Financial Business Recap: JPMorgan & Others Asked To Sign Tolling Agreements
These were Thursday’s top stories:
Top banks that include JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), UBS AG (NYSE:UBS), The Royal Bank of Scotland Group Plc (NYSE:RBS), and Deutsche Bank AG (NYSE:DB), have been requested by the Justice Department and the Commodities Futures Trading Commission to sign “tolling” agreements which will permit the agencies to file charges over alleged interest-rate manipulation beyond the statute of limitations, according to the Wall Street Journal. Moreover, the firms are expected to acquiesce rather than to prompt regulators to indict them while they try to last out the time limit.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>