JPMorgan may admit wrongdoing in 'London whale' trades

JPMorgan Chase is said to be in discussions about settling with U.K. and U.S. regulators an investigation into its $6 billion "London whale" trading losses. Sources say that unusually the bank is considering admitting some wrongdoing in the case instead of the typical practice of paying a penalty without admitting or denying culpability. The bank is resisting, however, accepting any blame beyond that it has already admitted publicly. The discussions are not expected to be finalized for some weeks.