JPMorgan Chase & Co. said U.S. and U.K. authorities ended probes into its activities involving Libor and other benchmark rates without issuing fines, allowing the American bank to escape the scandal lightly compared to other firms.
The U.S. Justice Department told the bank in June that it closed an inquiry into the rate-fixing scheme, and other probes by the U.K.’s Financial Conduct Authority and the Canadian Competition Bureau were also ended without action, the New York-based firm said Wednesday in a U.S. Securities and Exchange Commission filing.
