Reginal Thomas
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JP Morgan Will Be Fined For The "London Whale" Losses In September

Both the U.K.'s Financial Conduct Authority and the U.S.'s Securities and Exchange Commission are in talks with JP Morgan to settle their investigations over the "London Whale" scandal of 2012. Most likely the bank will face heavy fines from both organizations. 

In 2012 JP Morgan lost $6.2 billion on bad trades that were placed by former trader Bruno Iksil, who in return for amnesty started working with the government on their investigation of the bank. Last week the SEC brought up charges and sued two of Iksil's former co-worker; Javier Artajo and Julien Grout. They two were chared with wire fraud and conspiracy.