JPMorgan Chase has managed to settled "London Whale" trading scandal with U. S. and British regulators, but the largest U. S. bank continues to face a criminal investigation by U. S. prosecutors into the derivatives fiasco.

The settlements with the regulators, made public on Thursday, suggest that JPMorgan has been made to pay $920 million in penalties and accept a wrongdoing.

The penalties announced Thursday include USD 300 million to be paid to the US Office of the Comptroller of the Currency, USD 200 million to the Federal Reserve, USD 200 million to the US Securities and Exchange Commission and 137.6 million pounds to the UK's Financial Conduct Authority.

While JPMorgan described the settlements as a major step in the company’s efforts to put all these issues behind it, many believe that the "London Whale" ghost will continue to hound the bank. Sources recently said that JPMorgan Chase is still under the U. S. government’s scanner over the “London Whale” trading scandal.

Charles Peabody, an analyst at Portales Partners, said, “This certainly isn't a closure on the Whale.”

Though Chief Executive Jamie Dimon has already said that the bank accepted its responsibility and acknowledged its mistakes, and was working to fix them; the settlements left many issues, which drove the bank’s legal costs to $5 billion a year, unresolved.