JPMorgan’s London Whale Settlement Reaches $920 Million and 2 Other Dow Movers to Watch

JPMorgan Chase & Co.  (NYSE: JPM): Current price $52.75

Is this the end of the London Whale saga? JPMorgan released a statement saying the big bank hopes so, observing that its $920 million resolution with financial regulators over the so-called London Whale trades marks “a major step in the firm’s ongoing efforts to put these issues behind it.” The company reached settlements with the U.K. Financial Conduct Authority and the U.S. Securities and Exchange Commission, the Federal Reserve Board, and the Office of the Comptroller of the Currency in a case linked to trades that led to more than $6 billion in losses. On Thursday, JPMorgan said it “cooperated extensively” with regulators and “continues to cooperate with ongoing inquiries, including the prosecutions of the two former CIO employees.”

JPM 20130919