JPMorgan Chase & Company, the biggest bank in the United States, will not take on more correspondent relationships with foreign banks in a move to comply with orders from regulators to tighten risk ... more 
JPMorgan Chase & Company, the biggest bank in the United States, will not take on more correspondent relationships with foreign banks in a move to comply with orders from regulators to tighten risk controls, including safeguards against money laundering. IMF Managing Director Christine Lagarde said that Central banks in Europe, the United States and Japan have no need to rush to exit the ultra-easy monetary policies they have put in place to spur growth. American Airlines has urged a bankruptcy judge to approve its Chapter 11 restructuring plan, despite an antitrust challenge from the U.S. Department of Justice. less 
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Wochit
Fri, Aug 23, 2013 6:33 PM EDT