The $920m teapot [updated] | FT Alphaville:
"Federal Reserve fine: $200m
SEC fine: $200m
OCC fine: $300m
UK FCA fine: £137m
JPMorgan shareholders keeping Jamie Dimon as chairman: priceless
Update – There are now oceans of analysis of what went wrong in the London Whale trades, ranging from a Senate report to JPM’s own post mortem to our own coverage. But there’s still plenty of reading in the Financial Conduct Authority’s Final Notice — one of the longer documents among Thursday’s regulatory fines.
Mostly it covers “failure to be open and co-operative” with the UK regulator:"
'via Blog this'
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