RENEE MONTAGNE, host:
NPR's business news starts with a fine for JPMorgan Chase.
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MONTAGNE: Federal and state regulators have been investigating the way banks sold complex financial products to cities and charities. Yesterday, JPMorgan Chase agreed to pay $211 million to settle charges that its bankers rigged bids and fixed prices for bond derivatives sold to at least 48 cities and nonprofits. Bank of America and UBS have also paid money to settle similar charges. Transcript provided by NPR, Copyright NPR.