April 11 Blythe Masters, who will leave JPMorgan
Chase & Co after a 27-year career, is under
investigation by federal prosecutors in Manhattan, Bloomberg
reported citing two people with knowledge of the matter.
The probe was opened after a settlement last year with
regulators that alleged JPMorgan manipulated power markets in
the Midwest and California, the report said. (r.reuters.com/tur48v)
The bank agreed last July to pay $410 million to settle the
case. While Masters was not cited for wrongdoing, her name
appeared in the regulator's order a number of times.
It is not immediately clear what the Manhattan prosecutors
JPMorgan was not immediately available for comment outside
regular U.S. business hours.
Masters, who began her career at the bank with an internship
in London, wanted to continue as the chief of the commodities
business even after its sale to Geneva-based Mercuria Energy
Group Ltd, Bloomberg said.
JP Morgan is selling its physical commodities to Mercuria
for $3.5 billion and Masters is expected to leave the bank in a
few months after assisting with the sale.
(Reporting by Arnab Sen in Bangalore; Editing by Joyjeet Das)