JPMorgan's 13 billion dollar fine: How 'the good boy' got in trouble

October 29, 2013

JPMorgan Chase recently reached a tentative settlement for 13 billion dollars with the U.S. authorities for selling bad mortgage-backed securities prior to 2008.

The bank used to be "the good boy" on Wall Street and appeared as the strongest player in banking during the 2008 meltdown.

Forbes-reporter Hala Youryalai tells the story of how the biggest bank in the U.S. got in trouble.