Reuters reported that JPMorgan Chase is in talks with a group of regulators, including U.S. prosecutors, to settle probes of the bank’s “London Whale” trading losses for about $600 million, citing a person familiar with the talks.

According to Reuters, regulators, including the U.S. SEC and the UK Financial Conduct Authority, are in intense negotiations with lawyers for JPMorgan to reach a global settlement, the source said.

To read the Reuters article click here.

Previously on monitordaily: WSJ: JPMorgan Whale Trader Arrested in Spain, August 28, 2013

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