The U.S. Federal Reserve announced on Thursday it had terminated a 2013 enforcem...
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
WASHINGTON - The U.S. Federal Reserve announced on Thursday it had terminated a 2013 enforcement action it imposed on JPMorgan Chase after the bank reported significant losses stemming from its “London Whale” trading scandal. The regulator said it decided to end the enforcement action after the bank had made substantial improvements in its risk management and internal audit functions since the 2013 order.
The bank lost $6.2 billion on the contracts arranged by a London-based bank trader, which attracted attention and criticism from policymakers in Washington.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The market is terrible at predicting Federal Reserve interest-rate moves, chart showsAfter an ugly May, the stock market is on track for its best weekly gain since November of 2018, at least partly on the back of hope that the Federal Reserve will soon reduce interest rates to help buoy an economy being buffeted by a tariff battle and sluggish global growth.
Weiterlesen »
Thousands of protesters and Trump baby blimp greet U.S. president in LondonHolding banners reading “Not in my name” and “Dump Trump,” protesters banged drums, chanted in unison and marched past Theresa May’s Downing Street residence where Trump was attending a roundtable discussion with business leaders.
Weiterlesen »
YouTube Has Decided Not To Take Action Against A Commentator Accused Of Harassing A Vox Host'Opinions can be deeply offensive, but if they don’t violate our policies, they’ll remain on our site,' YouTube said.
Weiterlesen »