JPMorgan Chase & Co (NYSE:JPM)’s CEO Jamie Dimon vowed to strengthen control efforts to fix compliance and control problems. In his memo to employees Tuesday, the CEO encouraged staff to continue “facing our issues, and rolling up our sleeves to fix” the compliance and control problems. Strengthening control efforts As reported earlier, last week the bank reported that it would induct 3,000 employees to the bank’s control staff to work on legal and regulatory matters. Besides this, the bank also indicated its intention to enhance its spending on control efforts by about $1 billion. Control tops agenda In his memo…
JPMorgan Enhanced Control Efforts – CEO Memo To Staff
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