JPMorgan set to pay nearly $1 billion in spoofing penalty - source

  • 📰 Reuters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

JPMorgan set to pay $1 billion in spoofing penalty - Bloomberg News

FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segaris set to pay nearly $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, a person familiar with the situation said on Wednesday.

The bank’s previous public filings had showed that authorities, including the Department of Justice’s Criminal Division, were conducting investigations “relating to trading practices in the metals markets and related conduct.” The settlement, first reported by Bloomberg News, could come as soon as this week and is not expected to result in any restrictions on the bank’s business, the person said.

Spoofing is a practice in which traders place orders they intend to cancel to move prices to benefit their market positions. Reporting by Abhishek Manikandan and Akanksha Rana in Bengaluru and Lawrence Delevingne; Editing by Aditya Soni

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course they have earned $100 billion,they just paying the ticket.

SMALL COST OF DOING BUSINESS THEY SAY

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How a 24-year-old game developer makes over $1 million on Roblox - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. see, for all the mothers out there, at home don’t bother your 50 year old son wHen playing video game; he might start developing a game and make a lot of money in just one month! RedMantaStudio Alex, give tomjamespalmer a message and let’s introduce you to 500 Million gamers in Africa, The Middle Wast, Turkey and India? Jamesgeventm.com I thought, its chef gordon ramsy.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Donald Trump's campaign blew almost $1 billion and now they're in deep trouble - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. reedgalen ProjectLincoln reedgalen ProjectLincoln The walls are finally closing in! reedgalen ProjectLincoln Lol... No. Biden is in trouble.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Palantir Projects Full-Year Revenue to Surpass $1 BillionPalantir Technologies expects revenue to top $1 billion this year, as the company unveils its outlook ahead of its long-anticipated stock listing following decades of teasing the market with plans to go public. That’s it? Where’s the growth going to come from, there’s only so much intelligence sector to go around Losing over half billion is a massive problem profgalloway at what cost
Source: WSJ - 🏆 98. / 63 Read more »