WASHINGTON, United States (AFP) – Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates. The settlement Tuesday followed a federal judge’s ruling in March admitting the class action lawsuit brought by investors and pension funds against the banks. In all about 15 banks were named in the suit […]
Tag: JP Morgan
Seven banks to pay $324 million to settle suit alleging interest rate manipulation
WASHINGTON, United States (AFP) — Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates. The settlement Tuesday followed a federal judge’s ruling in March admitting the class action lawsuit brought by investors and pension funds against the banks. In all about 15 banks were named in the suit for […]
JP Morgan Chase probes cyber attack
America’s largest bank is asking federal authorities to probe a cyber attack in its network.]
JP Morgan questioned on private bank impropriety: WSJ
Sun Jul 27, 2014 9:06pm EDT (Reuters) – JPMorgan Chase & Co executives have faced regulators’ questions on whether private bank advisors guide clients to buy the firm’s own financial products, according to a report in the Wall Street Journal. As a result of the questioning regarding potential conflicts of interest, the New York-based bank has sharpened its disclosures to clients, the newspaper said, citing sources. The Office of the Comptroller of the Currency, one […]
