You are here

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

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


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...

Market voices on: