JPMorgan's Fines Could Hit $600M In 'London Whale' Probes

Law360, Los Angeles (August 27, 2013, 10:22 PM EDT) -- U.S. and U.K. authorities, along with JPMorgan Chase & Co., are discussing a potential settlement that would involve the bank paying between $500 million and $600 million in penalties to resolve multiple "London Whale" probes in both countries, according to a Tuesday report.

The agencies have not yet agreed on the final figure of the settlement, and authorities are still considering civil charges that JPMorgan failed in its duty to supervise  former traders responsible for the $6.2 billion derivatives trading loss, The Wall Street Journal reported....
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