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Three Banks Settle Charges in Enron Affair

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At a glance:

One more settlement in the Enron affair has been finalized. Three banks - J.P. Morgan Chase, Citigroup, and CIBC will pay a combined total of $6.6 billion for claims they cooperated with the Enron fraud. 
 
The total settlement fund now stands at over $7 billion, with interest.

Judge approves CIBC's Enron settlement

Globe and Mail - 5/25/2006 4:01 AM

A federal U.S. judge gave final approval yesterday for the Canadian Imperial Bank of Commerce and two major U.S. banks to pay $6.6-billion (U.S.) to settle civil claims that they helped Enron Corp. manipulate earnings.
 
U.S. District Judge Melinda Harmon approved the deals with CIBC, JPMorgan Chase & Co. a
 
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