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WSJ: OCC to Hit JPM With Enforcement Actions

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  • Description

    FBN’s Nicole Petallides with an afternoon market update.

  • Duration 1:41
  • Date

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Stocks are if it came as my check in right now -- -- -- heavily you know them warm.

I'm in New York Stock Exchange during the president's news conference big news crossing on JPMorgan a call.

That's right so let's take a look here at JPMorgan Dow component JPMorgan which you could see that intra day chart.

Sold off around looks like -- the lows around 10 AM it's been moving higher very -- fat.

That's more and that's an intraday chart Harry seems to be finished it's weird ticket down our -- -- a look at.

The fact is that stock is down about a half a percent.

Warning was strongest time of the day just look in the states -- for a came on.

Let's take a look at JPMorgan that is because you have regulators here and abroad looking closely to be -- member -- the whole London -- thing.

-- you have the office US office of the comptroller.

All of the currency and the Federal Reserve.

Looking into what happened and they are working with enforcement.

They're going to hit JPMorgan.

With enforcement actions these actions may be taken as early as today.

The actions will target risk management lapses money laundering controls that the also the same ad firm the US.

Basically this.

US Office of the Comptroller of the Currency on risk management that was tied.

The London well trading losses to the question is they are continuing to look into this don't forget it cost the company.

Over six billion dollars six point two last year.

And god they're still they're looking into whether trades at intentionally -- -- marked by some of the positions -- whether there was a cover up that's over at the UK financial services authority.

That is doing that.

So while it seems like silver it's not over yet and then now you could see enforcement actions being taken as early as today -- and it's back to --

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