JPMorgan Chase & Co. is poised to pay about $900 million to settle U.S. and U.K. claims that lax internal controls led the bank to provide inaccurate information about last year’s record trading loss to the board, investors and regulators, Bloomberg News reported yesterday. The bank announced deals yesterday with four regulators over its handling of the trades by an employee known as the "London Whale" because his bets were so large. Separately, the firm may also pay less than $80 million to settle two watchdogs’ probes tied to consumer lending practices.
