JPMorgan are close to a £500 million settlement with the Government over a tax-avoidance scheme for bonuses, according to the Financial Times.
The investment bank is reportedly winding up a Jersey-based trust and has asked more than 2,000 current and former staff to contribute to the settlement.
The news comes with corporations' tax affairs facing increased scrutiny, after Starbucks this week responded to public anger by volunteering to pay millions of pounds to the Treasury.
More top news
A woman called police in Minnesota to warn them of Prince's 'out of control' cocaine habit in 2011, according to police records.
Researchers say they believe they may have found Captain Cook's ship Endeavour - now the Lord Sandwich - in Rhode Island.
Republican frontrunner said Ted Cruz's father was with JFK's killer at the time of the assassination.