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JPMorgan settles forex manipulation lawsuit in US

Wednesday, January 7, 2015 - 05:50

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JPMorgan Chase & Co has become the first bank to settle a US antitrust lawsuit in which investors accused 12 major banks of rigging prices in the US$5 trillion-a-day foreign exchange market.

New York

JPMORGAN Chase & Co has become the first bank to settle a US antitrust lawsuit in which investors accused 12 major banks of rigging prices in the US$5 trillion-a-day foreign exchange market.

The largest US bank will pay about US$100 million, a person familiar with the

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