JPMorgan to pay $100 mln to settle CFTC charges on Whale trades
WASHINGTON Oct 16 (Reuters) - JPMorgan Chase & Co will pay $100 million to settle charges from a U.S. commodities regulator that it violated a prohibition on manipulative conduct in connection with its "London Whale" swaps trades, the Commodity Futures Trading Commission said on Wednesday.
JPMorgan will admit that its traders acted recklessly, the CFTC said.
- Cortege departs to take Mandela's body to lie in state |
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- UPDATE 2-U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- U.S. budget deal could usher in new era of cooperation