Skip to main content

Newsroom

March 18, 2013

J.P. Morgan Gets Regulatory Slap

The Office of the Comptroller of the Currency has downgraded J.P. Morgan Chase & Co.’s confidential management rating, a significant slap for the largest U.S. bank.

Sen. Carl Levin let the penalty slip during a Senate Permanent Subcommittee on Investigations hearing on a series of botched trades that last year cost J.P. Morgan more than $6 billion in losses.

After Sen. Levin finished his questioning Friday of all witnesses, he noted the OCC had “lowered” J.P. Morgan’s “management rating”—a reference to the “M’ in the so-called “Camels” rating that measures an institution’s overall health.

Each letter in Camels stands for a different aspect of a bank’s condition—Capital adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity to market risk.”It is rare for a management downgrade to be discussed publicly. Regulators consider them to be confidential.”

***

Read full Wall Street Journal article here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today