NEW YORK: JP Morgan Chase & Co is facing a potential fine over “historical deficiencies” in internal controls in its role as an adviser to customers within its US bank, it disclosed in a regulatory filing.
The largest US bank, which earlier this year agreed to pay more than US$920mil and admitted to wrongdoing to settle federal US market manipulation probes, said it was in talks with a US regulator to resolve the latest issue.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
