JP Morgan set to Revisit their Internal Control Procedures

Posted by Alex Roweon Tue, Apr 16, 2013 @ 03:45 PM
CEO of JPMorgan, Jamie Dimon, expresses confidence in the upswing of the economy based on the first-quarter results of the New York-based bank. Pointers of this are that the bank had set aside less budget to cover bad loans in its retail banking business, and that housing prices were beginning to improve. The bank funded $53 billion in mortgages, which is 37% higher than last year.
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Tags: Internal Controls, shareholders, JPMorgan, Jamie Dimon, mortgages, trading loss