JP Morgan fined $920m over scandal

US investment bank JP Morgan Chase has been fined US $920m (€688m) by regulators for “serious failings” over the London Whale trading scandal.

JP Morgan fined $920m over scandal
Thu, 19 Sep, 2013 - 16:24

US investment bank JP Morgan Chase has been fined US $920m (€688m) by regulators for “serious failings” over the London Whale trading scandal.

The high-risk trading scandal last year triggered $6.2bn (€4.6bn) of losses and sent shock waves through financial markets.

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CourtsBusinessHeathrowPlace: UKPlace: LondonPerson: Bruno IksilPerson: Tracey McDermottEvent: London Whale trading scandalEvent: trading scandalOrganisation: JP MorganOrganisation: JP Morgan ChaseOrganisation: ’s Financial Conduct AuthorityOrganisation: FCAOrganisation: US Federal ReserveOrganisation: US Securities and Exchange CommissionOrganisation: Office of the Comptroller of the Currency
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