Finance
JPMorgan to Pay Over $350 Million for Trade-Reporting Lapses
- Bank is also facing questions over handling of Zelle disputes
- And in Russia, it’s getting legal demands over halted payments
This article is for subscribers only.
JPMorgan Chase & Co. expects to pay more than $350 million to settle regulatory claims that it failed to feed information on trades into market-surveillance systems.
The biggest US bank will pay about that much to two US watchdogs and is in advanced talks with a third, the company said Friday in an annual filing.