JPMorgan Chase, Bank of America and Goldman Sachs Hit With $53,000,000 Fine for Failing to Properly Report Millions of Derivatives Transactions
Three of America’s biggest banks are getting hit by the Commodity Futures Trading Commission (CFTC) for failing to properly report millions of transactions in the swaps market. JPMorgan Chase, Bank of America, and Goldman Sachs have been ordered to pay $15 million, $8 million and $30 million in fines, respectively. According to the CFTC, Goldman...