Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02
Investments

JPMorgan ups spending on compliance

JPMorgan Chase (JPM) CEO Jamie Dimon told employees in a memo that the bank increased its “spending on control efforts” by $1 billion approximately, Seeking Alpha reports.

Furthermore, the bank hired 3,000 employees for its compliance and legal departments.

Seeking Alpha has more on these initiatives:

The $700M-$800M in fines the bank is paying over the London Whale issue is little more than a flesh wound says FBR's Paul Miller, reminding the bank generates pretax income in the $30B-$40B range. While the issue is a "giant headache for Jamie" and a few big lawyers, it's not affecting the operations of the bank, says Miller.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please