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Manipulative trading at J.P. Morgan costs it over $1bn

J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission.

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Read more: SECCommodity Futures Trading CommissionJ.P. Morgan SecuritiesUS Department of JusticeBrian RabbittChristian TrunzChristopher JordanDaniel PintoGregg SmithHeath TarbertJ.P. Morgan Chase BankJeffrey RuffoJohn EdmondsMichael Nowak