JPMorgan bans multidealer online chat rooms: Source — Reuters

JPMorgan Chase, the biggest U.S. bank by assets, is banning the use of multidealer online chat rooms and the use of such chat rooms among staff for social purposes, a person familiar with the matter told Reuters on Tuesday.

Chat rooms have been a focus for regulators investigating manipulation of benchmark interest rates and possible rigging in the $5.3 trillion-a-day foreign exchange market.

via JPMorgan bans multidealer online chat rooms: Source — Reuters