The Office of the Comptroller of the Currency, which had 65 examiners at JPMorgan offices, admits the lapse at a Senate Banking Committee hearing.WASHINGTON — The top U.S. bank regulator had no inkling of JPMorgan Chase & Co.'s more than $2-billion trading loss until just weeks before it became public — even though the agency had 65 examiners working full-time at the firm's Manhattan headquarters and other company offices.
Regulator Unaware Of Jpmorgan Loss Until Weeks Before Disclosure
By Jim Puzzanghera, Los Angeles Times, Los Angeles Times: Business
Thu, 06/07/2012 - 12:00am
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