JPMorgan Chase shook off the "London Whale" scandal to take the top spot for investment banking fees over the year-to-date, according to a report into the global investment banking industry published on Wednesday.
The Thomson Reuters investment banking review found the U.S. banking giant booked $4.4 billion in fees during the first nine months of 2013, beating rival Bank of America Merrill Lynch, which came in second with $4.0 billion.
JPMorgan emerged from the 2008 financial crisis stronger than many of its competitors, and cultivated a reputation as one of Wall Street's best-run banks. However, it was subsequently accused of "inadequate oversight" by the U.S. Federal Reserve, following the so-called London Whale scandal, which saw U.K.-based traders incur huge losses. The high stakes wagers placed by these traders have now cost JPMorgan nearly $1 billion in fines, and led to the indictment of two former employees last month.