JP Morgan and Chase, seeking to end probes of a $6.2bn (€4.6bn) trading debacle, admitted to violating federal securities laws and agreed to pay about $920m for failing to implement adequate controls and providing incomplete information to regulators and its board.

Elan Corporation, plc today announced that it has reached an agreement to settle the previously disclosed consolidated class action pending in the U.S. District Court for the Southern District of New York.