CFTC fines Bank of America $30 million in latest USD ISDAFIX settlement
The charges against Bank of America marks the ninth CFTC enforcement action against major investment banks related to ISDAFIX rigging.
The charges against Bank of America marks the ninth CFTC enforcement action against major investment banks related to ISDAFIX rigging.
NEX Group subsidiary Intercapital Capital Markets was found to have helped bank clients manipulate the USD ISDAFIX benchmark.
Traders at JP Morgan allegedly traded at the 11.00am fixing time to manipulate the USD ISDAFIX interest rate swaps benchmark.