2013-23 Malfeasance continued

I wanted to take a break from the chronicles of malfeasance, but news took over. The biggest bank in the US is JP Morgan. It did pretty well during the Great Recession. But now it is facing numerous investigations. So - a banker's idea  - why don't we just pay off the investigators
This is from the WSJ, Just in case you cannot see it, a summary: they propose to pay a fine of $3billion.
Sounds like  a lot of money. But maybe it is not. It is less than half of their last quarter's profits.
Below is the list of fines so far.

I have seen a report  that a government agency proposed a fine of $20 billion. It will be interesting to see how it ends.
Andrew Ross Sorkin makes an interesting point about fines for malfeasance. Who pays them? Shareholders. Who is guilty? Management. Talk about other people's money.
In the "London whale" fiasco, the company lost $6 billion. This reduced profits and the value of shares. Now they paid almost $1 billion in fines. This reduces profits and the value of shares, yet again.