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JPMorgan’s foreign exchange business under criminal investigation
Friday, November 7, 2014 3:23
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The Department of Justice has opened a criminal investigation into JPMorgan Chase‘s foreign exchange business. The announcement by the nation’s largest bank follows a similar disclosure Thursday by Citigroup. Banks in the U.S. and abroad are facing allegations that they manipulated foreign-exchange rates. Besides the Justice Department, JPMorgan says civil enforcement authorities and foreign regulators …
Source: http://www.hangthebankers.com/jpmorgans-foreign-exchange-business-under-criminal-investigation/
