The Federal Reserve Bank of New York botched oversight of the JPMorgan Chase & Co. office that suffered $6.2 billion in trading losses attributed to the so-called London Whale, a watchdog report showed. The report from the Fed board’s Office of the Inspector General said the New York Fed spotted risks in JPMorgan’s chief investment office and planned examinations in 2008, 2009 and 2010, while mishandling execution of those reviews and inter-agency coordination. It calls the failure a “missed opportunity.” The New York Fed “did not conduct the planned or recommended examinations because the Reserve Bank reassessed the ... (full story)