JPMorgan Chase Learns it’s Not Too Big to Comply

JPMorgan Chase Learns it’s Not Too Big to Comply

Donna Boehme – Corporate Counsel – September 20, 2013

JPMorgan Chase & Co. has once again made big news on the compliance front, announcing its plans for a whopping $4 billion in additional spend, including hiring 5,000 extra employees, to fix ongoing compliance and risk gaps.

That would presumably include everything from the now­infamous “London Whale” debacle (just settled for $920 million in civil fines and a rare admission of guilt) to LIBOR rate ­rigging and manipulation of energy markets, to China­based practices of hiring dubiously qualified “sons and daughters” of government officials. . . .

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