JPMorgan Conducts ‘Deep Dive’ Review After Wells Fargo Lapse

Updated on
  • CFO Lake says JPMorgan found some lapses, no systemic problem
  • Incentive compensation designed for right behavior, she says

Workers raise a flag at JPMorgan Chase & Co. company headquarters in New York.

Photographer: Victor J. Blue/Bloomberg

JPMorgan Chase & Co. is conducting a “deep dive” into its sales practices after rival Wells Fargo & Co. settled a probe into the opening of unauthorized accounts.

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