JP Morgan & Citigroup to Pay $182.5 Million Settlement Fee

[kreslik.news]

Citigroup and JP Morgan look set to pay a combined total of $182.5 million to settle a case brought against them, as well as a number of other banks, by a group of investment companies. The two banking giants are accused of having violated antitrust laws.

Along with a handful of other banks, Citigroup and JP Morgan allegedly manipulated theEuropean Interbank Offered Rate (Euribor) – an interest rate benchmark used by firms as a reference point for euro-denominated financial instruments.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

A number of buy-side ... (read more)