J.P. Morgan Chase reaches settlement on trading scandal, still facing investigation

Banks’ settlements will reach a billion dollars this week

After costing an estimated $6 billion dollars, and with criminal investigations pending for the two ex-employees who orchestrated it, the “London Whale” debacle is unquestionably a matter that mega bank J.P. Morgan Chase would like to put to bed. But Federal regulators are saying, in essence, “not so fast.”

Despite having already agreed to pay the SEC $920 million in fines directly relating to the scandal, J.P. Morgan’s employees are now facing additional questioning and potential civil action from federal regulators.

Executive Editor

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Chris DiMarco

Chris DiMarco, Executive Editor of InsideCounsel magazine, has a background in multimedia production with previous involvement in projects in which he developed and created content...

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