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Citi shared client orders - former FX trader claims

London Canary Wharf

Citigroup executives encouraged foreign-exchange traders to use electronic chat rooms to share client orders with employees of rival banks, a practice that forced finance companies to pay $10bn in regulatory fines, according to evidence presented to a London employment tribunal.

JPMorgan agrees to pay $995m to resolve Ambac claims

Jamie Dimon

JPMorgan agreed to pay $995m to resolve claims by Ambac Financial Group that it was duped into insuring mortgage bonds backed by shoddy loans, paving the way for approval of a much larger settlement between the bank and institutional investors stemming from the global financial crisis.