Wall Street has been anything but boring this year. We've had record stock market highs, hyped up IPOs, activist investors gone wild, and red-faced moments for some prominent CEOs. There were enough momentous events, in fact, that we here at Money Morning decided to hand out a few awards.
Wall Street 2013
- The Best and Worst of Wall Street 2013
- Sorry CNBC, but the $13 Billion JPMorgan Fine Was No Shakedown
Many in the financial world seem to think that the $13 billion fine the government slapped on JPMorgan was excessive. But this was no first offense. JPMorgan, like other Too Big To Fail Banks, has a long and sordid track record of misdeeds.