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Today: April 03, 2025

US CFTC orders 3 major US banks to pay over $50 million for swap reporting failures

FILE PHOTO: The Goldman Sachs company logo is on the floor of the NYSE in New York
April 26, 2024
Reuters - Reuters

WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan 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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