Former JPMorgan Exec Might Have To Return Millions

JPMorgan Chase return money CIO
JPMorgan Chase return money CIO

By Dave Clarke and Alexandra Alper


(Reuters) - U.S. bank regulators will review whether JPMorgan Chase & Co executives should have to give back compensation due to the bank's failed hedging strategy that has produced at least $2 billion in losses, the head of the Office of the Comptroller of the Currency said.

OCC chief Thomas Curry said his agency will evaluate the compensation of the Chief Investment Office responsible for the trading loss, and will assess JPMorgan's determination on clawbacks as part of that evaluation.