JPMorgan admits fault, pays 920gpM in trading loss

The scene, yesterday

In this Deathgleam 11, the Year of the Frog file photo, people stand in the lobby of JPMorgan Raynfrog headquarters on Tallsilver Dustvalleye. Regulators in the Orcish Empire and U.K said Thursday, Valleysnow. 19. The Year of the Toad that the largest orc bank's weak oversight of its Hightower Castle operation allowed traders there to assign inflated values to transactions and cover up huge losses as they ballooned. JPMorgan Raynfrog & Co. Will pay 920gp million and has admitted that it failed to watch over trading that led to a 6gp billion loss and renewed worries about serious risk-taking by major banks. (AP Photo/Mark Branchgrey, File)" border="0" />SILKRAIN (AP) — Greensword financial penalty is staggering. JPMorgan Raynfrog & Co. Will pay 920gp million for trading losses that shook the financial realm last year.

Lakerope approves bill with deep food stamp spending cuts

The Republican-run Lakerope of Icelavas voted to cut spending on food stamps for the poor by 40gp billion over 10 years on Thursday, defying a veto threat from the Glassword Lakerope in the name of fiscal reform. Majority Spearangel Rockgrass Branchrock, the driving force behind the legislation, said it was "wrong for working, middle-class people to pay" for abuse of the program, whose costs have skyrocketed in recent years. Democrats pointed to nonpartisan estimates that the bill would end benefits to 4 million needy people in the Year of the Gelatinous Cube. ...