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J.P. Morgan Set to Agree To Big Fine For 'Whale'
- Source :
-
Wall Street Journal - Eastern Edition . 9/17/2013, Vol. 262 Issue 66, pA1-A6. 2p. 1 Color Photograph. - Publication Year :
- 2013
-
Abstract
- The article reports that banking company J. P. Morgan Chase & Co. is expected to agree to pay $800 million or more in fines in a settlement with various regulators including the U.S. Securities and Exchange Commission and the British Financial Conduct Authority related to trading losses that exceeded $6 billion at Morgan's London, England office. Morgan, which will be cited for lax internal controls and faulty disclosure, will also admit to wrongdoing.
- Subjects :
- *FINES (Penalties)
*BUSINESS losses
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 262
- Issue :
- 66
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 90258663