Sunday, February 01, 2015

JPMorgan settles another case

This one cost only $99.5 million. Twelve banks, including JP, have been accused of rigging prices in the foreign exchange market, appropriately known as the Fix.This fine is on top of November's settlements of
roughly $1 billion in civil penalties to resolve related claims by U.S. and European regulators.

The lawyers for the plaintiffs should do well. They expect to get 30% of the settlement.

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