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

- 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 (10:55)

- 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 - 10:52 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: