The U.S. CFTC has imposed a $30 million penalty against Bank of America, N.A. for alleged attempted manipulation and false reporting of the U.S. dollar ISDAFIX benchmark. The CFTC’s order, which both files and settles the charges against BofA, alleges that, beginning in January 2007 and continuing through December 2012, the bank “made false reports… Read More >>
ICAP Capital Markets Penalized $50M in ISDAFIX Case
CFTC officials have settled a benchmark manipulation case against ICAP Capital Markets (ICAP) via an order that requires the firm, now known as Intercapital Capital Markets, to pay a $50 million civil monetary penalty, officials say The regulator is alleging that the firm, a NEX subsidiary company, used certain brokers to help facilitate attempts by… Read More >>
