JPMorgan fines top GBP 572 million
Sep20

JPMorgan fines top GBP 572 million

JPMorgan Chase Bank N.A. has been fined GBP 137,610,000 in Britain for serious failings relating to its Chief Investment Office’s “London Whale” trades. In addition three U.S. regulators imposed penalties on the group, taking the total to GBP 572 million, the biggest banking fine since HSBC was fined GBP 1.1 billion last year for money laundering. The UK Financial Conduct Authority (FCA) said 19 September 2013 it fined JPMorgan Chase...

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