JPMorgan fined $920 million in ‘London Whale’ trading loss

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Cornelius Hurley, School of Law, Center for Finance, Law & Policy

JPMorgan Chase agreed Thursday to pay about $920 million in fines to U.S. and U.K. regulators to settle charges related to the “London Whale” trading debacle…

Expert quote:

“Bank regulators are under pressure to fill the gap left by prosecutors who are giving large banks a pass for egregious behavior.”

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