Jpmorgan Opens South Korea Commercial Banking Office In International Expansion
Those controversial bargains were also the topic of a Senate investigation of irrespective of whether Chase and Citigroup had helped Enron carry out its accounting fraud. In 2003 the Securities and Exchange Commission announced that Chase would spend $135 million to settle charges relating to its function in helping Enron manipulate its monetary statements. And in 2005 Chase agreed to spend $2.2 billion to settle a suit brought by Enron investors who claimed the bank participated in the energy trading…