It wasn't all that long ago that a corporation having admitted to a criminal felony would have its charter pulled and be shut down. That idea now seems quaint, at least when it applies to Wall Street.

Over the last seven years, with Chairman and CEO Jamie Dimon at the helm, JPMorgan Chase has managed to do what no other federally-insured American bank has managed to do in the history of banking in the United States. The bank has admitted to five separate felony counts brought by the U.S. Department of Justice, while regulators took no action to remove the Board of Directors or Jamie Dimon.

Now, once again, the outrageous hubris of this Board is on display. Just last fall the bank forked over $920 million of shareholders money to settle its fourth and fifth felony counts brought by the Department of Justice, this time for rigging the precious metals and U.S. Treasury market. Now, in the dog days of summer, rarely a time for bonuses on Wall Street, the JPMorgan Chase board announced on July 20 that it is giving Dimon 1.5 million stock options which, according to a specialist cited at Bloomberg News, have a total value of $50 million on paper.

The JPMorgan wrap sheet makes the mafia look like amateurs. Just in the last 20 years JPM has been subject to "at least 80 major legal actions that have resulted in over $39 billion in fines and settlements".
This was in 2021. The criminality at JPM hasn't stopped. In January they had to pay an $18 million fine for violating whistleblower protection laws.

“Whether it’s in your employment contracts, settlement agreements or elsewhere, you simply cannot include provisions that prevent individuals from contacting the SEC with evidence of wrongdoing,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “But that’s exactly what we allege J.P. Morgan did here. For several years, it forced certain clients into the untenable position of choosing between receiving settlements or credits from the firm and reporting potential securities law violations to the SEC. This either-or proposition not only undermined critical investor protections and placed investors at risk, but was also illegal.”

Remember Bernie Madoff? Years later it was revealed that JPM worked hand in glove with him.
Remember Enron. JPM had to pay over $2 billion for their role in facilitating that fraud. In fact, it's to think of a major financial fraud scandal in the last couple decades that JPM wasn't part of.
Just a few days ago it was reported that JPM was getting fined $350 million for failing "to monitor billions of instances of trading activity on at least 30 global trading venues."
Federal data shows that JPMorgan Chase is by far, the most systemically dangerous bank in the United States. Just a few weeks ago, American Banker released a report showing that five banks in the U.S. hold a combined half trillion dollars in a collapsing commercial real estate (CRE) loans. It came as a big surprise to a lot of folks that the bank holding the largest amount of CRE loans is JPMorgan Chase – whose bank holding company is also exposed to $49 trillion in derivatives as of December 31, 2023 according to the Office of the Comptroller of the Currency.
In a bit of irony, JPM has announced a new hiring program for ex-felons.

People with criminal backgrounds can face barriers to employment, said Lamb. The bank, which had 271,025 employees as of year end 2021, has eliminated questions about criminal records from initial job applications, he said. The bank has also linked up with external partners on resume and career coaching services.

“We’re hiring thousands of individuals with criminal backgrounds into the workplace at our firm,” Lamb said.

I find myself concerned about these ex-felons. Getting hired at JPM can put them in touch with the wrong kind of crowd.