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Report reveals 'turf battles' in NY Fed's supervision of JPMorgan Chase

Saturday, January 10, 2015 - 05:50

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BARRIER: Lack of NY Fed-OCC cooperation in looking into the affairs of JPMorgan.

Washington

THE Federal Reserve Bank of New York's overseeing of the JPMorgan Chase & Co office responsible for the US$6.2 billion trading loss attributed to the so-called London Whale was marked by "turf battles" and a tense relationship with another agency, according to a watchdog

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