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Commodities Briefing - Categorized | Regulatory, Trading more

JPMorgan to pay $100-mln to settle with commodities regulator on Whale trades

Posted on 17 October 2013

JPMorgan Chase & Co agreed to pay $100-million and admit its traders acted recklessly to settle one more set of U.S. charges over its disastrous “London Whale” trade, the Commodity Futures Trading Commission announced on Wednesday.
Last month the bank paid $920-million to four other U.S. and British regulators to resolve civil probes of the bank’s $6.2-billion in derivative losses involving its chief investment office………………………………………..Full Article: Source


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