Tag Archives: Banks

JPMorgan Pays $100 Million, Admits Fault in London Trades

WASHINGTON — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted “recklessly” during a series of London trades that ultimately cost the bank $6 billion. The settlement announced Wednesday by the Commodity Futures Trading Commission comes less than a month after JPMorgan (JPM), the nation’s largest…