The Office of the Comptroller of the Currency reportedly downgraded JPMorgan's (JPM) management...

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

The Office of the Comptroller of the Currency reportedly downgraded JPMorgan's (JPM) management in the summer to "3" from "2" in a confidential scorecard - although clearly not all that confidential - following the $6B London Whaling Loss. The scale of the grading is 1-5, with three signifying that "the capabilities of management or the board of directors may be insufficient." JPM expressed surprised at the downgrade and promptly reshuffled its execs.