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J.P. Morgan set to cough up US$1bn

J.P. Morgan Chase & Co is set to cough up close to $1.4 billion (US$1 billion) to shut down regulatory and government agency probes into market manipulation allegations on its precious metals and treasuries trading desk.

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Read more: J.P. MorganBloombergBrian BenczkowskiChristian TrunzChristopher JordanCommodity Futures Trading CommissionFBIGregg SmithJohn EdmondsMichael NowakSecurities and Exchange CommissionUS Department of JusticeWilliam Sweeney