JPMorgan expects to settle Whale probes for about US$700m: source

JPMorgan Chase is close to settling civil law investigations into its London Whale derivatives loss and expects to pay about US$700 million, according to a source familiar with the matter.

via Business feed http://www.scmp.com/business/banking-finance/article/1311471/jpmorgan-expects-settle-whale-probes-about-us700m-source