The European Central Bank (ECB) is set to hold a high-profile hearing for JPMorgan, where the bank will face allegations of a major mistake that has caught regulators off guard. The exact nature of this “huge mistake” remains unclear, but sources suggest it could be related to one of several recent controversies surrounding the financial institution.
The court hearing marks a significant development in an ongoing investigation into JPMorgan’s practices and policies. While details about the alleged error are still scarce, the ECB’s decision to hold a public hearing implies that the outcome is potentially severe.
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Source: https://www.ft.com/content/45e1a354-c539-40a5-8f06-24ed25bcd5a5