America's biggest bank has been ordered to correct poor risk management that led to a surprise trading loss last year of more than €6bn (£3.7bn).
US government regulators also cited JPMorgan Chase for lapses in oversight that could allow it to be used for money laundering. JPMorgan will not pay a fine under the agreement.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? firstname.lastname@example.org