US banks fined by CFTC for swap-reporting failures.

BANKING AND CREDIT NEWS-October 2, 2023--US banks fined by CFTC for swap-reporting failures

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Global Banking News - 02 October 2023

Commercial banks in the US have been fined by the Commodity Futures Trading Commission (CFTC) for swap reporting failures.

Three major US banks have to pay more than USD50m for the reporting failures. The US CFTC has ordered Goldman Sachs (NYSE: GS), Bank of America (NYSE: BAC) and JPMorgan (NYSE: JPM) to pay...

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