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Wall Street hit with billions in fines over WhatsApp probe

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U.S. regulators have reached billions of dollars worth of settlements with Wall Street banks related to a probe into employees' use of unauthorized messaging apps such as WhatsApp.

On Tuesday, the Securities and Exchange Commission announced $1.1 billion in fines and the Commodity Futures Trading Commission disclosed $710 million in penalties in separate statements. Combined with JPMorgan Chase & Co.’s $200 million in fines from December, the total is more than $2 billion.

Other banks involved include Bank of America and Goldman Sachs.

Read more from Bloomberg.

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