JPMorgan hit with Leviathan fine for London Whale scandal

hurley11-150x150Globe and Mail
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

JPMorgan Chase & Co. agreed to pay a total of $920-million (U.S.) to American and British authorities to resolve multiple probes into its “London Whale” fiasco, a fine that represents one of the heftiest settlements ever paid by a financial institution…

Expert quote:

“The fact that they admitted to the underlying offences means they didn’t skate on the issues.”

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