JPMorgan Probes Expand to at Least 11 Agencies

JPMorgan Chase & Co. is being investigated by at least 11 state, federal and international enforcement bodies as the bank struggles to contain damage from a botched derivatives trade that cost it at least $5.8 billion.

Authorities in Singapore, Germany and Japan have joined the list of agencies probing the largest U.S. bank’s trading errors, the company said in a regulatory filing today. The U.S. Justice Department, Congress, Securities and Exchange Commission and U.K. Financial Services Authority are among those examining the bank, which could still lose as much as $1.7 billion more on its credit derivatives portfolio, the company said. The bungled trade may also make it more difficult to resolve other pending reviews, the company said.