Bank One Dilema

Background The situation depose whiz faced is indeed a delicate and lethal one for the company. In hopes of earning high profits, coast nonpareil engaged in illegal and unethical serve in the mutual fund market. posit hotshot is non the only organization engaged in the illegal invest but other financial firms are too. save in the verge of time, the crime was caught and all of the concerned were prosecuted. The new oversight did whatever it could to save the firm from extinction. But the poor presage of the strategic objectives set by the previous prudence of brink One really put Bank Ones future into jeopardy. The new management on the other grant was quick to adapt the gear up and foreseeable strategic objectives in to place in order to save the organization. The new management at Bank One not only selected the correct strategies, but even put into play or utilize the management strategies accordingly. The new management at Bank One took up the strategy to save the brand by promoting positively charged image of the company and by supporting all the menace holder to their level best. They even set up a merger with J.P. Morgan Chase creating the second largest financial institution in the world.

But before the merger, Jamie Dimon, CEO of Bank One Corporation needs to settle the final settlement of the charges brought by the Securities and Exchange care (SEC) and New York State Attorney General Eliot Spitzer against Bank One Investment Advisors Corporation. The mutual fund scandal started when Bank One, Bank of America, Janus, and Strong Capital came under investigation for improper and/or illegal trading practices. Every thing started when Bank One was named in a complaint brought by the SEC and Eliot Spitzers office against Canary Capital Partners. Bank One was the pop off of the four companies to reach a settlement with the SEC. Under storm to reach an agreement before the merger with J.P. Morgan Chase took place, Bank One agreed to a $90 million settlement.... If you indirect request to get a full essay, order it on our website: Orderessay

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