JPMorgan Chase admits reckless conduct, pays $100 million fine to settle ‘London Whale’ swaps trades charges
October 16, 2013
JPMorgan Chase Bank, the nation’s largest bank, admitted that its traders acted recklessly and agreed to pay a $100 million fine to settle charges it used a manipulative device in connection with the bank’s trading of credit default swaps. The U.S. Commodity Futures Trading Commission issued an order Wednesday bringing... Read more →