JPMorgan Chase & Co (JPM) agreed to pay 25 million euros or $29.6 million fine to settle a longstanding French criminal investigation over allegations it helped clients commit tax fraud, several media reports quoted French financial prosecutors' office as saying.
The reports indicated that Paris court approved the settlement.
The case relates to allegations of tax fraud seen to benefit former managers at investment firm Wendel.
The bank's involvement revolves mainly over financing provided by its Paris branch to the managers in 2007 to restructure their holdings in Wendel.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.