JPMorgan warns of another potential regulatory fine tied to weak ‘internal controls’ at bank

JPMorgan signage on the door of an office building in New York.

Scott Mlyn | CNBC

JPMorgan Chase said that it is facing another potential fine weeks after paying a record penalty, this time over internal controls in wealth management and other areas.

The bank disclosed the impending action late Monday in a filing, saying that one of its regulators told the New York-based company that it faced action “related to historical deficiencies in internal controls and internal audit over certain advisory and other activities.”

The bank said that it had already improved its controls tied to the proposed penalty and is in ongoing discussions with the regulator, which it did not name.

This story is developing. Please check back for updates.

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