2nd Oct 2015 05:20
NEW YORK CITY (Alliance News) - JPMorgan Chase & Co is set to pay almost a third of a USD1.86 billion settlement to resolve claims that a dozen big banks conspired to limit competition in the credit-default swaps market, the Bloomberg reported, citing people briefed on terms of the deal.
JPMorgan is paying USD595 million, the report said, citing people who asked not to be identified because the firms haven't disclosed how they're splitting costs.
Morgan Stanley, Barclays PLC and Goldman Sachs Group Inc are paying about USD230 million, USD175 million and USD164 million, respectively, the report said.
Copyright RTT News/dpa-AFX
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