News That Fits

WSJ: After an extensive investigation into an alleged nationwide conspiracy to rig the bidding process for the investment of the proceeds of municipal securities sales, many big-name banks have been forced to pay millions to settle charges. Yesterday, J.P. Morgan joined the ranks of fellow bank conspirators, agreeing to pay $228 million to various government regulators and states to settle allegations it rigged nearly 100 transactions involving municipal bond auctions.

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