JPMorgan could not be immediately reached for
comment outside regular U.S. business hours.
Last year, the company agreed to about $20 billion in
settlements to clear up legal claims. The deals covered claims
about mortgage issues, as well as derivatives and power trading.
According to the WSJ report, the bank's Chief Administrative
Officer, Lou Rauchenberger, has been appointed as interim chief
compliance officer and the company is looking for a permanent
Earlier on Tuesday, the JPMorgan announced 8,000 jobs cuts and
lowered its 2014 profit target, hurt by weakness in its mortgage
and trading business.
(Reporting by Anannya Pramanick in
Bangalore; editing by Edwina Gibbs)
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