JPMorgan 'close' to completing talks with regulators over FX

JPMorgan still

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.

To access the complete Bloomberg News article hit the link below:

JPMorgan Says Close to Concluding Talks With Regulators Over FX

Bond Trader’s Judge Asks What’s Puffery and What’s Fraud

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News