JPMorgan Chase Secretly Downgraded by Bank Regulators

``The Senate report on JPMorgan Chase's London Whale fiasco revealed that federal regulators secretly downgraded the bank's management rating last summer--a fact kept from investors and the public until last week. The downgrade of JPMorgan's management resulted from the Office of the Comptroller of the Currency finding that the bank suffered from "lax governance and oversight in the chief investment office," as well as other "oversight deficiencies," according to the Senate report. ''