Home Economics CFTC fines JPMorgan $100 mn over ‘London whale’ trades

CFTC fines JPMorgan $100 mn over ‘London whale’ trades

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CFTC fines JPMorgan $100 mn over ‘London whale’ trades (via AFP)

US regulators on Wednesday fined banking giant JPMorgan Chase $100 million for “reckless conduct” in the “London whale” trading debacle. The US Commodity Futures Trading Commission said that JPMorgan had admitted charges of manipulating trading of certain…

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