U.S. opens another investigation the bank JP Morgan to alter energy prices
Legal pressure from U.S. authorities about JP Morgan Chase continues. The Justice Department just reopened the file by manipulating the energy market, on the latest research to which the governing body faces Jamie Dimon. Meanwhile, the stock market regulator examines hiring practices in China, if violated law punishing bribery.
JP Morgan is the largest financial group by assets U.S.. At the end of July and agreed to the energy regulator disbursement of 410 million dollars (305 million euros) to manipulate the price indices of electricity in California and several states in the Midwest. But as in a similar case with Barclays, the firm did not admit having engaged in irregular behavior.
At the forefront of research, still in its infancy, is Preet Bharara. The prosecutor in the Southern District of New York is the same as indicted last week by Spanish director Javier Martin-Artajo of falsifying documents to conceal losses regulators that JP Morgan was suffering in an investment portfolio managed from London.
JP Morgan was seen up to this financial fiasco as the entity that helped the U.S. government to stabilize the financial sector in crisis. Now, however, we investigate every detail of their operations. Washington has the suspicion that the entity has hired the son of an influential official in China to gain contracts in the country.
Also this case is at an early stage. In the corridors of Wall Street are beginning to see these legal initiatives as further evidence that Washington seeks to reduce the size of large systemic institutions. Dimon is precisely one of the opponents on starting the business of banks. Despite the siege, their titles are worth 40% more than a year ago.
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