Bachus Comes to Defense of JPM Chase

Wack, Kevin
May 2012
American Banker;5/17/2012, Vol. 177 Issue 77, p1
Trade Publication
The article reports U.S. House Financial Services Committee Chairman Spencer Bachus defended JPMorgan Chase bank's $2 billion trading loss at a May 2012 legislative hearing on whether nonbanks should have a systemically important financial institution (SIFI) designation. The Financial Stability Oversight Council's draft rules on SIFI are discussed.


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