REPORT: JPMorgan Agrees To Pay $920 Million In Fines Over The 'London Whale' Trading Loss
Those fines will be paid amongst the SEC ($200 million), the Office of the Comptroller of the Currency ($300 million), the Federal Reserve ($200 million) and the U.K.'s Financial Conduct Authority ($221 million), according to Bloomberg.
The CFTC and the Justice Department are still probing the matter, the report said.
Back in May 2011, JPMorgan revealed a $2 billion dollar trading loss in it's Chief Investment Office in London related to derivatives trades.
A few months later it was revealed that the number was actually $5.8 billion.
Before this, though, there were media reports from Bloomberg and the Wall Street Journal about a trader known as the "London Whale" who had a massive position that it was rattling the market. JPMorgan's CEO Jamie Dimon dismissed those early reports as a "tempest in a teapot."