JPMorgan Pays $100M, Admits Fault In London Trades

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JPMorgan Pays $100M, Admits Fault In London Trades

JPMorgan Pays $100M, Admits Fault In London Trades
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JPMorgan Pays $100M, Admits Fault In London Trades

by Wochit 0:56 mins

WASHINGTON (AP) - JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that it distorted prices during a series of London trades that ultimately cost the bank $6 billion in losses.

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