While the federal government may be facing a shutdown, certain governmental agencies have certainly been busy over the past few weeks. The Justice Department (DOJ) and Securities and Exchange Commission (SEC) have been tackling issues of corruption and compliance in companies large and small.
JPMorganChase has been the subject of an ongoing investigation at the hands of the DOJ. The investigation concerns bad mortgage securities the bank offered during the run up to the financial crisis. The company is reportedly in talks to pay upwards of $11 billion. This would include $4 billion in restitution to struggling homeowners and $7 billion in fines payable to the DOJ.