JP Morgan-Chase pays hefty fine in the US and UK; former staff face criminal charges

Friday, September 20th 2013 - 20:58 UTC

Full article 3 comments

US bank JP Morgan Chase has agreed to pay four regulators 920 million dollars relating to a 6.2bn loss incurred as a result of the “London Whale” trades. The settlement is the third biggest banking fine by US regulators, and the second largest by UK regulators. As part of the deal JP Morgan admitted violating US federal securities laws. Read full article

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ChrisR
Oh yes, you have learnt from your mistakes and won't be caught next time.
Sep 20th, 2013 - 09:07 pm - Link - Report abuse 0
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Captain Poppy
Fuck this fine shit........open the cellblocks, suspend their trading seat for two years, prosecute the CEO and BoD's. Until then these corporations will never learn, nor stop.
Sep 21st, 2013 - 01:32 pm - Link - Report abuse 0
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Room101
The UK can do without these bums.
Sep 22nd, 2013 - 10:26 am - Link - Report abuse 0
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