http://finance.yahoo.com/news/jpmorga...
(Reuters) - The "London Whale" trading scandal, once dismissed as a
"tempest in a teapot" by JPMorgan Chase & Co 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 on
Thursday, 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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