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SARAH BETH COLUMN: JP Morgan in sights of Currency Comptroller, OFAC chasing Swiss private bank

BUSY WEEK: Our file photo shows the J.P. Morgan logo sign on the entrance of a glass office building in Midtown Manhattan, New York.

A busy Thursday, with two US federal agencies penalizing JPMorgan Chase and OFAC issuing a penalty against a Switzerland-based private banking firm, EFG International AG.

JPMorgan Chase & Co. received two CMPs today by the Office of the Comptroller of the Currency and the Federal Reserve Board – totaling $348.2MM. Whew. That’s a doozy.

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