US bank to pay $410m to settle power rigging probe

A US bank is to pay $410 million (£270.8m) to settle allegations it manipulated energy markets in California and the Midwest from September 2010 to November 2012. The US Federal Energy Regulatory Commission (FERC) said JPMorgan Ventures Energy Chase Corporation (JPMVEC) would pay the amount in “penalties and disgorgement” to taxpayers for allegations of market […]

JPMorgan faces questions from US energy regulators

JPMorgan Chase & Co is being investigated by the US energy watchdog about whether it manipulated power markets in some parts of the USA in 2011. The US bank is said to have received two subpoenas from the Federal Energy Regulatory Commission (FERC) asking for several emails as part of the investigation. The FERC is […]