Post $13B-settlement, JPMorgan’s GC questions big bank fines

Stephen Cutler recently got confrontational with regulators during a panel discussion in New York

Just days following the announcement of JPMorgan Chase’s $13 billion settlement with the Department of Justice (DOJ) and other agencies over tainted mortgage securities, the bank’s general counsel got confrontational with regulators during a panel discussion in New York.

Stephen Cutler, JPMorgan’s top lawyer, reportedly attempted to stimulate a discussion about how regulators exercise their power in the future, according to The Wall Street Journal (WSJ), namely the recent escalation in fines for the largest U.S. banks in the wake of the 2008 financial crisis.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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