JPMorgan Enhanced Control Efforts – CEO Memo To Staff

JPMorgan Chase & Co (NYSE:JPM)’s CEO Jamie Dimon vowed to strengthen control efforts to fix compliance and control problems. In his memo to employees Tuesday, the CEO encouraged staff to continue “facing our issues, and rolling up our sleeves to fix” the compliance and control problems. Strengthening control efforts As reported earlier, last week the bank reported that it would induct 3,000 employees to the bank’s control staff to work on legal and regulatory matters. Besides this, the bank also indicated its intention to enhance its spending on control efforts by about $1 billion. Control tops agenda In his memo…