J.P. Morgan has added at least five new employees over the past month to the risk department in its Chief Investment Office, the unit responsible for trading losses that may have climbed to $9 billion, according to people familiar with the matter. The bank is expanding the risk unit as it responds to the trading debacle and rebuilds the CIO, said one person familiar with the bank's thinking. [FINS]
JPMorgan Chief Risk Officer: "I want to reiterate the critical role that we play at J.P. Morgan Chase"
In case that was unclear. Also, no more "surprises" like you know what again, please.