JPMorgan said it’s close to completing discussions with the U.S. Justice Department and the Federal Reserve over investigations into foreign-exchange trading.
Bloomberg News reports that any resolution would require the bank to plead guilty to an antitrust charge, JPMorgan said Thursday in a regulatory filing.
The New York Times reported earlier this week that the banks expecting guilty pleas have been engaged in a flurry of talks with regulators including the Securities and Exchange Commission, to arrange waivers that would allow them to continue doing business as usual.
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JPMorgan Says Close to Concluding Talks With Regulators Over FX
Bond Trader’s Judge Asks What’s Puffery and What’s Fraud