February 5, 2020 / 4:12 PM / 17 days ago

JPMorgan's role in metals spoofing is under U.S. criminal probe - Bloomberg Law

Feb 5 (Reuters) - U.S. authorities that accused six JPMorgan Chase & Co employees of rigging precious-metals futures are building a criminal case against the bank itself, Bloomberg Law reported on Wednesday, citing people familiar with the matter.

No formal accusations have been made against the bank, the report bit.ly/36WJwPP added.

The probe raises the prospect of criminal charges and significant fines against the bank, the report said.

JPMorgan was not immediately available for a Reuters request for comment. (Reporting by Bharath Manjesh in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below