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JPMorgan Fined Over $700 Million

Talk about sounding like a broken record. Just a few weeks after reports detailing the billions in potential legal troubles facing JPMorgan Chase, now news is breaking that regulators in the U.S. and U.K. are fining the bank more than $700 million because of its trading loss in London last year. Once heralded as one of the few unsullied megabanks, now JPMorgan barely goes a week without more legal woes. The bank's board meets Monday and Tuesday to vote on whether or not to approve the fine.

September 16, 2013 7:18 PM