Regulator to penalize JPMorgan over Lehman demise

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Regulator to penalize JPMorgan over Lehman demise

Reuters – A U.S. regulator is set to penalize JPMorgan for actions linked to the demise of investment bank Lehman Brothers at the height of the financial crisis in 2008, the New York Times said, citing people briefed on the matter. The Commodity Futures Trading Commission (CFTC) is expected this week to file a civil case against JPMorgan. The bank is expected to settle the Lehman matter and pay a fine of about $20 million (12.6 million pounds), the paper said. Read Article

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