Wall Street http://wlrn.org en JPMorgan To Get Whale Of A Fine For Trading Losses http://wlrn.org/post/jpmorgan-get-whale-fine-trading-losses Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.<p>Though details of the deal are still pending, several reports put the amount at more than $700 million. Tue, 17 Sep 2013 11:56:23 +0000 Jim Zarroli 20717 at http://wlrn.org JPMorgan To Get Whale Of A Fine For Trading Losses Former Goldman Trader Found Liable For Billion-Dollar Fraud http://wlrn.org/post/former-goldman-trader-found-liable-billion-dollar-fraud A federal jury in New York City has found that Fabrice Tourre, the former Goldman Sachs trader who regulators say caused investors to lose $1 billion, is liable in the mortgage securities fraud case filed against him by the Securities and Exchange Commission.<p>Regulators say Tourre, 34, a native of France who was nicknamed "Fab" in his office, packaged toxic subprime mortgages into a collateralized debt obligation that was sold to investors under the name Abacus in 2007.<p>"The U.S. Securities and Exchange claims Tourre hid the role of hedge fund Paulson & Co. Thu, 01 Aug 2013 22:24:34 +0000 Bill Chappell 18381 at http://wlrn.org Former Goldman Trader Found Liable For Billion-Dollar Fraud