The Traderszone Network

Published in TZ Latest News 9 May, 2014 by The TZ Newswire Staff

JPMorgan examining its relationship with domestic U.S. banks: WSJ

The report cited its sources as saying the bank started the review in January and is examining its relationship with domestic correspondent clients, for which it clears payments and processes other transactions. JPMorgan has stopped soliciting new business from its few hundred clients and has also stopped accepting new clients until the review is complete, the Journal reported, citing people familiar with the matter. Banamex is already facing investigation by Mexico’s National Bank and Securities Commission for fraudulent loans.

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