The Office of the Comptroller of the Currency reportedly told lawmakers it missed changes to JPMorgan's risk-tracking system that might have flagged bad bets sooner.
JPMorgan Chase and a U.S. regulator reportedly will face criticism for lax oversight in a report by Senate investigators on the bank’s $6.2 billion trading loss.
The Senate Permanent Subcommittee on Investigations released findings of a year-long probe on HSBC's failure to curb money laundering for the Mexican cartel and even terrorists. There seems to be a pattern across the entire financial system, and it has to stop.