JPMorgan Exits Aussie Rates Panel In Libor's Wake
Banking giant JPMorgan Chase (JPM) is pulling out of the group that sets Australia's interbank lending rates, as it and other institutions rethink that business in the wake of the Libor rate rigging scandal. JPMorgan shares were down 1.5% on the stock market today. The panel that sets Australia's bank bill swap reference rate will drop to 12, from 14, after JPMorgan drops at the end of the month. Swiss banking giant UBS (UBS) previously withdrew
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here