YOUR BUSINESS AUTHORITY
Springfield, MO
U.S. regulators have reached billions of dollars worth of settlements with Wall Street banks related to a probe into employees' use of unauthorized messaging apps such as WhatsApp.
On Tuesday, the Securities and Exchange Commission announced $1.1 billion in fines and the Commodity Futures Trading Commission disclosed $710 million in penalties in separate statements. Combined with JPMorgan Chase & Co.’s $200 million in fines from December, the total is more than $2 billion.
Other banks involved include Bank of America and Goldman Sachs.
Read more from Bloomberg.
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