The US largest multinational banking holding company was accused of theft of funds from customer accounts. The police found out, that the illegal cash withdrawals were performed by the two employees of JP Morgan, who made bank cards to get access to the accounts of elderly clients and to the inactive accounts of deceased clients. The total amount of the theft was about $ 400 000. The investigation is still going, but it can be noted, that this case will ruin the reputation of the bank, which will influence the amount of clients.
The negative news has immediately affected the value of JP Morgan shares, which has already decreased by 0.72% and still continues to decline. Traders will be able to earn money on a further fall. Trading will be available during the American session, from 13:40 to 20:00 GMT time.