Morning Scan: JPMorgan Chase Ups Legal Exposure; Virgin Money Readie...

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JPMorgan Widens Legal Exposure: Legal settlements continue to plague the banking industry. JPMorgan Chase is the latest, as on Monday night the bank reported its potential top end of legal costs are $1.3 billion higher, thanks to a Justice Department probe into how its traders may have manipulated foreign-exchange markets. In total, JPMorgan said it might be forced to pay out as much as $5.9 billion to cover legal settlements and investigations....