BANKTHINK

Regulators to JPM: Don't Ever Let Us Catch You Doing That Again

Receiving Wide Coverage ... JPM's Parking Tickets: The Fed and OCC hit JPMorgan Chase with enforcement actions related to last year's $6 billion trading loss and inadequate anti-money laundering controls. The orders include no monetary fines or admission of wrongdoing, just remediation steps (wryly summed up by the FT's Alphaville blog: "Look into my eyes: you will implement the Action Plan.") Then again, as one journalist tweeted while the news was disseminating Monday afternoon, "in all…

To continue reading Morning Scan, please log in or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.