[1/3] The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights
WASHINGTON, Sept 29 (Reuters) – The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs (GS.N), Bank of America (BAC.N) and JPMorgan (JPM.N) to pay a total of over $50 million for swap reporting failures and other violations, the agency said in a statement.
JPMorgan, Bank of America, and Goldman Sachs will pay civil monetary penalties of $15 million, $8 million, and $30 million respectively, the CFTC said.
Reporting by Kanishka Singh in Washington; Editing by Sonali Paul
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US CFTC orders 3 major US banks to pay over $50 mln for swap reporting failures
