Bloomberg reported, citing people briefed on the talks, that JPMorgan Chase is negotiating final terms of a deal with U.S. securities regulators to end a yearlong probe of derivatives bets that led to the bank’s biggest trading loss ever.
Bloomberg said that while JPMorgan is prepared to say it erred in how it oversaw a unit and London-based traders, executives aren’t likely to admit mistakes beyond what they already disclosed.
To read the Bloomberg story click here.
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