JPMorgan Near Deal On 'Whale' Probes

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JPMorgan Near Deal On 'Whale' Probes

JPMorgan Near Deal On 'Whale' Probes
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JPMorgan Near Deal On 'Whale' Probes

by Wochit 0:23 mins

JPMorgan Chase & Co is near a final settlement of probes into its London Whale derivatives loss and expects to pay about $700 million, according to source familiar with the matter. Completion of the deal depends on coordinating agreements with multiple government agencies, the source said.