The report cited its sources as saying the bank
started the review in January and is examining its relationship
with domestic correspondent clients, for which it clears
payments and processes other transactions.
JPMorgan has stopped soliciting new business from its few
hundred clients and has also stopped accepting new clients until
the review is complete, the Journal reported, citing people
familiar with the matter.
It said the companies under review include Citigroup Inc <C.N>
unit Banamex USA, according to the report. Banamex is already
facing investigation by Mexico's National Bank and Securities
Commission for fraudulent loans.
JPMorgan and Citigroup could not be reached for comment outside
usual U.S. business hours. (http://r.reuters.com/wyw29v)
(Reporting by Anannya Pramanick in Bangalore; Editing by David
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