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No
bank too big to indict, U.S. attorney general says
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[January 25, 2014]
WASHINGTON (Reuters) — No American
financial institution is too large to indict and no bank executive
immune from criminal prosecution, Attorney General Eric Holder said
in a television interview.
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 In an interview with MSNBC scheduled to be broadcast on Friday,
Holder cited the case against JPMorgan Chase & Co, which in November
agreed to a civil settlement under which it would pay $13 billion to
end a series of government investigations into its marketing and
sale of mortgage-backed securities.
The settlement with JPMorgan, the largest U.S. bank, allowed
prosecutors to pursue criminal charges if warranted, and that
investigation is ongoing.
"There are no institutions that are too big to indict," Holder said,
according to an MSNBC transcript released before the interview.
"There are no individuals who are in such high-level positions that
they cannot be indicted, criminally investigated," he said.
The Justice Department is investigating "significant financial
institutions," Holder said without elaborating.
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"And the focus of those investigations is not only on the
institutions but on individuals as well," he told MSNBC.
Holder told Reuters in December the Justice Department plans to
bring civil mortgage fraud cases against several financial
institutions early in 2014, using the JPMorgan case as a template.
(Writing by Doina Chiacu; editing by
Steve Orlofsky)
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