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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s