JPMorgan Chase & Co is trading 2.1% down at $326.61 following reports of a U.S. Department of Justice investigation into the handling of funds allegedly tied to Mojtaba Khamenei, the son of Iran’s supreme leader.
- The probe focuses on potential money laundering and corruption risks involving a global investment portfolio, with both JPMorgan and Citigroup under scrutiny.
- Shares are underperforming the broader market as investors react to renewed regulatory risks despite major indices trading higher.