JPMorgan Spending $4 Billion On Oversight

Mani

Published onSeptember 13, 2013

Updated on May 13, 2021

JPMorgan Chase & Co. (NYSE:JPM) plans to spend an additional $4 billion and add 5,000 more employees to strengthen its risk and compliance initiatives.

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Monica Langley and Dan Fitzpatrick of The Wall Street Journal feel the initiatives aim to protect the nation’s largest bank by assets from regulatory scrutiny ranging from trading oversight to mortgage-bond sales to overseas-hiring practices.

$18 billion legal expenses since 2008

JPMorgan Chase & Co. (NYSE:JPM) has spent over $18 billion in legal expenses since 2008, much greater than any other U.S. bank, as...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

JPMorgan Spending $4 Billion On Oversight

$18 billion legal expenses since 2008

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