Sen. Johnson leads banking hearing on JPMorgan lossesDaily RepublicSIOUX FALLS (AP) — Sen. Tim Johnson is questioning why the largest bank in the U.S. failed to have more risk controls in place, leading to more than $2 billion …
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Dimon: JPMorgan traders didn’t understand risks – Hartford Business
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Dimon: JPMorgan traders didn't understand risksHartford BusinessJPMorgan Chase CEO Jamie Dimon will tell Congress Wednesday that the bank's massive loss can be blamed on insufficient risk controls and a failure by …
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‘Inadequate’ controls led to JPMorgan loss – Aljazeera.com
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Aljazeera.com'Inadequate' controls led to JPMorgan lossAljazeera.comTop regulator tells senators that risk management at US's biggest bank was not up to job of preventing $2bn loss. A top US bank regulator has told legislators that "in…
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Regulator unaware of JPMorgan loss until weeks before disclosure – Los Angeles Times
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Moneycontrol.comRegulator unaware of JPMorgan loss until weeks before disclosureLos Angeles TimesBy Jim Puzzanghera, Los Angeles Times WASHINGTON — The top US bank regulator had no inkling of JPMorgan Chase & Co.'s more than $2-billion tradin…
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JPMorgan Faced Failure in Risk Controls, Regulators Say – San Francisco Chronicle
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JPMorgan Faced Failure in Risk Controls, Regulators SaySan Francisco Chronicle(Updates with Shelby comments on JPMorgan in ninth paragraph, Tarullo comments on Volcker rule and Europe in 19th paragraph.) June 6 (Bloomberg) — JPMorgan Chase & Co.&#…
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JPMorgan lacked risk controls – regulator – CNN
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CTV.caJPMorgan lacked risk controls – regulatorCNNBy Jennifer Liberto @CNNMoney June 6, 2012: 1:32 PM ET WASHINGTON (CNNMoney) — JPMorgan Chase's $2 billion in losses from risky bets can be blamed on "inadequate risk management," a feder…
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JPMorgan Faced Failure in Risk Controls, Regulators Say – San Francisco Chronicle
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New York TimesJPMorgan Faced Failure in Risk Controls, Regulators SaySan Francisco Chronicle(Updates with Johnson comment on losses in fifth paragraph, Merkley comments on Volcker rule in 11th paragraph.) June 6 (Bloomberg) — JPMorgan Chase & Co.&…
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JPMorgan Chase Board Reportedly Shaking Up Risk Policy Committee – American Banker
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The board of JPMorgan Chase & Co. (JPM) is expected to shake up its risk policy committee in the wake of more than $2 billion in trading losses… The blowup at the nation’s largest bank by assets has raised questions among shareholders about the strength of risk controls and the level of oversight at the…
