JPMorgan Can’t Shake the London Whale Fiasco and 2 Other Dow Movers to Watch
JPMorgan Chase & Co. (NYSE:JPM): Current price $51.77
The Commodity Futures Trading Commission, which was not included in Thursday’s $920-million settlement with JPMorgan, is still going after the big bank’s London Whale loss, even though United Kingdom regulators have settled over the same matter. The Commission did not join last week’s resolution the because it is still probing whether the bank manipulated derivatives markets early last year with the large positions of trader Bruno Iksil. JPMorgan revealed Thursday it was advised that the CFTC “staff intends to recommend enforcement action” against it and that it had received a so-called “Wells” notice.