There are still many more shoes to drop, after the much anticipated JPMorgan Chase $13bn settlement, say industry watchers.
'I would think that the other banks would love to get a settlement at this point', said Professor John C. Coffee, of Columbia Law School.
“'Other banks are going to need to work this out, and we don’t know about the other shoe that will drop', said Coffee.
But the message is clear: Nobody needs all the publicity that J.P. Morgan got.
And apparently there is more to come or at least that’s the hint from regulators.
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