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Regulator: JPMorgan had ‘inadequate’ risk controls

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… Continue Reading Regulator: JPMorgan had ‘inadequate’ risk controls