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 fairness, I think the initial monetary penalty of $6 billion was plenty." Also, regulators left the door open to further action, and there are reportedly pending investigations of the trading loss from the U.K. Financial Services Authority, and in the U.S. from the SEC, CFTC and Sen. Carl Levin's Permanent Subcommittee on Investigations. On Wednesday, the bank is expected to release an internal report criticizing management's handling of the London Whale debacle, and, as earlier reported, bonuses are likely to be cut for CEO Jamie Dimon and former CFO (now vice chairman) Doug Braunstein. Wall Street Journal, Financial Times, New York Times, Washington Post

Other JPM News: The bank laid off more than 800 contract workers involved in the foreclosure review process that was cut short by the recent OCC multibank settlement, the Journal reports. Separately, the paper says JPMorgan promised foreign exchange clients its sales force will no longer noodge them to vote for the bank in the annual Euromoney FX poll. This is a bigger deal than it sounds. "It is well known within FX circles that huge pressure is placed on bank sales staff to get clients to fill in the survey, even if that means plying them with gifts, fancy dinners and ski trips.... Citigroup Inc. made their FX staff across the world wear lurid t-shirts to remind them constantly of the need to secure client votes."

Wall Street Journal

"MetLife Exits Banking With Sale to GE," completed more than a year after the deal was disclosed. The insurance company is now working on shedding BHC status.

"Banker Isn't Contesting His Extradition To US," from U.K., to face criminal charges for allegedly manipulating MBS prices while he worked at Credit Suisse during the crisis.

New York Times

"The Banker Who Put His Faith in Armstrong": Banker as in investment banker (Silicon Valley legend Thomas Weisel), Armstrong as in Lance.

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