Daily Archives: August 11, 2017

Citigroup to Pay $130 Million to End Libor Rigging Lawsuit in U.S.

With an aim to move past the litigation issues, Citigroup Inc. C agreed to resolve a private U.S. antitrust lawsuit that accused it of rigging London Interbank Offered Rate (LIBOR). The company will be paying $130 million to settle the case, without admitting any wrongdoing. This news was reported by Reuters.

Read on

Jamie Dimon says he’s a ‘patriot’ first, CEO second

You mean profits and loss first?

Jamie Dimon is stepping up his “I’m not running for office” tour of the US.

The JPMorgan Chase boss made a broad call for tax reform and investment in public works — without mentioning that these are also priorities for President Trump — during a TV interview on Tuesday.

“I am a patriot before I am the chairman and CEO of JPMorgan Chase,” Dimon told CNBC at a Chicago robotics plant that the bank is targeting for investment. He declared himself a patriot three times during the interview.

Read on.