ECB fines JPMorgan 12.2 mln euros over capital reporting error
FRANKFURT, Feb. 19 (Xinhua) -- The European Central Bank (ECB) said on Thursday it had imposed two administrative penalties totaling 12.18 million euros on JPMorgan's European arm for misreporting capital requirements after wrongly calculating risk-weighted assets.
The ECB found that between 2019 and 2024, JPMorgan reported lower risk-weighted assets than it should have done.
Citing its other wrongdoings,