JPMorgan to fix risk management
Published 16/01/2013 | 08:00
America's biggest bank has been ordered to correct poor risk management that led to a surprise trading loss last year of more than €6bn (£3.7bn).
US government regulators also cited JPMorgan Chase for lapses in oversight that could allow it to be used for money laundering. JPMorgan will not pay a fine under the agreement.