JPMorgan Faces U.S. Criminal Probe Into FX Trading

JP Morgan Chase has reported potential legal losses of up to $5.9 billion in a regulatory filing, which is the upper limit of its reasonable possible losses. The Department of Justice is conducting a criminal probe into the bank's Forex trading activities, and JP Morgan is cooperating with the investigation. The bank is also facing inquiries from the Commodity Futures Trading Commission and other regulators. These investigations focus on the firm's spot Forex trading activities. The news has affected JP Morgan's stock, and the market is reacting to this unique regulatory filing.

What is the estimated amount of potential legal losses reported by JP Morgan Chase?

• 4.8 billion dollars

• 7.2 billion dollars

• 5.9 billion dollars

• 3.5 billion dollars

Which organization is conducting a criminal probe into JP Morgan Chase's Forex trading?

• Internal Revenue Service

• Federal Reserve

• Securities and Exchange Commission

• Department of Justice

What is the focus of the investigations into JP Morgan Chase's activities?

• Spot Forex trading activities

• Investment banking practices

• Retail banking operations

• Corporate social responsibility

Which regulatory bodies are involved in the inquiries besides the Department of Justice?

• Federal Trade Commission

• Commodity Futures Trading Commission and British regulators

• World Trade Organization

• European Central Bank

How has the regulatory filing affected JP Morgan Chase's stock?

• It has led to a stock split

• It has had no impact on the stock

• It has caused a significant increase in stock value

• It has caused a dent in the stock after hours