29 thoughts on “JPMorgan, other US banks, committed fraud

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  6. EUROPEAN UNION: The EU competition regulator Joaquin Almunia accused JPMorgan, HSBC and Credit Agricole today of colluding to manipulate the price of derivatives linked to interest rates.

    Commissioner Almunia said if the commission ultimately concludes they have broken the law, it can impose a maximum fine of up to 10 per cent of their annual turnover.

    In December 2013, the commission levied fines of £810 million on Barclays, Deutsche Bank, RBS and Societe Generale as part of the same case, which covers 2005-2008.

    http://morningstaronline.co.uk/a-fa54-World-in-Brief-200514#.U3uf9ihAe7o

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