Here are the key points in the "London Whale" trading scandal which led to JP Morgan's £572 million fine by UK and US regulators.
- The "London Whale" trading scandal happened last year when JP Morgan traders bet huge sums on complex financial instruments and covered up losses when trades went wrong and problems escalated.
- Trader Bruno Iksil, one of the highest-paid bankers in London at the time, was responsible for losing the bank £1.2 billion through bets of derivative credit default swaps.
- He has agreed to testify against his colleagues and is reported to have been granted immunity by American prosecutors.
- The bank was criticised for its high-risk trading strategy, weak management, a poor response to the problems and failing to co-operate with regulators.
More top news
If you have been affected by an issue in our Changing Minds series, are in distress or need some support, help is available 24 hours a day.
The former Deputy Speaker of the House of Lords has resigned following allegations he took drugs with prostitutes. But who is he?
A murder investigation has been launched after a man was fatally stabbed and another injured in an apparent attack at a house in York.