JPMorgan Chase is working with KPMG to review the oversight of its traders across the bank’s markets division globally, Stefania Spezzati of Reuters reports, citing sources with knowledge of the review. When asked by Reuters why it had hired KPMG, JPMorgan said: "We invest heavily in our compliance and surveillance systems and often engage third parties to benchmark our capabilities. Such practices should not be taken for anything more than that." Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on JPM:
- Stripe planning to go public in next year or make deal, The Information says
- Corporate Coalition Creates New Digital Wallet
- JPMorgan files lawsuit against Frank, NY Times reports
- J.P. Morgan Asset Management Receives Regulatory Approval for 100% Ownership of China Joint Venture
- JPMorgan Asset Management receives approval for 100% ownership of China JV