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J.P. Morgan set to cough up US$1bnBY ALLY SELBY | THURSDAY, 24 SEP 2020 12:37PM
J.P. Morgan Chase & Co is set to cough up close to $1.4 billion (US$1 billion) to shut down regulatory and government agency probes into market manipulation allegations on its precious metals and treasuries trading desk.
Read more: J.P. Morgan, Bloomberg, Brian Benczkowski, Christian Trunz, Christopher Jordan, Commodity Futures Trading Commission, FBI, Gregg Smith, John Edmonds, Michael Nowak, Securities and Exchange Commission, US Department of Justice, William Sweeney
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ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation.
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The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense".
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