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>> JAMIE DIMON Latest News

SEP 13, 2013 - Huffington Post

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JPMorgan Chase To Spend Another $4 Billion To Fix Risk And Compliance Issues: Report

NEW YORK, Sept 12 (Reuters) - JPMorgan Chase & Co plans to spend an additional $4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of investigations by regulatory authorities, the Wall Street Journal reported on Thursday. JPMorgan will spend $1.5 billion on managing risk and complying with regulations and plans to add $2.5 billion to its litigation reserves in the second half of the year, the Journal reported. The bank will also increase its risk-control staff by 30 percent, the WSJ said, citing people familiar ... Read More

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