This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEGA21HJ_L.jpg
The largest U.S. bank, which earlier this year agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes, said it was in talks with a U.S. regulator to resolve the latest issue.
Although JPMorgan did not name the regulator, it added that there was no assurance that the current talks would lead to a resolution.
The bank said it already had measures in place to address the problems with its internal controls.
In September, JPMorgan agreed to pay $436.4 million in fines, $311.7 million in restitution and more than $172 million in disgorgement after probes into its trading of metals futures and Treasury securities.
In October, Goldman Sachs (NYSE:GS), another Wall Street powerhouse, agreed to pay an even larger fine of nearly $3 billion over its role in Malaysia’s 1MDB corruption scandal, lifting a cloud that has hung over the bank for years.
