WSJ: J.P. Morgan ‘Whale’ Investigation Continues
The Wall Street Journal reported that although J.P. Morgan Chase is preparing to pay at least $800 million in “London whale” fines, the Commodity Futures Trading Commission is investigating whether the bank manipulated a market index tied to corporate bonds, citing people familiar with the situation.
The WSJ said that J.P. Morgan has expressed interest in settling all related probes, citing people familiar with the matter; however, negotiations with the CFTC hit a snag over whether J.P. Morgan would admit to manipulation, according to one person.
To read the full WSJ story click here.
Previously on abfjournal.com: Reuters: JPMorgan May Settle ‘Whale’ Probes for $600MM, August 29, 2013