Currency Comptroller Hints at Probe of JPMorgan Bank Charter and 2 Other Dow Movers to Watch
JPMorgan Chase & Co. (NYSE:JPM): Current price $52.78
According to The Wall Street Journal, JPMorgan now has yet another potential headache. Not only is the government looking into the bank’s links with Bernie Madoff, now, the Office of the Comptroller of Currency is suggesting that a review of the bank’s charter might be required. The Journal reports that the OCC made a comment in reaction to a U.S. attorney’s question concerning the ramifications of a criminal inquiry into JPMorgan’s relationship with Madoff and whether the company should have been more transparent with regulators in regards to Madoff’s activities.