9_192013_jpmorgan-trading-loss-fin-78201.jpg - Washington Times
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Although the nearly $1 billion fine is just a fraction of JPMorgan's $2.4 trillion in assets, the loose trading practices exposed by the "London Whale" scandal that led to a $6 billion loss has hurt the bank's reputation. "JPMorgan Chase appears to be accepting the fine as a form of penance," said Brian Gunia, an assistant professor at Johns Hopkins University's Carey Business School. (ASSOCIATED PRESS)

Although the nearly $1 billion fine is just a fraction of JPMorgan's $2.4 trillion in assets, the loose trading practices exposed by the "London Whale" scandal that led to a $6 billion loss has hurt the bank's reputation. "JPMorgan Chase appears to be accepting the fine as a form of penance," said Brian Gunia, an assistant professor at Johns Hopkins University's Carey Business School. (ASSOCIATED PRESS)

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