JPMorgan Chase

U.S. stocks fell today as the possibility of a $14 billion fine against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the U.S. Federal Reserve will hike interest rates.
U.S. stocks were set for a slightly lower open after three straight days of gains, as the corporate earnings season was poised to kick into high gear with a slew of reports this week.
Federal authorities are investigating at data breach at JPMorgan Chase & Co. A criminal case is anticipated.
Regulators in the U.S., Britain and Switzerland ordered five banks to pay about $3.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.
The U.S. Commodity Futures Trading Commission issued five Orders filing and settling charges against Citibank, HSBC, JPMorgan, RBS and UBS for attempted manipulation of global forex benchmark rates to benefit the positions of certain traders.
Quarterly results were overshadowed by questions about the health of CEO Jamie Dimon, who has been diagnosed with throat cancer.
JP Morgan is taking a loss of at least $2 billion from a failed hedging strategy, dragging shares, and the markets, lower. Dimon said the blunder could cost an additional $1 billion or more, noting that “it is risky and it will be for a couple quarters.”