Failings at JP Morgan bank led to €4.4bn loss

America’s biggest bank has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than six billion dollars (€4.4bn).

Failings at JP Morgan bank led to €4.4bn loss
Tue, 15 Jan, 2013 - 07:12

America’s biggest bank has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than six billion dollars (€4.4bn).

US government regulators also cited JPMorgan Chase for lapses in oversight that could allow it to be used for money laundering.

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CourtsBusinessHeathrowPlace: AmericaPlace: USPlace: LondonPlace: IranPlace: LibyaPlace: New York CityPlace: SudanPlace: BurmaPerson: Comptroller of the CurrencyPerson: Mark KornblauPerson: Jamie DimonPerson: Ina DrewOrganisation: JP MorganOrganisation: US governmentOrganisation: JPMorgan ChaseOrganisation: JPMorganOrganisation: Federal ReserveOrganisation: USOrganisation: Treasury DepartmentOrganisation: Britain’s Financial Services AuthorityOrganisation: CitibankOrganisation: HSBCOrganisation: Justice DepartmentOrganisation: Standard Chartered Bank
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