JPMorgan Chase
(Timur Emek/AP)
September 19, 2013

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

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