When JPMorgan Chase & Co. set out to sell its powerhouse commodities unit, the group’s boss, Blythe Masters, made it clear that she wanted to go along with the business and continue as its chief.
JPMorgan Chase & Co. will pay $410 million to settle U.S. Federal Energy Regulatory Commission allegations that the bank manipulated power markets, enriching itself at the expense of consumers in California and the Midwest from 2010 to 2012.
JPMorgan Chase & Co. is reviewing its correspondent banking unit and not taking on new business from foreign lenders after regulators identified deficiencies in its anti-money-laundering procedures.
"We did not receive any complaints during the process."
- Brian Marchiony on Apr 10, 2014