A federal agency that oversees JPMorgan Chase & Co. is taking heat over how much it knew about risk-taking in the part of the bank that suffered more than $2 billion in trading losses, the Wall Street Journal reported today. Sen. Sherrod Brown (D-Ohio) asked the Comptroller of the Currency Thomas Curry on Friday for details about the regulator's supervision of trading operations at the largest U.S. bank by assets. Brown also wants more information about the Office of the Comptroller of the Currency's "process for reviewing trading operations" at JPMorgan and other big banks.
