last years here -- -- eleven -- you're talking about -- The total -- over thirty billion -- -- an -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- More profitable than. Other things -- haven't been on that sort of analysis you could say -- -- and a great job of that and I think the problem -- that the question might that the board might bills himself as well. Some of this regulation tension comes as a reaction it's. Pretty clear. To the fact that Jamey diamond for a long time it was a thorn in the side of regulates especially since the crisis saying that we managed this well -- over regulating its -- make it difficult for you devoted huge portions of his annual letter to shareholders like public like ten renting it exclusively going to existing regulations has a right to question is if the bill is eleven billion with Jamie you know what would it be it would Napster is that Pat Summitt who. Would it but I don't know politics. Right except and you're -- and you mix of other comparisons to look at you know Bank of America which seemed to be a complete -- their legal bills have been less to -- Up over certain block of time. He also look at Bob dart -- Barkley who left after a fine of less than 500 million for the wired or scared about credit. Barkley performance was nowhere near close to -- to ignore it and then under Jamie that's not an apples to apples and it hurts me either but when you start to grapple with things together. Why the Diamondbacks a good point out and a lot of this stodgy behavior occurred that no one who would Bear Stearns before JPMorgan. Took those right ends -- as always thanks look you know you got we did you guys have favorite. Right well you know it's letting people it's say -- -- slightly different from saying the wrong day wasn't -- his walks which we -- -- slightly more than just the right. It's fascinating stuff this is a fast moving story. In the meantime stay tuned for more breaking views tomorrow.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: Haggling over JPMorgan’s bill

Thursday, September 26, 2013 - 03:26

Top News »

Most Popular »

Retirement »

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Why bruised Brazil is a buy Why bruised Brazil is a buy

Fri, Jul 19, 2013 - (2:48)

3 ways to fix your bond portfolio 3 ways to fix your bond portfolio

Thu, Jul 11, 2013 - (3:10)

The next gold? Diamonds lure investors The next gold? Diamonds lure investors

Wed, Jul 03, 2013 - (2:38)

How to play the Fed’s tapering timeline How to play the Fed’s tapering timeline

Thu, Jun 20, 2013 - (2:34)

How to play banker on the web How to play banker on the web

Tue, Jun 11, 2013 - (2:57)

3 surprises about the 2013 stock rally 3 surprises about the 2013 stock rally

Fri, May 24, 2013 - (2:11)

How to cash in on lawsuits - Investing 201 How to cash in on lawsuits - Investing 201

Tue, Apr 30, 2013 - (2:30)

Rising dollar will drive stocks higher Rising dollar will drive stocks higher

Wed, Apr 10, 2013 - (2:32)

A little-known path to big dividends - Investing 201 A little-known path to big dividends -...

Thu, Apr 04, 2013 - (3:16)

What exactly does Warren Buffett own? - Investing 201 What exactly does Warren Buffett own? -...

Thu, Feb 14, 2013 - (0:51)

Big short bets: Where are they now? - Investing 201 Big short bets: Where are they now? -...

Fri, Dec 21, 2012 - (2:33)

Money Clip »

How to get out of debt How to get out of debt

Thu, Oct 30, 2014 - (3:37)

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

How to break your prenup - Money Clip How to break your prenup - Money Clip

Thu, Mar 07, 2013 - (1:18)

Watch your wallet on Pinterest - Money Clip Watch your wallet on Pinterest - Money Clip

Thu, Feb 21, 2013 - (1:33)

Get set for the big bull run - Money Clip Get set for the big bull run - Money Clip

Thu, Jan 24, 2013 - (3:41)

Moving Pictures »

Images of December Images of December

Tue, Dec 23, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, Dec 23, 2014 - (2:23)

Images of November Images of November

Tue, Dec 02, 2014 - (0:30)

Images of October Images of October

Mon, Nov 03, 2014 - (0:57)

The world in a city The world in a city

Fri, Oct 31, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, Oct 28, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, Jul 03, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)

360° snapshot of life in Kabul 360° snapshot of life in Kabul

Fri, Apr 04, 2014 - (1:26)

A blind teenager, living with vision A blind teenager, living with vision

Thu, Mar 27, 2014 - (3:51)

TIMELAPSE: Backstage at the Oscars TIMELAPSE: Backstage at the Oscars

Wed, Mar 05, 2014 - (2:49)

