News Headline Summary

A US regulatory probe is to result in a an order than JP Morgan (JPM) corrects the lapses in policing suspect money flows, according to sources

Says:
- JP Morgan not expected to pay a monetary fine.
- Ceases and desist order against the Co. by the US Comptroller of Currency and Fed could come as soon as today.
- JP Morgan declines to comment.

Analysis details (05:55)

- This follows fines for both UK-listed Standard Chartered (STAN LN) and HSBC (HSBA LN) following similar anti-money laundering probes.
- Citigroup (C) has also been the subject of regulatory probes, resulting in no monetary penalties.

11 Jan 2013 - 05:52 - Equities - Source: Newswires

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