So Much for Septaper; JPM's $920 Million 'Whale' Sett...

09/19/13

Breaking News This Morning ... 'Whale' Settlement: JPMorgan Chase has agreed to pay regulators $920 million to settle allegations related to its $6 billion 'London Whale' trading loss. Earlier estimates of the widely expected settlement pegged the penalties to total around $750 million to $800 million, but anony-mice were heralding the higher total to various news outlets late yesterday. The bank did admit wrongdoing related to poor internal controls as part of the settlement. Wall StreetÂ…

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