JPMorgan faces new energy-related probe: WSJ | Bangkok Post: news

News > World

JPMorgan faces new energy-related probe: WSJ

- +

US authorities are probing whether banking giant JPMorgan Chase manipulated US energy markets, the Wall Street Journal reported. 

The headquarters of JPMorgan Chase bank rises over Park Avenue in midtown Manhattan, on July 13, 2012, in New York City. US authorities are probing whether the banking giant manipulated US energy markets, according to the Wall Street Journal.

The newspaper, citing unnamed sources, on Monday said the Justice Department recently decided to take a closer look at the bank's energy practices as it was wrapping up a $410 million settlement linked to allegations it had manipulated power prices in California and the Midwest.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments