Relevant:
- Deutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit
- SEC Invites Whistleblower Claims in JPMorgan Chase Mortgage Settlement
- Swiss Bank UBS Settles Currency-Rigging Claims for $135M
- Seven big banks settle U.S. rate-rigging (ISDAfix) lawsuit for $324 million
- JPMorgan Faces U.S. Criminal Probe Into Currency Trading
2015-01-06 — fortune.com
JPMorgan Chase & Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market. [JPM] will pay about $100 million, a person familiar with the matter said. Lawyers for the bank and the investors said a settlement had been reached in a letter filed on Monday with the U.S. District Court in Manhattan.
...
The 2013 lawsuit is separate from criminal and civil probes worldwide into whether banks rigged currency rates to boost profit at the expense of customers and investors. JPMorgan agreed in November to pay roughly $1.01 billion to resolve such probes by U.S. and European regulators. Five other banks settled for an additional $3.3 billion.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
