Senate JPMorgan Probe Said to Seek Tougher Volcker Rule
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Sept. 21 (Bloomberg) -- A U.S. Senate panel probing themultibillion-dollar trading loss by JPMorgan Chase & Co. plansto unveil its findings at a hearing this year to pressregulators to tighten the Volcker rule, according to threepeople briefed on the matter.
Staff members of the Permanent Subcommittee onInvestigations, headed by Senator Carl Levin, have interviewedJPMorgan officials as well as examiners and supervisors at theinstitution’s regulator, the Office of the Comptroller of theCurrency, said the people, who spoke on condition of anonymitybecause the inquiry isn’t public.