Finance

JPMorgan to pay almost $1 billion fine to resolve US investigation into trading practices

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A man is reflected in a sign outside of the JPMorgan Chase headquarters in New York City.

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JPMorgan Chase is close to paying almost $1 billion to resolve government investigations into the alleged manipulation of metal and Treasuries markets, according to a person with knowledge of the matter.

A settlement between New York-based JPMorgan and several U.S. agencies could come as soon as this week, according to Bloomberg, which first reported news of the fine. The deal would resolve probes from the Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission. 

A penalty of that size would be a record for spoofing, which is when…



Source cnbc.com

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