Articles Tagués ‘JP Morgan Chase’

The headquarters of JP Morgan Chase on Park Avenue December 12, 2013 in New York. STAN HONDA—AFP/Getty Images

JPMorgan will pay the lion’s share, followed by UBS and Credit Suisse

The European Commission levied a $120 million fine against JPMorgan, UBS and Credit Suisse on Tuesday, for manipulating key interest rates through an illicit cartel.

JPMorgan incurred the largest fine, $79 million (62 million euro), for fixing the Swiss franc Libor interest rate, Reuters reports. The bank will pay an additional $13 million (10.5 million euro) for participating in a cartel with UBS and Credit Suisse to rig interest rates on derivatives.

UBS and Credit Suisse will pay $16 million and $12 million fines, respectively, though Royal Bank of Scotland escaped sanctions for alerting European regulators to the price fixing scheme.




La FED (  avertit que 11 banques pourraient provoquer une nouvelle crise financière mondiale.
Ces 11 banques sont : JP Morgan Chase, Goldman Sachs, Deutsche Bank, Bank of America, Bank of New York Mellon, Barclays, Citigroup, Credit Suisse, Morgan Stanley, State Street et UBS.

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