Article: JP Morgan Agrees New Settlement for FX Manipulation

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JP Morgan Agrees New Settlement for FX Manipulation

Profit & Loss, 7 January 2015

JP Morgan has agreed a settlement, believed to be worth $100 million, in an antitrust litigation lawsuit brought against 12 major banks for alleged manipulation of the FX market.

The bank submitted a letter to judge Lorna Scholfield of the Court of the Southern District of New York, stating that it had reached a settlement agreement with the plaintiffs in this litigation and that is planning to file a copy of the settlement terms with the court for approval by the end of January.

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