Articles Posted in JPMorgan

The city of Philadelphia, Pennsylvania is suing Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Wells Fargo & Co. (WFC), Barclays Plc (BAR), JPMorgan Chase & Co. (JPM), and Royal Bank of Canada (RBC) for allegedly rigging rates for variable-rate demand obligations (VRDOs). Philadelphia had issued over $1.6B of…

A preliminary $182M settlement has been reached in a benchmark rigging lawsuit between investors and banks Citigroup Inc. (C) and JPMorgan & Chase (JPM). Now, a federal judge must approve the deal, which would end claims accusing the two financial firms of manipulating the Euribor (Euro Interbank Offered Rate). The…