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

itoggle caption Mark Lennihan/AP

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

itoggle caption Timur Emek/Getty Images

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

itoggle caption Chip Somodevilla/Getty Images