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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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JPMorgan Chase & Co Near Settlement With Energy Regulator-Reuters

Wednesday, 17 Jul 2013 03:28am EDT 

Reuters reported that JPMorgan Chase & Co and the U.S. Federal Energy Regulatory Commission are close to reaching a settlement that could result in the bank making the payment to the U.S. energy market regulator. The amount to be paid is not yet known, but past discussions have involved close to $1 billion. The two sides are exchanging drafts of a deal that would resolve allegations that the bank manipulated electricity markets in California and the Midwest, 

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