TIMELAPSE: Lunch with Oscar nominees TIMELAPSE: Lunch with Oscar nominees

Wed, Feb 12, 2014 - (2:55)

Sochi Highlights: Let the games begin Sochi Highlights: Let the games begin

Fri, Feb 07, 2014 - (0:40)

TIMELAPSE: On the Golden Globes red carpet TIMELAPSE: On the Golden Globes red carpet

Tue, Jan 14, 2014 - (3:28)

Pictures of the Year 2013 Pictures of the Year 2013

Fri, Dec 20, 2013 - (3:03)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, Nov 20, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:02)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:40)

Lessons of the Jihad Jane case - Reuters Investigates Lessons of the Jihad Jane case - Reuters...

Sun, Dec 09, 2012 - (3:43)

Exclusive: Jihad Jane in her own words Exclusive: Jihad Jane in her own words

Sat, Dec 08, 2012 - (4:11)

Attorney: How a Maryland teenager became radicalized - Reuters Investigates Attorney: How a Maryland teenager became...

Fri, Dec 07, 2012 - (4:21)

Dateline Asia »

China's graft busters on the hunt China's graft busters on the hunt

Tue, Dec 23, 2014 - (2:22)

East meets west in Club Med bidding war East meets west in Club Med bidding war

Mon, Dec 22, 2014 - (2:07)

Sinking Jakarta embarks on seawall project Sinking Jakarta embarks on seawall project

Thu, Dec 18, 2014 - (2:22)

No Christmas easing from the Bank of Japan No Christmas easing from the Bank of Japan

Fri, Dec 19, 2014 - (1:59)

North Korea to blame for Sony hack: source North Korea to blame for Sony hack: source

Thu, Dec 18, 2014 - (1:10)

China's house prices fall again China's house prices fall again

Thu, Dec 18, 2014 - (1:10)

China's child labor problem China's child labor problem

Thu, Dec 18, 2014 - (2:19)

Measuring up North Korea's heir Measuring up North Korea's heir

Wed, Dec 17, 2014 - (1:03)

Russia worries rock emerging markets Russia worries rock emerging markets

Wed, Dec 17, 2014 - (1:14)

Seoul raises the "nut rage" stakes Seoul raises the "nut rage" stakes

Tue, Dec 16, 2014 - (1:03)

Sydney in shock after hostage horror Sydney in shock after hostage horror

Tue, Dec 16, 2014 - (1:07)

Not all merry and bright in China's manufacturing sector Not all merry and bright in China's...

Tue, Dec 16, 2014 - (1:29)

Beneath the surface of Abe's big win Beneath the surface of Abe's big win

Mon, Dec 15, 2014 - (1:15)

Some hostages escape from Sydney cafe Some hostages escape from Sydney cafe

Mon, Dec 15, 2014 - (1:06)

Abe eyes big win in Japan election Abe eyes big win in Japan election

Sun, Dec 14, 2014 - (1:00)

Afghan Bruce Lee sets sights on global fame Afghan Bruce Lee sets sights on global fame

Fri, Dec 12, 2014 - (1:40)

Asian markets rattled by oil price drop Asian markets rattled by oil price drop

Thu, Dec 11, 2014 - (1:14)

Final stand for Hong Kong's protesters Final stand for Hong Kong's protesters

Thu, Dec 11, 2014 - (1:21)

Asia markets stumble as oil tumbles Asia markets stumble as oil tumbles

Thu, Dec 11, 2014 - (1:15)

All eyes on upcoming Dalian Wanda IPO All eyes on upcoming Dalian Wanda IPO

Thu, Dec 11, 2014 - (2:52)

Final hours for Hong Kong protesters Final hours for Hong Kong protesters

Wed, Dec 10, 2014 - (1:57)

Anger at Japan's new state secrets law Anger at Japan's new state secrets law

Wed, Dec 10, 2014 - (1:33)

Charm offensive for KFC in China Charm offensive for KFC in China

Wed, Dec 10, 2014 - (2:13)

Pro-ISIS pockets at Kabul University Pro-ISIS pockets at Kabul University

Wed, Dec 10, 2014 - (1:46)

Volatility the new norm in China Volatility the new norm in China

Wed, Dec 10, 2014 - (1:44)