4:22am

Tue January 15, 2013
Business

JPMorgan Chase Agrees To Beef Up Risk Management

Originally published on Tue January 15, 2013 6:06 am

Banking regulators are telling JPMorgan Chase that it must take action to improve its risk analysis and money-laundering controls. The bank racked up a $6 billion trading loss last year. CEO Jamie Dimon cited managerial lapses and called the loss inexcusable.