Advertisement

You will be redirected to the page you want to view in  seconds.

JPMorgan Chase told to fix policies over $6B loss

6:28 PM, Jan. 15, 2013  |  Comments
  • Filed Under

JPMorgan told to fix controls tied to $6B loss

JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion.

Federal regulators are also citing the nation's largest bank for lapses in control that allowed the bank to be used for money laundering.

JPMorgan will not pay a fine under the agreements with the Federal Reserve and the U.S. Comptroller of the Currency, a Treasury Department agency. JPMorgan promised to strengthen its policies and procedures to control risk and to screen customers to prevent money laundering.

What's your take on the Packers Family Night change?

Retrieving results.
Watching practice is fine.(Your vote)
15%
570 votes
I'd rather watch a scrimmage.(Your vote)
22%
845 votes
I don't want to pay to watch practice.(Your vote)
27%
1009 votes
It doesn't matter to me.(Your vote)
34%
1264 votes

Catch up on the latest in our pregame show every game day.

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports

ORDER YOURS

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports