Whale scandal costs JPMorgan US$920m in fines

The “London Whale” trading scandal, once dismissed as a “tempest in a teapot” by JPMorgan Chase chief executive Jamie Dimon, is costing the largest US bank US$920 million in penalties and a rare public admission of wrongdoing.

via Business feed http://www.scmp.com/business/banking-finance/article/1313594/whale-scandal-costs-jpmorgan-us920m-fines