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J.P. Morgan to Agree to 'London Whale' Fines

Wall Street Journal Original article ›

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J.P. Morgan admits wrongdoing and agrees to pay $800 million in fines for its handling of the London Whale trading loss. The settlement with regulators in the U.S. and the UK is for deficient internal controls and disclosing incorrect information on the 2012 trades connected to the London Whale trading loss.


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