Big Money

JPMorgan Chase Bank must face claims by the Federal Republic of Nigeria over nearly $876 million the bank paid out to high-level – and corrupt – Nigerian officials, even though the officials were authorized to initiate transfers, a British appeals court has ruled.

LONDON – JPMorgan Chase Bank must face claims by the Federal Republic of Nigeria over nearly $876 million the bank paid out to high-level – and corrupt – Nigerian officials, even though the officials were authorized to initiate transfers, a British appeals court has ruled.

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