JPMorgan Chase & Co. is nearing an agreement with federal prosecutors and regulators to pay a fine to settle civil and criminal charges that its traders rigged futures and securities markets, people familiar with the matter said.

The bank would pay about $1 billion to wrap up several investigations into whether its trading desks manipulated prices for metals and Treasury securities, one of the people said.

The Justice Department’s Fraud Section and regulators at the Commodity Futures Trading Commission and Securities and Exchange Commission were involved in the probes.

The proposed agreement wouldn’t put any restrictions on the bank’s operations, the person said

Bloomberg News reported on the potential settlement Wednesday.

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