NEW YORK: JPMorgan Chase & Co plans to spend an additional $4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of investigations by regulatory authorities, the Wall Street Journal reported on Thursday.
JPMorgan will spend $1.5 billion on managing risk and complying with regulations, and plans to add $2.5 billion to its litigation reserves in the second half of the year, the Journal reported.
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