The Associated Press

Work

Articles

Media

  • People stand in the lobby of JPMorgan Chase headquarters in 2012 in New York. Regulators in the U.S. and U.K. said Thursday the largest U.S. bank's weak oversight of its London operation allowed traders there to assign inflated values to transactions and cover up huge losses as they ballooned. JPMorgan acknowledged the failure of oversight.
    People stand in the lobby of JPMorgan Chase headquarters in 2012 in New York. Regulators in the U.S. and U.K. said Thursday the largest U.S. bank's weak oversight of its London operation allowed traders there to assign inflated values to transactions and cover up huge losses as they ballooned. JPMorgan acknowledged the failure of oversight.
    slideshow
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides