Bloomberg – JPMorgan Said To Pay $900 Million To Settle Whale Probes – 19 September 2013


By Dawn Kopecki – Sep 19, 2013 3:41 AM GMT+0200

JPMorgan Chase & Co. (JPM) is poised to pay about $900 million to settle U.S. and U.K. claims that lax internal controls led the bank to provide inaccurate information about last year’s record trading loss to the board, investors and regulators, people with knowledge of the matter said.

(Lucas : Interesting isn’t it all those settlements outside courts with the regulators and nobody significant at the TOP is going to jail that’s the corporate state for you… )

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