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The latest business and finance news from around the world, on the BBC.

World Business Report: Beaching of the Whale: Investment Bank JP Morgan is Fined $920 Million

19/09/2013

Beaching of the Whale: Investment Bank JP Morgan is Fined $920 Million

BBC World Service - World Business Report, Beaching of the Whale: Investment Bank JP Morgan is Fined $920 Million

A near-billion dollar slap on the wrist for JP Morgan after it failed to curb rogue trader

Investment bank JP Morgan receives a near-billion dollar slap on the wrist for failing to rein in rogue trader.

Regulators are scathing about oversight at the Wall Street bank JP Morgan and fine it almost a billion dollars for failing to prevent huge trading losses. We ask what more should have been done to tame the 'London Whale' - the trader who is believed to be responsible. And, as police in Singapore arrest the alleged leader of a global match-fixing ring, we find out whether football is really getting to grips with corruption.

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