--- description: The criminal investigation is looking at foreign-exchange trading activities and controls title: Justice Department Investigating J.P. Morgan Over Foreign-Exchange Trading image: https://static.time.com/v3/assets/bltea6093859af6183b/bltcddc51153a534eb9/698763f655a859381da838e6/jp-morgan-chase.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [Companies](/tag/companies/) ## Companies Update your preferences in [Account Settings](/account/preferences/) Close # Justice Department Investigating J.P. Morgan Over Foreign Exchange Trading  by [Nolan Feeney](/author/nolan-feeney/)  ## Nolan Feeney Update your preferences in [Account Settings](/account/preferences/) Close Nov 4, 2014 12:57 AM CUT  Pedestrians walk by the offices of JPMorgan Chase & Co. in New York, U.S., on Friday, May 17, 2013. Pedestrians walk by the offices of JPMorgan Chase & Co. in New York, U.S., on Friday, May 17, 2013.Victor J. Blue—Bloomberg/Getty Images  by [Nolan Feeney](/author/nolan-feeney/)  ## Nolan Feeney Update your preferences in [Account Settings](/account/preferences/) Close Nov 4, 2014 12:57 AM CUT The Department of Justice is leading a [criminal investigation](http://online.wsj.com/articles/j-p-morgan-being-probed-by-justice-department-1415054825 "undefined") into the foreign-exchange trading of J.P. Morgan Chase, the bank announced Monday in a regulatory filing. Alongside other civil-enforcement regulators, the Justice Department is looking into the bank’s foreign-exchange trading activities and controls related to them, the Wall Street _Journal_ reports. The bank said it “continues to cooperate with these investigations” but that there is “no assurance that such discussions will result in settlements.” J.P. Morgan, which is the largest bank in the U.S., estimated that its loses from legal proceedings could top $5.9 billion, as of Sept. 30\. Three months earlier, the estimate was $4.6 billion. \[[_WSJ_](http://online.wsj.com/articles/j-p-morgan-being-probed-by-justice-department-1415054825 "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3555550/justice-department-jp-morgan-chase-investigation/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3555550/justice-department-jp-morgan-chase-investigation/"},"headline":"Justice Department Investigating J.P. Morgan Over Foreign Exchange Trading","datePublished":"2014-11-04T00:57:36.000Z","dateModified":"2026-02-21T11:11:50.715Z","description":"The criminal investigation is looking at foreign-exchange trading activities and controls","url":"https://time.com/3555550/justice-department-jp-morgan-chase-investigation/","keywords":["Companies","Banking","Justice Department","Department of Justice","finance"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltcddc51153a534eb9/698763f655a859381da838e6/jp-morgan-chase.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Nolan Feeney","jobTitle":null,"url":"https://time.com/author/nolan-feeney/"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltcddc51153a534eb9/698763f655a859381da838e6/jp-morgan-chase.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"JPMorgan Holders Led by Chairmen-CEOs to Vote on Dimon's Titles","caption":"JPMorgan Holders Led by Chairmen-CEOs to Vote on Dimon's Titles","creditText":"Victor J. Blue—Bloomberg/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/companies/","name":"Companies"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3555550/justice-department-jp-morgan-chase-investigation/","name":"Justice Department Investigating J.P. Morgan Over Foreign Exchange Trading"}}]}] ```