CFTC has imposed around $6bn in penalties against banks and brokers to address the rigging of benchmarks

Former Reporter

 has agreed to pay a $65m fine to settle claims that it tried to manipulate a global interest rate benchmark, the latest fine levied by US regulators to punish crisis-era manipulation schemes by large banks.

The Commodity Futures Trading Commission said JPMorgan employees between 2007 and 2012 made false reports and attempted to manipulate the US Dollar International Swaps and Derivatives Association Fix, a benchmark that is referenced in many derivatives products.

JPMorgan to pay $65m fine for dollar benchmark manipulation

Gabriel T. Rubin

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