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India Lifts Ban on JPMorgan Unit in Index Manipulation Charge
Source: Bloomberg
Regulation & LegislationBanking & Liquidity
India lifted a trading ban on a JPMorgan Chase unit after it deposited 29.6 million rupees ($311,230) into a bank account to comply with an order from the country’s market regulator. The resolution removes a regulatory restriction on the unit, but the financial magnitude is immaterial to JPMorgan’s overall operations.
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