(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.
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.
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