JPM caught rigging rates AGAIN!!

  1. 17,482 Posts.
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    Its obvious companies like these are not going to stop their corrupt activities. Perhaps the government does not want them to stop. Could this be just a revenue stream for the government. This would give logic to the lack of directors and CEO's going to jail.


    PMorgan Is Fined $65 Million for Trying to Rig Benchmark Rate

    By
    Matt Robinson
    June 19, 2018, 4:17 AM GMT+10

    • CFTC alleges bank’s traders sought to manipulate ISDAfix

    • Goldman, Citi have also paid penalties over similar claims

    JPMorgan Chase & Co. headquarters in New York.


    JPMorgan Chase & Co. agreed to pay $65 million to settle a U.S. regulator’s allegations that its traders attempted to manipulate a benchmark for interest-rate derivatives, making it the latest bank fined in a years-long investigation.

    read the whole story at:
    https://www.bloomberg.com/news/arti...d-65-million-for-trying-to-rig-benchmark-rate
    Last edited by All4One: 19/06/18
 
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