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IPFS News Link • Housing

Gov’t orders JPMorgan to fix oversight tied to $6B trading loss, money laundering

• AP
JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion.

Federal regulators also on Monday cited the bank for lapses in oversight that allowed the bank to be used for money laundering.

 

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