The Fed ratchets up the heat on JPMorgan's (JPM) trading scandal by launching its own...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

The Fed ratchets up the heat on JPMorgan's (JPM) trading scandal by launching its own investigation into the losses. Federal Reserve officials are gathering more information about the trading position that led to a $2B hit, which they apparently have known about for several weeks. Separately, the CFTC has been reviewing JPM’s derivatives trading activities since last month, but has yet to take any action.