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The Commodity Futures Trading Commission (CFTC) is investigating several major Wall Street banks, including JPMorgan Chase, Bank of America, and Citigroup, concerning their use of non-disclosure agreements (NDAs) in their swaps and clearing businesses. This probe aims to determine if these NDAs are being used to discourage whistleblowers. The inquiry follows recent high-level meetings between the world's most powerful financial regulator and bank executives, investors, and ratings agencies, focusing on the aftermath of the Credit Suisse collapse and the controversial wiping out of AT1 bonds.
Regulators probe big banks' potential use of NDAs to discourage whistleblowers https://t.co/u2L3WYHkXW
Regulators probe potential use by big banks of nondisclosure agreements to discourage whistleblowers: report https://t.co/giBK8jB0SE
⚠️ BIG BANKS FACE PROBE OVER NDAS IN SWAPS, CLEARING BUSINESSES, BLOOMBERG REPORTS Full Story → https://t.co/fPItAoLFm6 The Commodity Futures Trading Commission (CFTC) has reached out to a number of banks, including JPMorgan Chase, Bank of America and Citigroup to see if they… https://t.co/SaABAe5G4s
