JPMorgan To Settle ‘London Whale’ Probe With CFTC

JPMorgan Chase & Co (NYSE:JPM) has reached a preliminary agreement with CFTC admitting wrongdoing and paying $100 million to settle ‘London Whale’ case. New York Times’ Ben Protess and Jessica Silver-Greenberg report JPMorgan could settle with the Commodities Futures Trading Commission as soon as this week. JPMorgan’s settlement with SEC Last month, JPMorgan Chase & Co (NYSE:JPM) was ordered to pay $920 million in fines for misconduct in the infamous London Whale scandal to government authorities in Washington and London, which would close various investigations over the multi-billion trading error scandal suffered by the bank last year. Authorities involved in the probe…