JP Morgan, an otherwise outstanding US (and global) bank, is setting a number of cases, with fines and penalties that are going to be about 20 Billion Dollars (US).

The fines arise from, primarily, three different classes of action (or regulatory failings, if you call it the regulators do);

• the London Whale trading issues in their risk management unit (we've written about this before - go here)
• fines related to the Bernie Madoff fraud
• fines related to misdeeds during the buildup to the financial crisis related to home lending, which according to Jamie Dimon (CEO and Chair) related largely to failins in banks they bought or acquired (Bear Stearns, among others). 

In the wake of the London Whale matter, Dimon's pay was cut by the Board, and despite the fine, it was partly restored this year.  

No question JP Morgan is in good shape, and paying to get this behind them is good too, but it does raise a few eyebrows.