(Bloomberg) JPMorgan Chase & Co.’s board of directors assigned former KPMG International Chairman Timothy Flynn to its risk committee after an internal probe blamed lax controls for a $5.8 billion trading loss in London.
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Flynn, who retired from the accounting firm in October and was elected to JPMorgan’s board in May, joined the risk panel in July, confirmed Joe Evangelisti, a spokesman for the New York-based lender.
The company is the largest bank in the U.S. by assets.