JPMorgan to Pay $100 Million and Make Admission of Wrongdoing in London Whale Pact

Deal Book - JPMorgan Chase has agreed to pay $100 million and make a groundbreaking admission of wrongdoing to settle an investigation into market manipulation around the bank’s multibillion-dollar trading loss in London, a federal regulator announced on Wednesday, underscoring the great lengths the nation’s biggest bank will take to put the blunder behind it.  Read more.