JPMorgan hit with $920m in fines over 'whale' trade

 
 
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Thursday September 19 2013
 
 
Breaking news
 
JPMorgan hit with $920m in fines over 'whale' trade
 
US and UK authorities hit JPMorgan Chase will pay $920m in fines on for wrongdoing related to the "London whale" trading losses, which saw the largest US bank by assets lose $6bn.

Jamie Dimon, chief executive, and his top lieutenants, avoided specific criticism. A London-based executive was the most senior JPMorgan employee to be singled out, accused of not responding properly to regulator enquiries.
 
 
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