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JPMorgan's Whale Deal With Regulators Leaves Much Unsettled

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JPMorgan's Whale Deal With Regulators Leaves Much Unsettled

JPMorgan's Whale Deal With Regulators Leaves Much Unsettled
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JPMorgan's Whale Deal With Regulators Leaves Much Unsettled

by Wochit 0:35 mins

The "London Whale" trading scandal, once dismissed as a "tempest in a teapot" by JPMorgan Chase CEO Jamie Dimon, is costing the largest U.S. bank $920 million in penalties and a rare public admission of wrongdoing. Settlements with four U.S. and British regulators, made public , resolve the biggest civil probes of the bank's $6.2 billion of Whale derivatives trading losses last year. Criminal investigations are still under way.

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