FBR's Miller on JP Morgan Chase Fines, Indictments

FBR's Miller on JP Morgan Chase Fines, Indictments Play

Sept. 17 (Bloomberg) -- Paul Miller, an analyst at FBR Capital Markets, talks about the outlook for JPMorgan Chase & Co. following the indictment of two former traders for engaging in a securities fraud to hide trading losses that eventually surpassed $6.2 billion on wrong-way derivatives bets last year. JPMorgan has agreed to pay at least $750 million to resolve U.S. and U.K. regulatory probes of its record trading loss, people with knowledge of the negotiations said. Miller speaks with Tom Keene, Stephanie Ruhle, Sara Eisen and Scarlet Fu on Bloomberg Television's "Surveillance." (Source: Bloomberg)

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