Thursday, December 20, 2012

Regulator Plans to Sanction JPMorgan on 'Whale' Trade-Report - NYTimes.com

Regulator Plans to Sanction JPMorgan on 'Whale' Trade-Report - NYTimes.com:

"(Reuters) - A U.S. bank regulator is planning to issue a formal action against JPMorgan Chase & Co, demanding that the bank fix lapses in risk controls that allowed some of its traders to build a risky bet that lost $6.2 billion, the Wall Street Journal reported on Thursday."

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