JPMorgan Faces U.S. Criminal Probe Into Currency Trading

The lender is cooperating with a criminal investigation by the Department of Justice as well as inquiries by the Commodity Futures Trading Commission and regulators in Britain and elsewhere, the New York-based company said today in its quarterly regulatory filing. Reasonably possible losses could be as much as $5.9 billion, the bank said, an increase of $1.3 billion since the end of June.

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Richard Usher, JPMorgan's chief currency dealer in London, left the bank amid efforts to settle a U.K. probe into allegations of foreign-exchange rigging, people with knowledge of the moves said last month.