From WSJ: J.P. Morgan Chase was downgraded in a confidential
government scorecard over concerns about the company's management and its
board, a blow to a firm that has long been considered one of the best-run on
Wall Street.
The New York company's management rating from the Office of
the Comptroller of the Currency fell one notch last July to a level that
signifies oversight "needs improvement," following the revelation of
what are known as the "London whale" trading losses, said people
familiar with the regulatory assessment.
Read all about it at http://online.wsj.com/article/SB10001424127887323639604578370781832140000.html
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