Conspiracy
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Taipan Daily: Three Ways to Tell if Your Bank Is Safe
Late Friday evening, the Associated Press announced that six banks in Georgia, Ohio, New Jersey and Wisconsin were closed down by regulators: The Federal Deposit Insurance Corp. on Friday took over the Georgia banks: Bank of Ellijay, in Ellijay, with $168.8 million in assets; First Commerce Community Bank of Douglasville, with $248.2 million in assets; […]
Money Morning Mailbag: Big Banks Under Fire for Metals-Market Manipulation
A New York Post article in May reported that the Department of Justice had launched an investigation into the supposed metals-market manipulation by JPMorgan Chase & Co. (NYSE: JPM).
The article alleged that JPMorgan, which holds a number of derivatives in precious metals, attempted to lower the price of silver for its own profit. JPMorgan was quick to issue a response, stating there was no criminal or civil investigation into the company's silver trading practices.
But as word spread around the Web, readers' comments poured in with concerns over the news:
The article alleged that JPMorgan, which holds a number of derivatives in precious metals, attempted to lower the price of silver for its own profit. JPMorgan was quick to issue a response, stating there was no criminal or civil investigation into the company's silver trading practices.
But as word spread around the Web, readers' comments poured in with concerns over the news: