Home / Market News / The Wall Street Journal: Bank of America, Citigroup, Goldman Sachs and other banks near $1 billion settlement over traders’ use of banned messaging apps

The Wall Street Journal: Bank of America, Citigroup, Goldman Sachs and other banks near $1 billion settlement over traders’ use of banned messaging apps

Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regulatory requirements, according to people familiar with the matter.
Read Full Story