Senate report criticizes JPMorgan risk management

03/15/2013 | CNBC · Reuters · Wall Street Journal, The

A Senate Permanent Subcommittee on Investigations report on JPMorgan Chase's derivatives-trading losses is critical of the bank's risk oversight and regulators that permitted the trades. The case "provides a startling and instructive case history of how synthetic credit derivatives have become a multibillion-dollar source of risk within the U.S. banking system," according to the report.

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CNBC · Reuters · Wall Street Journal, The

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