Banks Balk at Compensation for 'Big Bang' Rate Losses
A monitor displays JP Morgan Chase & Co. signage on the floor of the New York Stock Exchange in New York, U.S. (Photographer: Michael Nagle/Bloomberg)

Banks Balk at Compensation for 'Big Bang' Rate Losses

(Bloomberg) -- JPMorgan Chase & Co., Deutsche Bank AG and Nomura Holdings Inc. are among banks telling clients they won’t compensate them for trades that lose value during the “big bang” transition...
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