(Bloomberg) -- JPMorgan Chase & Co. is on the hunt to buy a private credit firm to augment its $3.6 trillion asset management arm, as the biggest US bank makes more inroads into Wall Street’s buzziest sector.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesThese Flight Routes Suffer the World’s Worst TurbulenceHarvard Denies Degrees to 13 Protesters, Defies Faculty VoteCiti Trader Got 711 Warning Messages Before Sparking Flash CrashUS Justice Department to Seek B
In the latest trading session, JPMorgan Chase & Co. (JPM) closed at $198.31, marking a -0.61% move from the previous day.
NEW YORK (Reuters) -The U.S. Commodity Futures Trading Commission is expected as soon as Wednesday to announce a $100 million settlement with JPMorgan Chase & Co over trade reporting lapses, a source with direct knowledge of the matter told Reuters. A spokesperson for the CFTC declined to comment. A JPMorgan spokesperson declined to comment, but referred to previous statements that the bank self-reported the violation and that it found neither misconduct nor any harm to customers.