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.

CFTC Seeks Trading Ban for Corzine

Bloomberg reported that the lawsuit brought against Jon Corzine could make him the first former Goldman Sachs leader to be banned from trading. According to Bloomberg, if the CFTC is successful, Corzine will “face a very serious challenge if he ever wants to be involved in the money-management business again,” quoting Gregory Bruch, former SEC assistant enforcement director.