February 5, 2020 / 4:16 PM / 13 days ago

JPMorgan's role in metals spoofing is under U.S. criminal probe - Bloomberg Law

Feb 5 (Reuters) - U.S. authorities that accused six JPMorgan Chase & Co employees of rigging precious-metals futures are building a criminal case against the bank itself, Bloomberg Law reported on Wednesday, citing people familiar with the matter.

No formal accusations have been made against the bank, the report bit.ly/36WJwPP added.

The probe raises the prospect of criminal charges and significant fines against the bank, the report said.

JPMorgan was not immediately available for a Reuters request for comment. (Reporting by Bharath Manjesh in Bengaluru; Editing by Maju Samuel)

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