BUSINESS
08/10/2012 12:43 pm ET Updated Aug 10, 2012

JPMorgan Chase's 11 Biggest Problems

FILE-In this June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testif
FILE-In this June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies on Capitol Hill in Washington, before the Senate Banking Committee about how his company recently lost more than $2 billion on risky trades. Morgan Stanley, the storied investment bank, reported Thursday, July 19, 2012, that its revenue was down sharply for April through June and its profit missed Wall Street expectations. The report capped a dismal season for the banking industry. This spring was marked by choppy financial markets, concern across the global economy, awkward adjustments to new regulations and one scandal after another. (AP Photo/J. Scott Applewhite, File )

Jamie Dimon probably wishes he were more like Jay-Z: It must be nice to have only 99 problems.

His bank, JPMorgan Chase, the biggest bank in the U.S., unveiled a long list of lawsuits and regulatory probes in a filing with the Securities and Exchange Commission on Thursday. One of the most noteworthy was the fusillade of subpoenas and lawsuits hitting the bank from around the world as part of its alleged involvement in the manipulation of Libor, a key lending rate.

But Libor is far from the bank's only problem: It is being sued and investigated for everything from its $5.8 billion loss on crazy credit derivatives bets to its alleged manipulation of electricity markets.

"The lawsuits and investigations in which JPMorgan is ensnarled consume eight pages of the firm’s quarterly filing (10Q) and more than 9,000 words," Pam Martens of Wall Street On Parade calculated. "Anyone reading the details would be right to question if JPMorgan is a bank or a mega legal defense fund."

The bank has spent $3 billion on litigation so far this year, she notes, or more than half its London Whale loss.

Without further ado, here's a list of some of the pickles JPMorgan has gotten itself into. This isn't even the full list -- just the more colorful ones.

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JPMorgan Chase Lawsuits And Regulatory Probes
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