JPMorgan’s Billion-Dollar Settlements

JPMorgan Chase agreed to pay a $920 million fine and admit poor oversight that led to $6 billion in trading losses in the so-called “London Whale” fiasco. Separately, the nation’s biggest bank will also pay $389 to refund credit card customers for illegally pushing costly services on people.

Kayla Tausche has the details for NBR, and whether this will damage JPMorgan’s reputation.

(Read More: JPMorgan Pays Hefty Cost for ‘Whale’, Settles For $920 Mln)

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