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Regulators Outline Fixes For JPMorgan Chase & Co (JPM) To Make Following London Whale Losses

Regulators Outline Fixes for JPMorgan Chase & Co (JPM) to Make Following London Whale Losses

A pair of federal oversight agencies have issued orders against JPMorgan Chase & Co. (NYSE:JPM) outlining improvements to be made in JPMorgan's Bank Secrecy Act/Anti-Money Laundering policies and the firm's Chief Investment Office, which was involved in the "London Whale" $6 billion trading loss.

Click here and here for links to the "cease and desist" orders issued by the Federal Reserve Board and the Office of the Comptroller of the Currency.

Read Full>> http://newsdoors.blogspot.com/2013/01/regulators-outline-fixes-for-jpmorgan.html