Markets News Thursday: Risk-averse Eurozone banks put record €320.4bn on deposit with the ECB; UK FSA fines JP Morgan Chase & Co. £33.32m
Jun 3rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; Overnight deposits with the European Central Bank rose to a record €320.4bn as the Eurozone debt crisis makes banks nervous about lending to each other. Meanwhile, the UK's Financial Services Authority (FSA) said today it has fined JP Morgan Chase & Co. £33.32m for failing to separate client money from the firm's, in the largest fine in the FSA's history.