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JP Morgan to Pay $900 Million to US, UK Regulators, Federal Reserve Over $6.2 Billion London Whale Losses

JP Morgan has agreed to pay about $920m in penalties to US and UK regulators over the "unsafe and unsound practices" that led to its $6.2bn London Whale losses last year.

The US's biggest bank will pay $300m to the US office of the comptroller of the currency, $200m to Federal Reserve, $200m to the securities and exchange commission (SEC) and £137.6m ($219.74m) to the UK's financial conduct authority.

Source: The Guardiasn. Read full article. (link)

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