Another Fine for JPMorgan Chase

Federal Energy Regulatory Commission (FERC) will fine Chase at least $500,000,000 for manipulating energy prices in Michigan and California.  This follows a six-month suspension of JP's right to sell power.

Chase obviously considers fines and other legal expenses simply the regular costs of doing business.  In the past three years they've spent over $16 billion in litigation costs, which is 12% of their net revenue.  And it does not appear as though these costs will diminish as Chase is being investigated in Britain, Japan and the U.S.