Morning Scan: JPMorgan Fined for Conflicts; Banks Beef Up Cybersecur...

Receiving Wide Coverage ...

JPMorgan's Wrist Slapped: JPMorgan Chase will pay $307 million to settle Securities and Exchange Commission and Commodity Futures Trading Commission probes into the bank's alleged failure to tell its wealth-management clients about conflicts of interest. One allegation is JPMorgan didn't tell clients it was putting their money in more-expensive funds that JPMorgan itself managed, the Wall Street Journal said. Also, JPMorgan put clients' money in third-party funds that paid fees to JPMorgan....