JP Morgan to pay $920 million fine over 'London Whale' scandal

A maxi fine of 920 million dollars arrives at JP MorganChase. The causes: the so-called 'London Whale' scandal, the London Whale, the trader who from the bank's London desk caused trading losses of over 6 billion dollars and the reputational scandal for the institution led by Jamie Dimon.
As reported by the Wall Street Journal, at the time of the plea agreement with the American and British authorities, JP Morgan admitted that it had made errors on internal controls. Accusation that had been leveled against him by the Securities and Exchange Commission, by the American Consob, by the Office of the Comptroller of the Currency (OCC, the American agency that controls national banks and branches of foreign banks operating in the United States) , all supporters of a lack of control and guarantee activity on trading activities.
This is one of the largest fines imposed on a bank for a single trading strategy.