Tags » JPMorgan

Correction: Bankers NOT imprisoned‏

It has come to our attention, that a typographical error may have given a false impression that employees at the world’s five largest banks are facing trial as a result of constant acts of multi-billion pound robbery. 266 more words


Wall Street rate rigging fines: Why was UBS singled out?

The lesson, it seems, from Wednesday’s multi-billion dollar settlements with the Justice Department is that if you are going to fix a global financial market, you should do it with gusto. 916 more words


Five banks to pay record $5.7bn fines over key rates manipulation – US regulator

Image Credit: RIA Novosti / Vladimir Astapkovich

The world’s five biggest banks have been fined a total of $5.7 billion for manipulating foreign exchange markets. It’s the biggest combined bank settlement in history. 340 more words


Banks fined more than $5B, to plead guilty to market rigging

WASHINGTON (AP) — A group of global banks will pay more than $5 billion in penalties and plead guilty to rigging the world’s currency market, the first time in more than two decades that major players in the financial industry have admitted to criminal wrongdoing. 533 more words

National / World

This note appeared in BBC Online todays: “Five of the world’s largest banks are to pay fines totalling $5.7bn (£3.6bn; €5.1bn) for manipulating foreign exchange or interest rates, US officials say. 151 more words

Jamie Dimon's pay package: Wrong for all the right reasons

Will J.P. Morgan shareholders say no to CEO Jamie Dimon’s $27.7 million 2014 pay package? At the financial giant’s annual meeting on Tuesday, proxy information firm Institutional Shareholder Services is recommending that investors vote it down. 1,022 more words