Former JPMorgan banker testifies for cartel prosecution: there was no agreement LeapRate

December 08, 2019 BY Mariela Naydenova

Former JPMorgan banker testifies for cartel prosecution: there was no agreement

On Friday, December 6th, in a prosecution hearing against a potential criminal cartel case involving Deutsche Bank AG and Citigroup INC, the former JPMorgan head of markets, Jeff Herbert-Smith, served as a prosecution witness claiming that the banks never colluded in the first place. The testimony actually served as a blow to the prosecution case…

November 20, 2017 BY LeapRate Staff

UBS, RBS, JPMorgan, Citi, Barclays, HSBC heading towards EU settlement for FX rate rigging cartel

The Financial Times is reporting that several of the world's leading banks are heading towards final negotiations on a financial settlement (read:fines) with the European Commission, following a more than four year long probe into allegations they formed a cartel to rig the $5 trillion global FX market. The FT named UBS, RBS, JPMorgan, Citigroup, Barclays,…

February 03, 2015 BY Andrew Saks-McLeod

European Commission alleges ICAP ran currency cartels; ICAP dismisses allegations as unlawful and intends to fight lawsuit

The European Commission has accused ICAP of enabling illegal arrangements between banks in markets for the yen-based London interbank offered rate and yen Tibor, the Tokyo interbank offered rate, a matter which ICAP refutes and intends to appeal on the basis that it considers the citing to be wrong in fact and law

Tag: cartel