OCC Hits JPMorgan With $250M Fine Over Fiduciary Biz

Law360 (November 24, 2020, 11:28 AM EST) -- The Office of the Comptroller of the Currency said Tuesday that it has imposed a $250 million fine on JPMorgan Chase Bank, citing deficiencies in the bank's internal controls and audit program for its massive fiduciary business.

JPMorgan Chase Bank on Tuesday was hit with a $250 million fine over alleged deficiencies related to its fiduciary business. (AP Photo/Mark Lennihan) The OCC said JPMorgan Chase Bank NA agreed to pay the fine without admitting or denying the agency's findings. Although the alleged deficiencies existed for several years, the bank has now remediated them, according to the agency's consent order imposing the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!