19 September 2013 Last updated at 09:10 ET
US investment bank JP Morgan Chase & Co has agreed to pay regulators $920m (£572m) relating to a $6bn loss racked up over the "London Whale" trades.
The bank will pay the money out to four separate regulators, including about $220m to the UK's Financial Conduct Authority.
Traders at the bank's London office built up huge losses in derivatives trades at the beginning of last year.
Two former JP Morgan traders face criminal charges in the US.
Source: BBC News - Business http://www.bbc.co.uk/news/business-24159801#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
