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JPMorgan to pay $920 million in fines for London Whale trades

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J.P. Morgan Chase & Co., the world's biggest bank, will pay regulators $920 million for the 2012 "London Whale" trades in which it ultimately totaled more than $6 billion in derivatives losses. Regulators in the United States and United Kingdom announced Thursday that the bank would pay the fines for "unsafe and unsound practices" with regard to derivatives trades by the bank's Chief...

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