Wednesday, June 6, 2012

Regulator: JPMorgan had 'inadequate' risk controls

 

Board of Governors of the Federal Reserve System member Daniel Tarullo, testifies on Capitol Hill, in Washington Wednesday, June 6, 2012, before the Senate Banking Committee hearing on "Implementing Wall Street Reform: Enhancing bank supervision and reducing systemic risk" . (AP Photo/Manuel Balce Ceneta)JPMorgan Chase had weak controls in place to contain risk in its investment division that suffered a $2 billion-plus trading loss, a key federal regulator said Wednesday.

Regulator: JPMorgan had 'inadequate' risk controls
Wed, 06 Jun 2012 20:50:22 GMT

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