I always thought that if you worked for an employer, that employer had to take out insurances.
I never dreamt that an employer could hold a life insurance policy on any employee...the mind boggles.
I have just been reading the article and if you look around the page, JPMorgans name comes up a lot, for various reasons, none of them good reasons I
Anyway read on. If this is posted in the wrong section mods, feel free.
I had to add the link for Bats in the belfry, as an extension the thread I presented on HFT. Things are really going to s%#t for the swindlers, ain't
Families of young JPMorgan Chase workers who have experienced tragic deaths over the past four months, have been kept in the dark on many details,
including the fact that the bank most likely held a life insurance policy on their loved one – payable to itself. Banks in the U.S., as well as
other corporations, are allowed to make multi-billion dollar wagers that their profits from life insurance policies on employees will outstrip the
cost of paying premiums and other fees. Early deaths help those wagers pay off.
Sudden Deaths of JPMorgan Workers Continue
Kenneth Bellando, age 28, was found outside his East Side apartment building on March 12 in what the New York Post is calling “an apparent
suicide” despite an ongoing police investigation into the matter. The building from which Bellando allegedly jumped was only six stories – by no
means ensuring that death would result – providing the police with an additional reason to investigate for foul play
Russia says JPMorgan 'illegally' blocked embassy money transfer
MOSCOW (Reuters) - Russia accused U.S. bank JPMorgan on Tuesday of "illegally" blocking a payment from one of its embassies to an insurance agency
"under the pretext of anti-Russian sanctions."
In a statement on its website, the Russian Foreign Ministry suggested the action, which it called "unacceptable, illegal and absurd," would have
consequences for the U.S. embassy and consulate in Russia.
One of the highest profile confrontations yet over U.S. sanctions, the move may increase tensions between Washington and Moscow and add to U.S.
companies' nervousness over doing business in Russia.
BATS in the Belfry: Charges Fly on CNBC Over Rigged Markets
During this past Sunday evening’s 60 Minutes segment on how high frequency traders in combination with stock exchanges selling high-speed access
have rigged the stock market, one stock exchange was called out by name: BATS. The program explored charges made in bestselling author, Michael
Lewis’ new book, “Flash Boys.”
Yesterday, the President of BATS Global Markets, Inc., William (Bill) O’Brien appeared on CNBC to debate Michael Lewis and the young entrepreneur
featured in his book, Brad Katsuyama, who has opened the IEX trading platform that promises to level the playing field by putting in speed bumps that
slow down high frequency traders.