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Regulatory 'Whale' Hunt Advances.

Authors :
FITZPATRICK, DAN
LUBLIN, JOANN S.
Source :
Wall Street Journal - Eastern Edition. 12/21/2012, Vol. 260 Issue 149, pC1-C2. 2p. 1 Color Photograph.
Publication Year :
2012

Abstract

The article reports that the U.S. Office of the Comptroller of the Currency (OCC) is getting ready to announce an enforcement action against banking company J. P. Morgan Chase & Co. in response to over $6 billion in trading losses produced by Bruno Iksil, a trader in the firm's London, England office. OCC could demand that Morgan take steps to improve its risk controls, and demonstrate the efficacy of those measures.

Subjects

Subjects :
*BANKING industry

Details

Language :
English
ISSN :
00999660
Volume :
260
Issue :
149
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
84413020