NPR's Ari Shapiro, who recently moved to London and set up a bank account, reports that it can still be an expensive and time consuming process to transfer money internationally. Here, people pass by a branch of Lloyds Bank in London, on Sept. 17. Sang Tan/AP hide caption

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JPMorgan Chase will reportedly pay a $700 million fine to settle allegations that it made risky trades out of its London office that led to more than $6 billion in losses. Mark Lennihan/AP hide caption

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JPMorgan To Get Whale Of A Fine For Trading Losses

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The $1.9 billion settlement from British banking firm HSBC will settle allegations of allowing money laundering and transfers of billions from Iran. Timur Emek/Getty Images hide caption

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JPMorgan Chase CEO Jamie Dimon, here seen in June testifying before a congressional committee, will try to explain the bank's trading losses to investors on Friday. Chip Somodevilla/Getty Images hide caption

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