London Whale fines for JPMorgan bigger than expected

Author: Adam Button | Category: News

Earlier in the week, there were reports JPMorgan would be fined $700m or $750m+. The Federal Reserve just released a statement saying they will be fined $920m by various agencies including those in the UK.

The company lost around $6 billion on trade so it was possibly the most expensive (worst) trade of all time, at least for a private company.

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