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US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use

US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use

Major US banks like JP Morgan Chase and Bank of America face upwards of $1 billion (roughly Rs. 8,000 crore) in fines, according to recent disclosures. The banks are being probed by the US Securities and Exchange Commission and the US Commodity Futures Trading Commission over employees’ use of unapproved messaging tools like email and WhatsApp. Here’s how much firms l…

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