Money

Regulator: JP Morgan Had ‘Inadequate’ Risk Controls
Regulator: JP Morgan Had ‘Inadequate’ Risk Controls
Regulator: JP Morgan Had ‘Inadequate’ Risk Controls
WASHINGTON (AP) — A top federal regulator says JPMorgan Chase had weak controls in place to contain risk in its investment division that suffered a $2 billion-plus trading loss. U.S. Comptroller of the Currency Thomas Curry is telling a Senate panel that the nation’s largest bank began reducing the amount of hedging it was doing to minimize potential losses at the end of 2011...

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