News Summary: JPMorgan ordered to fix oversight
Published: January 14, 2013
Leave a comment
FIX RISK MANAGEMENT: The government has ordered JPMorgan Chase & Co. to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion.
Advertisement
ANTI-LAUNDERING LAPSES: Federal regulators also cited JPMorgan, the biggest U.S. bank, for lapses in oversight that could allow the bank to be used for money laundering.
BANK PROMISES ACTION: JPMorgan promised to strengthen its policies and procedures to control risk and to screen customers to prevent money laundering.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
New Rule in WASHINGTON:
(APR 2013): If You Pay For Car Insurance You Better Read This...
www.ConsumerFinanceDaily.com
(APR 2013): If You Pay For Car Insurance You Better Read This...
www.ConsumerFinanceDaily.com
Prev
