Prashant

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India

JPMorgan Facing $700M In London Whale Fines

JPMorgan Chase (JPM) is facing at least $700 million in fines related to the ‘London Whale’ trading scandal that has already cost the largest U.S. bank by assets more than $6 billion.<p>Sources on Monday confirmed to FOX Business that the fines are part of a settlement with regulators that will also …

Mission Success: Costa Concordia Is Vertical

In an operation that took 19 hours, the luxury cruise ship Costa Concordia is now in an upright position.<p>The head of Italy's Civil Protection agency, Franco Gabrielli, announced the ship had reached vertical and that the operation to rotate it was complete, according to The Associated Press.<p>The …